Stories for August 2017

Thursday, August 31

Kratos Receives $2.2M Contract for Unmanned Aircraft

Kratos Defense and Security Solutions Inc. recently received $2.2 million in contract awards for one of its newest jet-powered unmanned aircraft projects, the business said on Aug. 31.

Executive Q&A Stephen Friedman, Regents Bank

Stephen Friedman, the new regional president of Regents Bank, has 20 years in the banking business, but he credits his experience outside of the industry with honing his understanding of clients’ needs.

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Tri-City Healthcare Will Switch to District Elections

HEALTH: Demand Letter From Lawyer Spurred District’s Action

Tri-City Healthcare District is among the government bodies in the region switching to district elections in the face of legal action from a Malibu lawyer. In the past, all voters in the public healthcare district elected the seven-member board.

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Women Execs Face Obstacles in Commercial Real Estate Career

DIVERSITY: Structural Barriers Need Addressing; Progress Made at Midlevel

While their counterparts on the residential side have attained near parity with men when it comes to filling the ranks of upper management, that level of corporate leadership remains the unbroken glass ceiling for most women in commercial real estate brokerage.

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Lacrosse in the S.D. Pro Sports Mix

SPORT: NLL Team to Play at Valley View Center in 2018

Professional lacrosse is coming to San Diego, courtesy of a billionaire tech executive with a passion for the fast-paced sport.

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Residential Wholesale Mortgage Acquires Another Mortgage Bank

Two San Diego-based mortgage banks are joining forces.

Millenia Makes Move To Bring in Business

PROPERTY: Office Complex Will Try to Crack Cluster Culture

Apartments, homes and retail elements are steadily coming into place at the mixed-use Millenia community in eastern Chula Vista, a project long seen as crucial to attracting young families and professionals seeking a walk-friendly, urban-style environment with affordable housing.

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NuVasive Expansion Aims to Be Catalyst for Innovation

BIOTECH: Training, R&D Programs Get More Space

San Diego-based NuVasive Inc. in January will begin expanding its headquarters, including creating an innovation center to showcase the company’s efforts in training surgeons in its latest spine surgery procedures and technology.

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Local Cos. Ride Wave of Travel Nursing Demand

Health: Need May Slow, But Demographic Trends Are in Its Favor

Nationally, more travel nurses hit the road in 2016, 2015 and 2014 compared with the prior three years, a boon for local companies.

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Startup San Diego Looking for Brick-And-Mortar Home After City Rejects Bid

Local nonprofit Startup San Diego, the mostly-virtual organization that puts on Startup Week each year, is looking to put down roots and open a physical location in Downtown San Diego.

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Epsilon Systems Awarded One-Year, $17 Million Navy Contract

San Diego-based Epsilon Systems Solutions Inc. received a one-year, $17 million contract modification from the U.S. Navy in an award set aside for small businesses.

Port District Seeks Proposals for Interim Management of Seaport Village

The Port of San Diego has issued a request for proposals, seeking a third party to manage and operate the site of downtown’s Seaport Village after its current lease expires on Sept. 30, 2018.

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Local Economic Index Up in July

A local index of leading economic indicators in San Diego County was up 0.5 percent in July, led by a big increase in building permits, small gains in consumer confidence and an improved outlook for the national economy.

New Surgical Services Director Named at Palomar Medical Center Poway

Dawn Laundrup, who has 20 years of nursing and leadership experience, has been appointed director of surgical services at Palomar Medical Center Poway, a 107-bed acute care facility.

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Wednesday, August 30

Otonomy's Stock Plummets Over 80 Percent After Failed Clinical Trial

Following a truly dismal clinical trial flop, San Diego drugmaker Otonomy Inc. watched its stock nosedive over 82 percent by close of market Wednesday.

Pathfinder Partners Buys Sacramento Apartments for $22 Million

San Diego-based Pathfinder Partners has purchased a 195-unit apartment community in Sacramento for $22 million, the real estate investment company announced.

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Bill Bonwit to Succeed Carmela Keeney at SPAWAR

The U.S. Navy’s Point Loma lab has promoted Bill Bonwit to executive director.

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RAF Developing Carlsbad Distribution Facility for San Diego Hat Co.

Encinitas-based RAF Pacifica Group will develop a new Carlsbad distribution facility for San Diego Hat Co., which recently acquired a 7.5-acre industrial parcel in that city for approximately $5.87 million, according to brokerage firm Cushman & Wakefield.

Rental Property Tech Firm Mynd Buys Pacific Shore Management

Oakland-headquartered Mynd, which describes itself as a “tech-powered” residential rental property management company, has acquired San Diego-based Pacific Shore Management for an undisclosed price.

Tech Co. Hookit Raises $16 Million

Sports analytics company Hookit has raised $16 million in growth capital to build out technology in machine learning and predictive analytics.

TrellisWare Technologies Awarded Five-Year, $40 Million Contract

The U.S. Special Operations Command awarded a five-year contract for specialized radios to Rancho Bernardo-based TrellisWare Technologies Inc.

Credit Union Reports Nearly $8.2 Billion in Assets

San Diego County Credit Union, San Diego’s largest locally owned financial institution, reported nearly $8.2 billion in assets at the end of the second quarter, up from about $8.1 billion the prior quarter.

Tuesday, August 29

Pacific Marine Credit Union Opens Second Location on Base

San Diego-based Pacific Marine Credit Union is expanding its Camp Pendleton presence.

Atyr Pharma Lands $46 Million in New Capital

Atyr Pharma, a public biotech in San Diego, has inked a $46 million equity deal to fund the development of its lead drug.

Another Big Downtown Deal: 600 B Tower Sells for $109.5 Million

New York City-based Rockwood Capital LLC has acquired the downtown San Diego office tower at 600 B St. for $109.5 million, according to real estate services firm Holliday Fenoglio Fowler LP (HFF).

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Tracking Big Commercial Deals: First Half Saw Slowdown in San Diego

Things appear to be slowing down lately when it comes to big-ticket commercial real estate investment deals in San Diego County.

Former Publisher to Lead Chula Vista Training Center

Malcolm Bordelon has been tapped to be president of the Chula Vista Elite Athlete Training Center, the complex formerly known as the U.S. Olympic Training Center. He will begin the job in mid-September.

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Westcore Buys Moreno Valley Industrial Property for $30.71 Million

San Diego-headquartered Westcore Properties has acquired an industrial building in Moreno Valley for $30.71 million, with cosmetic improvements slated to start immediately, the company announced.

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Ten Finalists Named to Compete at Quick Pitch

Ten startups have made it past the first round of judging and will soon compete onstage for the finals at the John G. Watson Quick Pitch, the largest competition of its kind in San Diego.

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Feeding San Diego Joins Homeless-Relief Effort

Feeding San Diego, the nonprofit hunger relief organization, has joined the homeless-relief effort of businessmen Peter Seidler and Dan Shea. The two made the announcement Aug. 29.

Monday, August 28

Data Show Drowsiness Runs Up the Score Against Sanitation Truck Drivers in Football Season

Mondays and Tuesdays in the fall are bad days for trash truck drivers.

FDA Approves Tandem’s Latest Insulin Pump With Dexcom Technology

San Diego medical device company Tandem Diabetes Care announced FDA approval and the launch of a new touchscreen insulin pump with continuous glucose monitoring from Dexcom, another local company.

Southwest Adding Direct Local Service to Puerto Vallarta

Southwest Airlines is adding new non-stop flights in 2018 from San Diego to Puerto Vallarta, Mexico, along with Newark, N.J. and El Paso, Texas, the Dallas-based carrier announced

Great Jones Street Could Get Big Market Reach From Medium Deal

Local app startup Great Jones Street has partnered with Medium, the online publishing platform founded by Twitter co-founder Ev Williams, to share content. The move will likely drive new users to the San Diego company’s platform.

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Keynote Speaker Announced for Veteran and Military Entrepreneur Conference & Awards

Larry Broughton, an award-winning hotelier and entrepreneur, CEO, bestselling author and former US Army Green Beret, has been announced as the keynote speaker for the San Diego 2017 Veteran and Military Entrepreneur Awards.

New Drug Application Acceptance Gives La Jolla Pharmaceutical Some Momentum in the Market

La Jolla Pharmaceutical Co.'s stock is climbing following good news from regulators.

Developer Plans $103.5M Mixed-Use Project in Pacific Beach

The San Diego regional office of Texas-based developer JPI plans a Sept. 6 ground-breaking for Jefferson Pacific Beach, a $103.5 million, mixed-use luxury apartment community adjacent to Mission Bay Park.

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Kearny Mesa Office Buildings Sold for $18.5 Million

Protea Aero Drive LLC of San Diego has acquired two neighboring office buildings in Kearny Mesa for $18.5 million, according to brokerage firm Voit Real Estate Services.

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Golden Hill Apartment Property Sells for $4.9 Million

San Diego-based Fenway Properties III LLC has acquired a 20-unit apartment property in the city’s Golden Hill neighborhood for $4.9 million, according to CoStar Group and public data.

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Sunday, August 27

With $815.17 Million, SDSU Easily Surpasses Goal of 10-Year Fundraising Campaign

Donors put San Diego State University’s 10-year fundraising campaign over the top in fiscal 2016-17, bringing the total raised to $815.17 million,

Barbo Bounces Back With a New Company and Same Tenacity

Cody Barbo, the former CEO and co-founder of Industry, is launching a new software venture just one month after being forced out of his last startup.

Despite a Dip in Construction Jobs for July, Industry Struggles to Hire Qualified Workers

After peaking in June, the number of construction jobs in San Diego County in July fell to 79,900, according to data tracked by the California Employment Development Department.

Waitt Stepping Down as Chair of Salk Institute's Board

Ted Waitt, chair of the board of trustees at the Salk Institute for Biological Studies, announced he will be leaving his post, the timing of which he said was unrelated to recent lawsuits facing the scientific research institution in La Jolla.

The Business Calendar for the Week of August 28, 2017

Some of the business events planned for the week of August 28, 2017, and beyond.

County Construction Starts Down 17% for First 7 Months of 2017

Following a third consecutive month of declining activity compared with a year ago, San Diego County’s construction starts are down 17 percent in value for the first seven months of 2017, at just over $2.16 billion, according to Dodge Data & Analytics.

Work Starting on Dual-Brand Hilton Campus in Chula Vista

Carlsbad-based hotel operator Sethi Management Inc. plans an Aug. 28 ground-breaking for a new 204-room, dual-branded Hilton campus being developed in Chula Vista’s Eastlake neighborhood.

Friday, August 25

Ted Waitt Stepping Down as Chair of Salk Institute's Board

Ted Waitt, chair of the board of trustees at the Salk Institute for Biological Studies, announced today he will be leaving his post, the timing of which he said was unrelated to recent lawsuits facing the scientific research institution in La Jolla.

Barbo Bounces Back With New Company and Same Tenacity

Cody Barbo, the former CEO and co-founder of Industry, is launching a new software venture just one month after being forced out of his last startup.

With $815M, SDSU Easily Surpasses Goal of 10-Year Fundraising Campaign

Donors put San Diego State University’s 10-year fundraising campaign over the top in fiscal 2016-17, bringing the total raised to $815.17 million, the university recently announced.

Sempra Does Its Homework for Oncor Deal

It Studied Failure of Past Efforts To Purchase Oncor

Business Calendar for Week of August 28, 2017

Some of the business events scheduled in the county for the week of August 28, 2017, and beyond.

Despite Dip in Construction Jobs for July, Industry Struggles to Hire Qualified Workers

After peaking in June, the number of construction jobs in San Diego County in July fell to 79,900, according to data tracked by the California Employment Development Department.

County Construction Starts Down 17 Percent for First 7 Months of 2017

Following a third consecutive month of declining activity compared with a year ago, San Diego County’s construction starts are down 17 percent in value for the first seven months of 2017, at just over $2.16 billion, according to Dodge Data & Analytics.

Work Is Starting on Dual-Brand Hilton Campus in Chula Vista

Carlsbad-based hotel operator Sethi Management Inc. plans an Aug. 28 ground-breaking for a new 204-room, dual-branded Hilton campus being developed in Chula Vista’s Eastlake neighborhood.

Thursday, August 24

Sold Again: San Francisco Firm Buys Downtown’s Five Thirty B for $57.7M

San Francisco-based Swift Real Estate Partners has purchased the Five Thirty B office tower in downtown San Diego for $57.7 million, according to CoStar Group and public data. This marks the third time the 1960s-vintage property has changed hands since early 2014.

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Illumina Spins Out a Forensics Startup

Local genomics giant Illumina Inc. is spinning out a new forensics startup, and (unlike previous spinouts) this upstart will be based in San Diego.

Cox Business Announces Pitch Contest, Get Started San Diego

A new pitch competition for startups is coming to San Diego, where entrepreneurs and small business owners can compete to win $20,000 in cash and $5,000 in technology services.

Aberle to Leave Qualcomm at Year's End

Derek Aberle, president of Qualcomm Inc., is leaving the company at year’s end.

Legoland California Resort Opening New Submarine Ride in 2018

Operators of Legoland California Resort in Carlsbad plan to debut a new submarine-themed ride called Lego City Deep Sea Adventure, opening in 2018 following a previously announced castle-themed hotel that is currently under construction.

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Airgain Stock Climbs Following Co.'s Announcement of Share Buy Back Plan

San Diego-based Airgain Inc., which makes wireless antennas, saw its stock price rise nearly 15 percent the day after it announced plans to repurchase up to $7 million of shares of its stock.

Report: San Diego-Carlsbad Area Leads State in Residential Solar Power Installed in 2016

In California, the San Diego-Carlsbad area in 2016 ranked first in total amount of residential solar capacity installed, according to the California Green Innovation Index.

To Update NAFTA, Why Not Start at Border?

Now that the NAFTA renegotiations have begun, a lot of us that look at the U.S.-Mexico border economy are wondering how this will play out for the border region. Interestingly enough, so is U.S. Trade Representative Robert Lighthizer, who made reference to border communities’ “particular equity in the agreement” in his opening statement.

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Student Takes a Bow for Entry in NASSCO’s Naming Contest

As part of its Maritime Month celebration, General Dynamics NASSCO invited local K-8 students residing or attending school in the Greater Logan Heights community to name the company’s newest tugboat.

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There Actually Is ‘No Place Like Home’ When Living Here

Far removed from the main road, up a long driveway that weaves through acres of fragrant orange trees on one side and a brook on the other, the home known as Del Dios Ranch comes into view. Immediately, the sense that this home is unlike any other in the county is palpable.

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New Tastes Coming to Rancho Santa Fe, Coronado

Nick & G’s, featuring Mediterranean and Italian style dishes, recently opened at 6106 Paseo Delicias in Rancho Santa Fe, the former site of Ponsaty’s. The executive chef is Brian Freerksen and the owner is Sandra DiCicco, who heads locally based Grand Restaurant Group, the operator of several area venues including Bellamy’s Restaurant in Escondido.

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Craft Beer’s Footprint Makes It A Player in the Property Market

Craft beer pairs quite well with commercial real estate, especially if you have an industrial property you’d like to sell or lease out.

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Nurses Clash With Hospital Districts Over Pay, Other Demands

HEALTH: Palomar, Tri-City Are in Difficult Negotiations With Union

Nurses at North County’s two flagship hospital operators — Tri-City Medical Center and Palomar Health — say they remain far apart with management in negotiations of new four-year contracts and that strikes are possible.

Sidecar Fund Could Boost, Or Eclipse, Quick Pitch Winner

Startups who applied to San Diego’s biggest pitch competition may get more than they bargained for, as the event’s cash prize could be tripled for one of the finalists. But there are some caveats attached to the new cash.

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Multifamily Construction Trend Losing Momentum in 2017

BUILDING: Projects Not Keeping Pace With Need; Streamlining Called for

Since 2010, San Diego builders have increasingly been in the business of multifamily housing — mainly apartments and condos. But this type of development is slowing, leaving the industry to wonder if it’s a minor blip or a bigger trend.

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Business Finds Financial Boost in Regulation Crowdfunding

FINANCE: Mechanism Allows Investment By Unaccredited Investors

The founders of Solana Beach-based athletic wear retailer Graced By Grit weren’t having any luck convincing investors to back their company.

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Sporting Goods Co. Takes on Tech Support Role for Youth Leagues

RETAIL: Acquisitions Used To Build Digital Platform Which Tracks User Data

Inside a 16,000-square-foot space in downtown San Diego, members of a national all-star team are vying for the future of sporting goods retailing.

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Green Flash Hops On Heartland Opportunity

BREWING: Nebraska Site Is in Developing Craft Beer Marke

For about the past year, Mike Hinkley had been carefully researching Nebraska and other potential Midwest expansion options for Green Flash Brewing Co., the Mira Mesa company he co-founded in 2002 with wife Lisa.

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Vista Equity Could Supersize PayLease

TECH: New Owner Known To Use Roll Up Strategy

Some startup founders are reluctant to relinquish any control over the companies they are building. PayLease founder Ty Kalklosch’s comfort with collaboration has set the rapidly growing software company on the path to $100 million in revenue in 2018.

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LGBT Certification Gives Co. Visibility, Opportunity

WORKFORCE: Program Boosts Supplier Diversity

Pride Resource Partners CEO Joe Maak has worked in San Diego since 1997, but it wasn’t until 2014 that he got the push he needed to launch his own business.

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Data Storage Solution May Be in the DNA

TECH: Co. Targets Data Overload and Longevity Issues

A local startup is developing technology that could one day replace your laptop’s hard drive with strands of DNA.

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Wednesday, August 23

Suja Life Has What Venture Capitalists Like

San Diego-based Suja Life LLC, which makes organic, cold-pressed juices and other beverages, is the second most well-funded venture capital backed food and beverage startup.

UC San Diego Center for Peace and Security Receives $3.32M Grant from Charles Koch Foundation

The UC San Diego Center for Peace and Security Studies (cPASS), launched in 2016 by social scientist and foreign policy expert Erik Gartzke, has received a $3.32 million grant from the Charles Koch Foundation.

Nisen to Retire From CEO Post at Sanford Burnham Prebys Medical Discovery Institute

Perry Nisen, the top executive at one of San Diego’s most well-known research institutes, is retiring at the end of September.

Exec Q&A: Marty Birkel, Ballast Point Brewing Co.

Already the largest San Diego-based beer-maker — and now the 13th biggest in the U.S. based on 2016 production volume — Ballast Point Brewing Co. has been ramping up its new East Coast production facilities in Virginia.

Seven New Retail Tenants Join Roster at Barrio Logan Center

Seven new tenants, including five restaurants, have joined the retail lineup at the mixed-use Mercado del Barrio in San Diego’s Barrio Logan neighborhood, center owner Shea Properties announced.

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San Diego Firm Gets $17.8M in Refinancing for Property Near Seattle

San Diego-based Nexus Properties Inc. has obtained $17.8 million in refinancing for a life science building that it owns in suburban Seattle, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.

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Tuesday, August 22

Report: Craft Beer Still Brews Up Plenty of Real Estate Impact

Craft beer remains a key generator of commercial real estate traffic both nationally and locally – especially in the industrial and retail realms -- even with a continued nationwide slowdown in the growth of craft brew sales.

Cerritos-Based Bank to Open Carlsbad Branch

Cerritos-based First Choice Bank plans to open a new branch in Carlsbad on Oct. 20, its first in San Diego County.

How ecoATM Hacked Its Prototype

EcoATM has become one of San Diego’s most notable startup successes, reportedly earning hundreds of millions in annual revenue in recent years. Its co-founder and former CEO, Mark Bowles, is somewhat of a local celebrity, speaking at startup events all over the country.

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FinCEN to Continue to Monitor S.D. Residential Real Estate Purchases for Possible Money Laundering Activity

Federal regulators remain concerned about money laundering activity in the San Diego real estate market.

MabVax Therapeutics to Explore Strategic Alternatives

MabVax Therapeutics, a tiny public biotech in San Diego, has waved a white flag august 22 following poor performance on the public market.

Mission Valley Joe’s Crab Shack Among 40 Nationwide Closings

Joe’s Crab Shack recently closed its restaurant in Mission Valley, among at least 40 abrupt closings carried out nationwide since early August by the struggling chain amid bankruptcy proceedings.

Nonprofits TERI Inc. and Crimson Center to Merge

Local nonprofits TERI Inc. and the Crimson Center for Speech & Language say they are merging effective Sept 1.

ID Analytics Names Chief Analytics and Science Officer

ID Analytics LLC, which collects consumer behavioral data offering its clients what it calls “in-depth visibility into identity risk and creditworthiness,” announced that Sameer Chopra has joined the management team as chief analytics and science officer.

Monday, August 21

San Diego International Airport Passenger Traffic Rises 5.3%

Passenger traffic at San Diego International Airport rose 5.3 percent from a year ago for the January-to-July period, topping 12.5 million, according to the latest monthly numbers from the San Diego County Regional Airport Authority.

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Region’s Hotel Revenue Up 6.7% for First 7 Months of 2017

San Diego County hotel revenue rose 6.7 percent from a year ago in the first seven months of 2017, topping $1.69 billion, as the region continued to post strong numbers for its peak summer tourism season, according to the latest monthly data from research firm STR.

Sempra Energy to Acquire Texas Energy Giant Oncor in $9.45 Billion Deal

San Diego-based Sempra Energy reached a deal to buy control of Oncor Electric, operator of the largest electric transmission and distribution system in Texas.

From Assays to Hair Removal, Co. Plays Big and Small Roles

NanoComposix Inc. is growing on the strength of some very small products.

Bumble Bee Refinances Its Debt

The parent company of San Diego-based Bumble Bee Foods LLC, Bumble Bee Holdco S.C.A., said the company had refinanced its debt.

Tech Coast Angels S.D. Names Rosenberg Its Incoming President for 2018

Tech entrepreneur Dean Rosenberg, a behind-the-scenes regular in the startup crowd, is stepping into the top leadership role at Tech Coast Angels.

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Inseego Corp. Names New CFO and Chief Strategy Officer

San Diego-based Inseego Corp., a global provider of mobile broadband and software-as-a-service solutions, announced that the company has appointed Stephen Smith as executive vice president and chief financial officer.

Sunday, August 20

Seismic Opening Office in Sydney, Australia

Seismic Software Inc., one of San Diego’s fastest-growing software firms, is going Down Under.

Blackstone Group Refinances Hotel Del

Unable to sell off Hotel del Coronado last year, owner Blackstone Group has instead decided to refinance the iconic property.

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PayLease's Loss of an Executive May Be Gain for Tech Startups

Sheldon Lewis, vice president of business development for PayLease, is leaving the company to pursue investing in technology startups on a full-time basis.

Last Chance to Make Your Nominations for 2017 Manufacturing Awards

The deadline for nominations for the 2017 Manufacturing Awards is Friday, Aug. 25.

The Business Calendar for the Week of August 21, 2017

Some of the business events planned for the week of August 21, 2017, and beyond.

County Unemployment Rate Ticks Up in July

San Diego County’s unemployment rate in July was 4.7 percent, up from 4.3 percent the prior month, though lower than the year-ago rate of 5.1 percent.

Bay City Brewing Expands Facilities

Bay City Brewing Co. announced it had opened Suite C, a 2,100-square foot addition to the brewery’s Point Loma location.

Industrial Building Sells for $11.5 Million

The local regional office of Dallas-based Lincoln Property Co. has acquired an industrial facility in San Diego’s Morena neighborhood for $11.5 million, according to brokerage firm Cushman & Wakefield and CoStar Group data.

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Friday, August 18

Seismic Software Opening Office in Sydney, Australia

Seismic Software Inc., one of San Diego’s fastest-growing software firms, is going Down Under.

PayLease's Loss of an Executive May Be a Gain for Tech Startups

Sheldon Lewis, vice president of business development for PayLease, is leaving the company to pursue investing in technology startups on a full-time basis.

San Diego Industrial Building Sells for $11.5 Million

The local regional office of Dallas-based Lincoln Property Co. has acquired an industrial facility in San Diego’s Morena neighborhood for $11.5 million, according to brokerage firm Cushman & Wakefield and CoStar Group data.

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Blackstone Group Refinances Hotel Del Coronado

Unable to sell off Hotel del Coronado last year, owner Blackstone Group has instead decided to refinance the iconic property.

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Business Calendar for Week of August 21, 2017

Some of the business events planned in the county for the week of August 21, 2017, and beyond.

Bay City Brewing Co. Expands Facilities

Bay City Brewing Co. announced it had opened Suite C, a 2,100-square foot addition to the brewery’s Point Loma location.

Thursday, August 17

Helix to Bolster Offerings at Illumina Accelerator

The startup accelerator founded by San Diego’s DNA tech giant Illumina Inc. is teaming up with Helix, a fast-growing Illumina spinout, to better help early-stage genomics companies.

Kellermeyer Bergensons Services Acquires Varsity Facility Services

Oceanside-based Kellermeyer Bergensons Services (KBS), which provides interior and exterior property services to retailers, grocers and multi-site customers in North America, announced Thursday that it purchased Varsity Facility Services.

Fire Scouts Getting Some Flying Time

The Navy is pushing the envelope with Northrop Grumman Corp.’s remotely piloted Fire Scout unmanned helicopter, which the Navy is deploying aboard its Littoral Combat Ships (there are two Fire Scouts on the San Diego-based USS Coronado). Northrop (NYSE: NOC) manages the Fire Scout program in Rancho Bernardo.

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Pentagon Official Informed of S.D.’s Capabilities

The Pentagon’s acting chief information officer, John Zangardi, was in San Diego last week to tour eight San Diego tech companies. More than 20 senior military, government and international leaders in information warfare also participated in the tour Aug. 14-15.

Systems Successfully Tested

The recently commissioned aircraft carrier USS Gerald R. Ford trapped and then catapulted its first aircraft using next-generation “digital” systems designed and built by San Diego-based General Atomics Electromagnetic Systems. The events took place July 28 in the Atlantic Ocean near Virginia.

Raising Cane’s to Spice Up Competition

A fast-rising national player in the game of fast-food chicken, Louisiana-based Raising Cane’s Chicken Fingers, is about to make its first local arrival in the city of Santee.

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Is It Time to Put Your Money in Storage?

The brokerage firm Marcus & Millichap anticipates that San Diego County’s rising housing unit completions, especially on the apartment side, will translate into increasing demand for self-storage units this year.

Deal-Making Heats Up in Escondido

It may just be a matter of coincidence, but the city of Escondido lately seems to have emerged as a major epicenter for the region’s high-profile commercial deals and projects in categories ranging from medical office buildings to apartments and industrial sites.

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The (Mis)adventures of Early-Stage Startups

It takes loads of determination, a willingness to risk it all and often a hefty dollop of humor to discover whether an idea is worth it. What sounds good to an entrepreneur may sound downright foolish to prospective investors. When push comes to shove, it’s up to the startup to prove its product has value. Sometimes, that takes odd paths, as evidenced in these three tales.

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OPINION: Why We Should Be Teaching Entrepreneurship

San Diego, like many cities across the U.S., has a major student-readiness problem. Fewer than 4 in 10 California high school students complete requirements needed to be eligible to attend California’s public universities. A large majority of California high school students are simply not taking the courses needed to prepare them for college.

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Hospice Honored for Its Service to Veterans and Their Families

The Elizabeth Hospice announced that it received the Disabled American Veterans Outstanding Midsize Employer of the Year during the 96th DAV National Convention in New Orleans.

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Flux Power Holdings to Conduct Reverse Stock Split

Flux Power Holdings Inc. of Vista said it plans to conduct a reverse stock split on Aug. 18.

North City Looks to Check All The Boxes in Smart Growth

PROPERTY: Project Creates Urban-Style Hub With Diverse Elements More than 25 years after the opening of California State University San Marcos, the city is now seeing elements of a long-sought “colleg

More than 25 years after the opening of California State University San Marcos, the city is now seeing elements of a long-sought “college town’’ come together near state Route 78.

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Getting There: The Golden Triangle

Massive Development Is Shaping a Transit-Friendly Employment Hub While Testing Commuters’ Patience

As San Diego braces for potentially more gridlock in the already congested Golden Triangle area — fueled by dozens of public and private construction projects moving forward over the next five years — the consensus among local commercial real estate brokers is that patience will be rewarded in the long run.

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Chris Pond Named President of Burwood Cloud Services

Burwood Group Inc. — a Chicago-based business with an operations center in Scripps Ranch — has named Chris Pond president of Burwood Cloud Services.

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Plevin Recognized for His Expert Work in Employment Law

Fred M. Plevin, managing partner of Paul, Plevin, Sullivan & Connaughton LLP, has been elected to The College of Labor and Employment Lawyers as a new Fellow. Election as a Fellow is the recognition by colleagues of outstanding performance in the profession, exemplifying integrity, dedication and excellence. Plevin is all those. He joins just seven other San Diego-based labor and employer lawyers as a Fellow, including two of his long-time partners, Richard A. Paul and J. Rod Betts.

Last Chance To Nominate for the 2017 Manufacturing Awards

The deadline for nominations for the 2017 Manufacturing Awards is Friday, Aug. 25.

Company Sees Big Opening For Reusable Bottle Stoppers

MARKETING: Licensing Opportunities Pursued to Create Promotional Items

The first product created by a Point Loma husband-and-wife team — a more identifiable reusable, recyclable bottle stopper — is scheduled to appear for sale at the University of San Diego this fall.

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Carl Wright Joins AttackIQ

AttackIQ has named Carl Wright as chief revenue officer. The San Diego-based cybersecurity software maker announced the move on Aug. 17.

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Chula Vista Restaurant Fined $274,000 by State Labor Commissioner

The owner of Chula Vista restaurant La Querencia has been fined more than $274,000 for multiple wage theft and labor law violations by the Labor Commissioner's Office, a division of the California Department of Industrial Relations.

Executive Q&A Marty Birkel, Ballast Point Brewing Co.

Already the largest San Diego-based beer-maker — and now the 13th biggest in the U.S. based on 2016 production volume — Ballast Point Brewing Co. has been ramping up its new East Coast production facilities in Virginia. The company in June opened a tasting room in suburban Roanoke, where the brewer has invested nearly $50 million in its newest operations.

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Partnership Mounts a More Sustainable Attack on Algae

GREEN: AECOM to Help BLOOM Scale Its Harvesting, Production Process

Solana Beach-based materials development company BLOOM Holdings LLC has partnered with AECOM, one of the world’s largest engineering firms, on a new way of managing harmful algae blooms in lakes, reservoirs and river systems.

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Rastetter Brings Impressive Credentials, Clout to Grail

BIOTECH: New CEO Replaces Former Google Exec Huber

A heavyweight in local biotech is taking over the reins at San Francisco startup Grail, assuming the role of chief executive officer from ex-Googler Jeffrey Huber.

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Cubic Says R&D Expenses Will Pay Off

Research-and-development costs for future transportation projects as well as other charges dragged down Cubic Corp.’s financial results for the first three quarters of fiscal 2017, though the company promised shareholders good things ahead.

From Hair Removal to Assays, Co. Plays Big and Small Roles

BIOTECH: Use of Nanoparticles May Aid Organ Donation

NanoComposix Inc. is growing on the strength of some very small products.

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Bitmo Using Gift ‘Cards’ To Solidify Relationships

TECH: Users Brought Into Fold; End Game Is Banklike Services

Carlsbad-based fintech startup Bitmo Inc., which previously aimed to turn its app into the mobile alternative of choice to carrying payment cards, has stripped down the product and turned it into a delivery system for social gifting.

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Trovagene Puts One Problem Behind It

BIOTECH: Legal Settlement Is Costly; Other Hurdles Remain

Local biotech Trovagene Inc. has resolved a year-long legal dispute between the company and two of its former executives, a resolution that cost Trovagene and its insurers more than $2 million.

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Verimatrix’s Software Navigates Sea of Content Piracy

TECH: Co. to Use Analytics on Defense and Offense for Clients

Verimatrix Inc. keeps those who won’t pony up for online content from watching it, a sought-after service in the age of digital streaming.

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Rubio’s Caters to Florida’s Tastes

DINING: Marketing Sells the Food Rather Than the Eatery’s Story

Call it a tale of two coasts. In California, the marketing for Rubio’s Coastal Grill has long leaned on the story of co-founder Ralph Rubio getting hooked on fish tacos while on a Baja camping trip in 1974, and later giving the U.S. its first taste of the fare in a walk-up stand in Mission Bay.

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Wednesday, August 16

Business Outlook Index Remains 'Solidly Positive'

The San Diego Regional Chamber of Commerce’s latest business outlook index, released Wednesday, shows sentiment is "in solidly positive territory," and that 29 percent of businesses surveyed anticipate taking action to counteract the upcoming minimum wage increase.

New Carrier Launching Direct Flights Between Carlsbad, Las Vegas

Locally based commercial carrier Cal Jet by Elite Airways plans a Sept. 28 launch of service between Carlsbad and Las Vegas.

Westcore Enters Portland Investment Market with $38.7M Industrial Deal

San Diego-headquartered Westcore Properties has acquired an industrial park in Vancouver, Wash., for $38.7 million, marking the investment company’s entrance into the Portland, Ore., metro market.

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Emmes Renovating Lobby, Plaza at Downtown Tower

Property owner Emmes Realty Services of California LLC has begun a multimillion-dollar renovation of the Seventh Avenue plaza and atrium lobby at its office tower at 701 B St. in downtown San Diego.

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Qualcomm Acquiring Dutch AI Company

Qualcomm Inc. is buying Scyfer BV, a Dutch artificial intelligence business founded by a professor at the University of Amsterdam.

Green Flash Brewing Expands Production Into Nebraska

San Diego-based Green Flash Brewing Co. plans to expand into Nebraska, with a Lincoln production facility and tasting room set to open by the end of this year.

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Cheryl Goodman Leaving Athena for Sony Electronics

Cheryl K. Goodman, head of Athena San Diego, a professional association for women in science and technology in Southern California, has been hired as head of corporate communications by Sony Electronics Inc.

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Tuesday, August 15

CureMatch Gets Seed Funding

San Diego software startup CureMatch Inc. has received an undisclosed amount of seed funding from Midwest venture capital firm Serra Ventures and tech entrepreneur Phil Trubey.

Federal Grant to Power Development of Morphine Sensor

CARI Therapeutics, a business in residence at UC San Diego, has received federal funds to develop an implantable biosensor that could detect opioids in the bodies of patients recovering from drug problems.

Bruce Littman Named EVP at One America News

San Diego-based Herring Networks Inc., parent company of cable networks One America News (OAN) and A Wealth of Entertainment (AWE), has hired cable industry veteran Bruce Littman as executive vice president of content distribution.

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Silvergate Bank Reaches the Billion-Dollar Milestone

Total assets at La Jolla-based Silvergate Bank topped $1 billion for the first time in the bank's history during the second quarter, the bank reported Tuesday.

Encinitas Firm's Tech Behind GoDaddy Telephone Service

GoDaddy Inc. has rolled out a small business telephone service called SmartLine using technology developed with the help of its recent acquisition, Encinitas-based Freedom Voice.

Escondido Construction Firm Awarded Pentagon Contract

Herman Construction Group Inc., a small business based in Escondido, recently received a $9.4 million contract modification to design and build a structure at Vandenberg Air Force Base in Santa Barbara County.

Next Frontier for Amazon: Faster Delivery of Munchies

Amazon Inc. continues to grow its presence in San Diego County. And students at UC San Diego likely will be among the next beneficiaries of super-quick delivery of snacks, drinks and other college essentials, via another new offering from the e-commerce giant.

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NuVasive Appoints New CFO

San Diego medical device maker NuVasive on Wednesday announced the appointment of a new executive vice president and chief financial officer, the latest change to its executive team following a recent restructuring.

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Monday, August 14

Businessmen Say 200-Plus Support Temporary Housing Plan for Homeless

Two San Diego businessmen who advocate a plan to build temporary housing for San Diego’s homeless population released a list of more than 200 supporters on Aug. 14.

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Golf Legend Johnny Miller Signs On for Redesigns at Warner Springs Ranch

Operators of Warner Springs Ranch Resort have signed a deal with pro golf hall-of-famer and broadcaster Johnny Miller and his namesake course design firm for upcoming improvements to the North County property.

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Marcos Milla Joins Synthorx

Synthetic biology startup Synthorx Inc. has brought on Marcos Milla, an executive with an academic and Big Pharma background, to serve as the company’s senior vice president of research.

New Industrial Facility Planned After $4.68M Santee Land Buy

An entity listed as Cuyamaca West Partners LLC of El Cajon has acquired a 7.28-acre industrial land parcel in Santee for approximately $4.68 million, according to CoStar Group and public data.

Cheap Backwoods Assay Would Pinpoint Insidious Disease

Encounters with ticks are a bad byproduct of a pleasant walk in the woods. A San Diego company is harnessing technology found in home pregnancy tests to help hikers and outdoor enthusiasts determine if a tick bite presents a risk for Lyme disease.

Avalon Ventures Loses Key Player

A long-time venture capitalist and active player in San Diego’s startup community has resigned from his near-decade post as a venture capitalist for Avalon Ventures.

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Funding Round to Boost Workforce at PetDesk

Tech startup PetDesk, which just raised a $2.1 million Series A round in June, is beefing up its local headcount to employ 75 people in San Diego.

Navy Awards Two Contracts

The U.S. Navy awarded Soltek Pacific Construction Co. a task order to design and build the Special Operations Forces Human Performance Training Center at Naval Base Coronado — part of the 10-year plan to build an $800 million campus for the Navy SEALs.

Construction Starts on New Medical Office Complex in Escondido

Construction has started on the first of what will be a three-building, privately financed medical office complex on the campus of Palomar Medical Center in Escondido.

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Sunday, August 13

What's Missing From the Personal Investment Strategies of San Diegans?

San Diegans have more confidence than the average American that they will reach their investment goals, but do the activities that would help them achieve those goals less often than the national average.

Navy Adds Possible $123 Million to ViaSat's Radio Systems Contract

he U.S. Navy cleared the way for ViaSat Inc. to produce more software-defined radios called MIDS JTRS, and sustain those electronics. The development could be worth more than $100 million to ViaSat (Nasdaq: VSAT).

Construction Starting on Retail Center, Hotel at Millenia in Chula Vista

Developers have slated an Aug. 15 ground-breaking for the Millenia Commons retail center and a 135-room Ayres Hotel, being built at the Millenia mixed-use development in Chula Vista.

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GSK Jumps Ship as Ionis Prepares for Key Commercialization of New Drug

Ionis Pharmaceuticals has been dropped by its big pharma partner, GlaxoSmithKline, just before the Carlsbad drugmaker was about to file for marketing approval of a new drug.

Operator of Rock ’n’ Roll Marathon Plans Local Job Cuts

Competitor Group Inc., which owns the popular Rock ’n’ Roll Marathon series of long-distance running events that started in San Diego in 1998, has informed the state that it plans to lay off up to 145 local workers effective Nov. 15, as its new parent company moves personnel to its global headquarters in Florida.

Greystone Completes First Phase of $7 Million Renovation at Bristol Hotel

Operator Greystone Hotels has completed the first phase of a planned $7 million renovation at its downtown San Diego property, known as The Bristol San Diego.

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The Business Calendar for the Week of August 14, 2017

Some of the business events planned in the county for the week of August 14, 2017, and beyond.

DJO Reports Q2 Results for Subsidiary, Emphasizes Transformation Plan

San Diego medical technology company DJO Global posted a bump in net sales in the second quarter at its subsidiary DJO Finance LLC while repeatedly emphasizing an operations transformation plan.

Turtle Beach Reports Net Revenue of $19.2M in Q2

San Diego-based Turtle Beach Corp., which makes gaming headsets and accessories, reported a net loss of $7.1 million on net revenue of $19.2 million in its second quarter, which ended June 30.

Heritage Global Reports Q2 Results

Heritage Global Inc., a San Diego-based company that conducts liquidation transactions and valuations for distressed and surplus corporate and financial assets, announced a second-quarter loss of about $200,000 on total revenue of about $4.8 million.

Friday, August 11

Rock ’n’ Roll Marathon Operator Plans Local Job Cuts

Competitor Group Inc., which owns the popular Rock ’n’ Roll Marathon series of long-distance running events that started in San Diego in 1998, has informed the state that it plans to lay off up to 145 local workers effective Nov. 15, as its new parent company moves personnel to its global headquarters in Florida.

GSK Jumps Ship as Ionis Pharmaceuticals Prepares for Key Commercialization of New Drug

Ionis Pharmaceuticals has been dropped by its big pharma partner, GlaxoSmithKline, just before the Carlsbad drugmaker was about to file for marketing approval of a new drug.

Navy Adds $123M to ViaSat's Radio Contract

The U.S. Navy cleared the way for ViaSat Inc. to produce more software-defined radios called MIDS JTRS, and sustain those electronics. The development could be worth more than $100 million to ViaSat (Nasdaq: VSAT).

Operator Completes First Phase of $7M Renovation at Bristol Hotel

Operator Greystone Hotels has completed the first phase of a planned $7 million renovation at its downtown San Diego property, known as The Bristol San Diego.

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Business Calendar for Week of August 14, 2017

Some of the business events planned in the county for the week of August 14, 2017, and beyond.

DJO Reports Subsidiary’s Q2 Results, Emphasizes Its Transformation Plan

San Diego medical technology company DJO Global on Thursday posted a bump in net sales in the second quarter at its subsidiary DJO Finance LLC while repeatedly emphasizing an operations transformation plan.

Construction Starting on Retail Center, Hotel at Millenia

Developers have slated an Aug. 15 ground-breaking for the Millenia Commons retail center and a 135-room Ayres Hotel, being built at the Millenia mixed-use development in Chula Vista.

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Turtle Beach Corp. Reports Net Revenue of $19.2M in Q2

San Diego-based Turtle Beach Corp., which makes gaming headsets and accessories, reported a net loss of $7.1 million on net revenue of $19.2 million in its second quarter, which ended June 30. The business reported its financial results on Aug. 10.

What's Missing From San Diegans' Personal Investment Strategies?

San Diegans have more confidence than the average American that they will reach their investment goals, but do the activities that would help them achieve those goals less often than the national average.

Thursday, August 10

Sorrento Mesa Office Building Sells for $16.3 Million

Rancho Santa Fe-based Premier Realty Holdings Inc. has acquired the Wateridge Pavilion office building in Sorrento Mesa for $16.3 million, according to brokerage firm CBRE Group Inc.

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Q3 Net Income Up for Jack in the Box, But Short of Expectations

Jack in the Box Inc. (Nasdaq: JACK) on Thursday reported net earnings of $36.4 million on revenues of $357.8 million for the quarter that ended July 9, the third quarter of the company’s fiscal 2017, an improvement over the same third quarter in 2016 when the company reported $30.1 million on revenues of $368.9 million.

An Audubon Land Deal, Plus 2 Coming Business Arrivals

A local chapter of The Audubon Society, the prominent nature-preservation organization, has acquired approximately 31.2 acres of vacant land in Oceanside for $1.56 million, with plans to conserve it as an open space in perpetuity. Brokerage firm Lee & Associates said the land on Muirfield Drive and Rivertree Drive — near Camp Pendleton and Mission San Luis Rey — is currently unentitled.

Medical Office Diagnosis: Good for Landlords

Landlord-friendly metrics in San Diego County’s medical office property market may help explain why two large East Coast investment firms recently decided to enter the East County market with a big $33 million acquisition in La Mesa.

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County Looking for Developer For Multiblock Downtown Site

With court operations now shifting into a sparkling new $555 million downtown facility, officials are open to ideas for what replaces the old, 1960s-vintage San Diego County Courthouse.

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Co. Found an Opening in Subscription Box Trend

Men’s T-Shirts Are Selling in an Increasingly Tough Marketplace

Matthew and Melissa Parvis jumped on the subscription box trend just in time to claim a sliver of an increasingly fragmented pie. Newcomers to the crowded market, however, will have to fight to survive.

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Halozyme Receiving More Royalty Payments

Local drugmaker Halozyme Inc. is seeing an uptick in royalty payments from the company’s Enhanze technology, which is partnered with several Big Pharmas.

Precision Approach Will Evolve Higher Ed

San Diego is home to a growing number of companies that are leveraging advanced technologies, data analytics and predictive models to address our society’s greatest challenges.

KB Home Plans San Diego Townhomes After $9.73 Million Land Purchase

An affiliate of Los Angeles-based homebuilder KB Home has acquired a 3.47-acre land parcel in San Diego’s Pacific Highlands Ranch community for $9.73 million, with plans to develop 69 townhomes, according to brokerage firm Colliers International Group Inc.

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Coronado Apartments Sold for $4.9 Million

Hale Real Estate Partners LLC of San Diego has purchased a 12-unit apartment property in Coronado for approximately $4.9 million, according to brokerage firm South Coast Commercial Inc.

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Festival Helps Surgical Team Go the Extra Mile to Help

The Scripps Mercy Outreach Surgical Team, or M.O.S.T., celebrated its 30th anniversary in style with a Mariachi Festival at Humphreys by the Bay.

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Love of Nature and Love of the Past Combine in Julian Home

Standing at the end of Daley Flat Road in Julian is an otherworldly experience. The serene, untamed landscape overlooks mountain ranges and valleys, stands of majestic old oaks and fields of wildflowers. Just more than an hour from the heart of downtown San Diego, there is no din from a distant city, no other structures are within view — nothing but silence and vast open spaces.

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San Diego County Hotel Deal Volume Rose 70 Percent in First Half

San Diego County’s hotel property deal volume rose 70 percent from a year ago in the first half of 2017, as transaction dollar volume increased 54 percent, according to a mid-year report from brokerage and research firm Atlas Hospitality Group.

Those Software-Engineer Dollars Do Well in S.D. Comparatively

ECONOMY: ‘Real Earnings’ Locally Top San Francisco, L.A.

San Diego doesn’t have the most software engineering job openings in the nation. The ones it has, however, are definitely worth grabbing.

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LRAD Reports Q3 Revenue of $4.1 Million

LRAD Corp., the Rancho Bernardo business that makes specialized acoustic products for the military, governments and industry, reported a net loss of $528,000 on revenue of $4.1 million in its third quarter, which ended June 30.

The Myths of Cloud Computing

Figuring Out the True Costs, Risks And Complexities of the Cloud

Cloud computing is awash in myths and assumptions. The technology — which goes by the name “Software as a Service” or other names — is still poorly understood in many quarters.

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Program Helps Pave the Way for Cos. Looking to Export

TRADE: Organizer Highlights Opportunities For Service Economy, Too

Coronado Brewing Co. aims to have its beer in Italian hands next year. Guru, the startup that works with cultural institutions to provide visitors with a digital experience, is eying museums in Singapore.

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DHS Clears Some Legal Hurdles to Border Wall With Waiver

BUILDING: Variety of Land Management Laws May Be Circumvented

If it ever gets started, the proposed border wall between the U.S. and Mexico won’t have to abide by environmental and other laws that would otherwise impact a construction project in San Diego County.

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Executive Q&A Tom Wornham, San Diego Private Bank

Tom Wornham spent more than 30 years working at Wells Fargo, where he supervised thousands of employees.

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Slater’s Brand Deal May Bring Home the Bacon

FOOD: Jensen Meat to Make The Burger Patties for Retail

Slater’s 50/50 restaurants have had no problem pulling in customers to try the meat-centric chain’s signature half-ground beef, half-bacon burgers.

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Density Is a Big Divider For SDSU, SoccerCity

PROPERTY: Ballot Measure Hurts Chance for Compromise

San Diego State University finally stepped from the sidelines and entered the field of play late last month with its bid to be the master developer of the Mission Valley site of Qualcomm Stadium.

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Women Founders: How To Get Men to Relate

FINANCE: Dearth of VC Due in Part to Lack of Understanding Products

There’s a clear and well-documented gender gap when it comes to scoring startup capital from investors. Women entrepreneurs receive less cash (less often) than men.

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Wednesday, August 9

Two Venture Capitalists Named to Sirenas Board

Sirenas LLC, which uses deep data mining to advance drug discovery, has appointed two directors with venture capital experience to its board.

American Medical Response to Be Acquired in $2.4 Billion Deal

American Medical Response, or AMR, which provides ambulance services in San Diego and across the country, will be acquired under a $2.4 billion cash deal announced Tuesday.

S.D. Defense Contractor Says It Could 'Protect and Defend' U.S., Japan and South Korea

Amid escalating tensions between the U.S. and North Korea, a San Diego defense contractor is asserting that remotely piloted aircraft such as the ones it manufactures might have a role to play in missile defense.

Saudi Arabia Awards 4-Year Contract to Kratos

The government of Saudi Arabia awarded San Diego-based Kratos Defense & Security Solutions Inc. up to $46.2 million worth of business over the next four years.

Chula Vista Industrial Park Sells for $18 Million

Los Angeles investors George Rollins and Frederick Rollins have acquired a Chula Vista industrial park for $18 million, according to CoStar Group and public data.

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AlliedPRA Acquired by N.Y.-Based Private Equity Firm

San Diego-based business event management firm AlliedPRA has been sold to CI Capital Partners LLC, a New York-based private equity firm.

Vista Office Property Sold for $9.85 Million

An affiliate of San Diego-based Coseo Properties Inc. has purchased a three-building Vista office property for $9.85 million, according to brokerage firm Cushman & Wakefield.

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EvoNexus’ Downtown Exit May Hurt and Help

STARTUPS: Incubator’s Benefit Is Hit to Tech Hub

EvoNexus, the oldest and most well-known startup incubator in San Diego, is closing its downtown location and consolidating into a new facility in University Town Center.

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EvoNexus Closing Downtown Office, Moving to UTC

EvoNexus, the oldest and most well-known startup incubator in San Diego, is closing its downtown location and consolidating into a new facility in University Town Center.

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Tuesday, August 8

Parallel 6 Acquired by North Carolina Co. for $39.4 Million

Publicly held contract research organization PRA Health Sciences Inc. recently acquired San Diego's Parallel 6 Inc. (P6), which provides enterprise software for clinical trial management, for $39.4 million.

Aya Healthcare Acquires Indiana Staffing Company

In a move expanding the presence of San Diego-based Aya Healthcare in the Midwest, the provider of travel nursing and hospital workforce solutions announced Tuesday that it acquired RN & Allied Specialties (RNS), a nurse and allied staffing agency.

U.S. to Review Qualcomm's Complaint About Apple

The U.S. International Trade Commission said on Aug. 8 that it will follow up on a complaint filed by Qualcomm Inc. and will launch an investigation into Apple Inc.

Encore Capital Reports Q2 Net Income of $20.3 Million

Encore Capital Group, the San Diego-based buyer of defaulted credit card debt, reported net income of about $20.3 million on revenues of $290.9 million in the second quarter of 2017.

SeaWorld Entertainment Inc. Names New CFO

SeaWorld Entertainment Inc., the parent company of SeaWorld San Diego, announced the appointment of Marc G. Swanson as chief financial officer and treasurer, effective immediately. Swanson had been serving in these positions on an interim basis since Aug. 1.

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Marketing, Engineering Firms Moving to Emmes’ Downtown Tower

Digital marketing agency iProspect and engineering consulting firm Syska Hennessy Group have signed leases to relocate their local operations to downtown San Diego’s 1 Columbia Place office tower, according to property owner Emmes Realty Services of California LLC.

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Scripps Health Bests UC San Diego Health in ‘Best Hospitals’ List

Two Scripps Health hospitals - Scripps Green Hospital and Scripps Memorial Hospital La Jolla - ranked No. 1 regionally in U.S. News & World Report’s annual “Best Hospitals” list, dethroning UC San Diego Health, which had captured the top spot in each of the six prior years.

Amid Restructuring, Inseego Corp. Reports Q2 Net Loss of $12M

Inseego Corp., the San Diego business formerly known as Novatel Wireless, reported a second quarter net loss of $12.0 million, or 21 cents per share, on net revenues of $59.9 million. The business made its quarterly results public on Aug. 7; the quarter ended June 30.

Temperature Rising for Region’s Medical Office Property Market

Medical office properties have become hot commodities in San Diego County this year, and the region now has its latest case in point.

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SeaWorld Parent Reports Rough First Half Despite New Attraction Openings

Still struggling with attendance issues, the parent company of SeaWorld San Diego reported a slight gain from a year ago in revenue for its second quarter ending June 30, but posted a net loss for both the second quarter and first half of 2017.

Ionis Revises Guidance Based on Strong Drug Sales

Revenue is soaring for Carlsbad drugmaker Ionis Pharmaceuticals Inc. thanks to an uptick in one drug’s sales during the second quarter.

Monday, August 7

Issa Open to Idea of Value-Added Tax on Imports

During a gathering Monday with business leaders about North America Free Trade Agreement renegotiations, U.S. Rep. Darrell Issa said it’s fair to consider a value-added tax on imports.

UC San Diego Health Moves Electronic Medical Records System to Cloud

As part of a shift away from traditional data centers, UC San Diego Health today announced that it moved its electronic medical records system to the cloud to help meet industry standards designed to safeguard patients’ health information.

San Diego Drugmaker Partners With German Distributor

San Diego’s weight-loss drugmaker Orexigen Therapeutics Inc. is teaming up with a German distributor that will handle Orexigen’s sales in Germany, France, and Austria.

Padres Marketing Exec: 'Control the Controllables'

Wayne Partello realizes he has no control over the baseball games at Petco Park — at least what happens on the field. But the executive sweats the details about the rest of the ballpark experience.

San Diego Ranks Fourth Among Meeting Destinations in Annual Survey

San Diego ranks fourth among major North American markets as a destination for meetings, in an annual survey of meeting planners by research firm STR.

Perpetual Capital, CR3 Capital Acquire Garden Fresh Restaurants

San Diego-based restaurant chain Garden Fresh Restaurants Corp., parent of Souplantation and Sweet Tomatoes, has been acquired by Perpetual Capital Partners and CR3 Capital, an investment affiliate of CR3 Partners LLC.

Escondido Apartment Property Sold for $90 Million

Los Angeles-based TruAmerica Multifamily, in a joint venture with insurer Allstate Corp., has acquired a 519-unit Escondido apartment property for approximately $90 million, the buyers announced.

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Biocept, Scripps Health Reach Deal on Cancer Tests

San Diego’s Biocept Inc. has inked a deal with Scripps Health making Biocept the system’s preferred provider for cancer-related liquid biopsy tests.

Sunday, August 6

CUSO, Sorrento Pacific Selling to Private-Equity-Backed New York Company

San Diego-based sister companies CUSO Financial Services LP (CFS) and Sorrento Pacific Financial (SPF) have agreed to be acquired by a newly formed New York-based holding company, Atria Wealth Solutions.

Judge Approves Settlement Reached in Qualcomm Gender Discrimination Lawsuit

A federal judge has approved settlement of a class-action gender discrimination lawsuit filed in July 2016 by seven women against Qualcomm Inc.

Airport Completes $291 Million Sale of Revenue Bonds

Operators of San Diego International Airport recently completed a sale of more than $291 million in revenue bonds, at an interest rate that is the lowest earned in the airport’s history, at 3.74 percent.

Sempra Reports Revenue of $2.53 Billion for Q2

Sempra Energy reported earnings of $259 million, or $1.03 per share, on revenue of $2.53 billion in the quarter ending June 30.

The Business Calendar for the Week of August 7, 2017

Some of the business events planned in the county for the week of August 7, 2017, and beyond.

Escondido Industrial Land Parcels Sold for $11.5 Million

Pennsylvania-based Exeter Property Group has acquired two Escondido industrial land parcels totaling 10.9 acres for $11.5 million, with plans to build a distribution center project, according to CoStar Group and public data.

Microlender Accion's Loan Portfolio Reaches $5.8M in 2016

The loans disbursed in 2016 by nonprofit San Diego-based microlender Accion helped maintain or generate 730 jobs, the organization said in its recently published annual report.

Pfenex Inc. Names Schimmelpennink Its New CEO

San Diego-based biotechnology company Pfenex Inc. announced it has appointed a new chief executive, Evert (Eef) Schimmelpennink.

Roofing Firm Buys Escondido Industrial Building for $2.2 Million

Locally based Sylvester Roofing has acquired an industrial building in Escondido for $2.2 million, exercising an option to purchase the property where it had previously been leasing space, according to brokerage firm Lee & Associates.

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Chelsea Begins Work on $26.7 Million Farmworker Housing Project

Carlsbad-headquartered developer Chelsea Investment Corp. recently broke ground on a $26.7 million, 80-unit complex of affordable farmworker apartments in the city of Coachella in Riverside County.

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UC San Diego Names Elizabeth Simmons Executive Vice Chancellor for Academic Affairs

Following an "extensive" international recruitment process UC San Diego has appointed Elizabeth H. Simmons executive vice chancellor for academic affairs, effective Sept. 18.

Friday, August 4

CUSO, Sorrento Pacific Selling to Private-Equity-Backed New York Co.

San Diego-based sister companies CUSO Financial Services LP (CFS) and Sorrento Pacific Financial (SPF) have agreed to be acquired by a newly formed New York-based holding company, Atria Wealth Solutions.

Settlement Reached in Qualcomm Gender Discrimination Lawsuit

A federal judge has approved settlement of a class-action gender discrimination lawsuit filed in July 2016 by seven women against Qualcomm Inc.

Business Calendar for Week of August 7, 2017

Some of the business events planned in the county for the week of August 7, 2017, and beyond.

Roofing Firm Buys Escondido Industrial Building for $2.2M

Locally based Sylvester Roofing has acquired an industrial building in Escondido for $2.2 million, exercising an option to purchase the property where it had previously been leasing space, according to brokerage firm Lee & Associates.

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Chelsea Begins Work on $26.7M Farmworker Housing Project

Carlsbad-headquartered developer Chelsea Investment Corp. recently broke ground on a $26.7 million, 80-unit complex of affordable farmworker apartments in the city of Coachella in Riverside County.

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Airport Completes $291M Sale of Revenue Bonds

Operators of San Diego International Airport recently completed a sale of more than $291 million in revenue bonds, at an interest rate that is the lowest earned in the airport’s history, at 3.74 percent.

Microlender Accion's Loan Portfolio Reaches $5.8 Million in 2016

The loans disbursed in 2016 by nonprofit San Diego-based microlender Accion helped maintain or generate 730 jobs, the organization said in its recently published annual report.

UC San Diego Names Simmons Executive Vice Chancellor for Academic Affairs

Following an "extensive" international recruitment process UC San Diego has appointed Elizabeth H. Simmons executive vice chancellor for academic affairs, effective Sept. 18.

Thursday, August 3

Biotech Firm BioLegend Starts Construction on New $100M Campus

San Diego-based Biotech firm BioLegend Inc. has begun work on a new campus in Miramar, with an expected project cost of more than $100 million.

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Chula Vista Industrial Property Acquired for $13.4 Million

Encinitas-headquartered Stos Partners has acquired a two-building industrial property in Chula Vista for approximately $13.4 million, the company announced.

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Neurocrine Biosciences Seeing Strong Sales for New Drug

Sales are starting to roll in for the newly launched medicine developed by San Diego drugmaker Neurocrine Biosciences Inc.

Beverly Hills Home to San Diego Private Bank's 5th Branch

San Diego Private Bank opened its fifth branch July 31 in Beverly Hills.

Airport Completes $291 Million Sale of Revenue Bonds

Operators of San Diego International Airport recently completed a sale of more than $291 million in revenue bonds, at an interest rate that is the lowest earned in the airport’s history, at 3.74 percent.

Biotech Veteran Bill Rastetter Named CEO at Grail

A heavyweight in local biotech is taking over the reins at San Francisco startup Grail, assuming the role of chief executive officer from ex-Googler Jeffrey Huber.

Callaway Golf to Acquire TravisMathew for $125.5 Million

Continuing to plant its flag in markets adjacent to its core business, Callaway Golf Co. said Aug. 3 that it agreed to buy clothing retailer TravisMathew LLC for $125.5 million in cash.

Cubic Reports Q3 Net Loss of $22 Million

Cubic Corp. reported a net loss of $22.0 million on sales of $361.9 million for its third quarter, which ended June 30.

Navy Issues Draft RFP for Carrier-Based Drone

The U.S. Navy has taken another small step toward building its first production aircraft that will launch from an aircraft carrier deck.

Fundraising at Two Local Biotechs

Amplyx Pharmaceuticals Inc., a local drugmaker led by biotech industry veterans, has raised $67 million as part of an equity round led by Menlo Park-based Sofinnova Venture Partners.

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Clinical Trials Lend Legitimacy to Samumed’s Sky-High Valuation

Local medicine maker Samumed has come one step closer to realizing its lofty $12 billion valuation after wrapping up an experiment involving one of its most valuable medicines.

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Private Bancorp Opens Beverly Hills Office

Just over a decade after San Diego Private Bank was founded, its La Jolla-based parent company Private Bancorp of America Inc. (PBAM) has debuted a new location.

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Two Groups, One Pitch

Two powerhouse startup groups are ditching solo acts and teaming together for the first time to put on a pitch competition with more cash and (it is hoped) a bigger audience.

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Innovation Economy Making Solid Progress

San Diego’s innovation economy is slowly picking up steam, with more startups popping up and more capital streaming in to fund them.

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S.D. Manages to Avoid Downbeat National Retail Trends

Various U.S. retailers in recent months have announced a total of 6,000 store closings either underway or in the works for 2017.

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Keep Freedom in Landlord-Tenant Representation

Earlier this year, Hughes Marino, a tenant rep brokerage firm based in San Diego, sponsored California Assembly Bill 1059. If enacted, that bill would have outlawed dual agency in all commercial, industrial and retail transactions. Fortunately, serious reservations by several judiciary committee members, both Democrat and Republican, derailed the bill for this year’s session. However, Hughes Marino will likely make a similar attempt in the future, most likely during the 2018 session.

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Friends of Balboa Park Rides to Rescue Of Historic Carousel

Friends of Balboa Park announced that the organization has acquired the historic Balboa Park carousel. The sale closed escrow on June 30, 2017, and will allow the nonprofit to maintain uninterrupted operation of the carousel. The purchase price was $1.6 million; fair market value was estimated at $2.6 million.

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A Side Effect of Brexit May Be Damage to Pharma Research

PHARMA: UK’s Exit From EU Brings Huge Regulatory Questions

San Diego drugmakers are facing fallout from divisive politics across the pond, as local biotechs work to understand how Brexit will affect their research (and their bottom line).

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Ra Medical Aims to Be a Leading Light in Clearing Arteries

BIOTECH: Co. Says Competition’s System Is Slow, Expensive

A medical device company in Carlsbad is preparing to make its debut on the public markets following a product launch that could boost its revenues ninefold. The company, Ra Medical Systems Inc., just launched a new laser catheter device that could compete with a product of Spectranetics Corp., a company that just got acquired by Philips for $2.2 billion.

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Encinitas Vibe And Vibrancy

Home of the month

Built with painstaking attention to the details of a quintessential Santa Barbara-style estate, this sea-bluff home is a serene enclave of stillness and expansive ocean views.

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Earley Joins West Health as Chief Administration Officer

Bill Earley is now the chief administration officer and general counsel at West Health, a family of nonprofits dedicated to enabling seniors to successfully age.

CEO Has Extra Incentive to Keep BofI Federal Bank Profiting

FINANCE: Bank Heads Toward $10B Milestone, Expands H&R Block Deal

Greg Garrabrants, CEO of BofI Federal Bank, is betting his company’s stock price will rise annually for the foreseeable future.

Company Looks to Meet the Threat of Militarized Drones

DEFENSE: SkySafe Gets Defense Contract And $11.5M in Series A

It’s now common to hear about small quadcopters nearly colliding with commercial airliners. On a more ominous note, militants in the Middle East have reportedly equipped mass-produced quadcopters to drop grenades on their enemies.

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Medical Transportation Taps Ride-Sharing Tech

HEALTH: Predictive Software Delivers for Routine Transport

Sometimes there’s a specialized industry so ripe for advancement that all an innovator has to do is adapt technology that has already proved itself in the wider market.

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Cerullo Center Chooses Special Over Spectacle

PROPERTY: Design Fits Valley; Final Approvals Expected

Before being sold on the site for his organization’s proposed development, a religious education campus with a hotel and other hospitality features, lead planner Jim Penner stopped by several adjacent locations along busy Interstate 8 in Mission Valley.

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Acquisition Whets Food Co.’s Appetite for Growth

FOOD: More Specialty Items, Wider Distribution Planned

San Diego’s Chosen Foods, best known for its avocado-based cooking oils, is now a division of the company that makes its products, Sesajal S.A. de C.V., the Mexico-based harvester and processor of specialty oils, nuts, seeds and ingredients used in Mediterranean cuisine.

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Renovate Makes Its Own Improvements

FINANCE: Changes Bring More Informed Borrowers

Five years ago, Renovate America became a provider of financing for solar and other energy-efficient residential upgrades.

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Wednesday, August 2

For Sale: (Temporary) Naming Rights at Qualcomm Stadium

It’s not clear how long it will actually be standing in Mission Valley, but the city is giving potential sponsors the chance to splash their name on the 50-year-old building now known as Qualcomm Stadium.

15 Companies Chosen for 2017 MetroConnect Program

Fifteen local companies looking to get their goods and services into the hands of international customers have been selected to participate in MetroConnect, an export assistance program run by World Trade Center San Diego, an affiliate of the San Diego Economic Development Corp.

Mitek Systems Posts Q3 Revenue of $11.8 Milion

Mitek Systems Inc. reported net income of $616,000 on revenue of $11.8 million in its third quarter, which ended June 30.

Peregrine Semiconductor Appoints Two Vice Presidents

Peregrine Semiconductor Corp. has named two vice presidents.

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Tech Startup Raises $8.5 Million

San Diego tech startup Levitate Technologies Inc., a company that makes a wearable exoskeleton to enhance human performance, has raised $8.5 million in startup capital.

County Construction Starts Declined 8 Percent in 2017’s First Half

The overall value of San Diego County’s construction starts declined 8 percent from a year ago in the first half of 2017, despite a 14 percent increase in new residential projects, according to the latest monthly numbers from research firm Dodge Data & Analytics.

Two Oceanside Industrial Properties Get New Owners

Two Oceanside industrial properties recently changed hands, including a multi-tenant property housing several automotive-related businesses that sold for approximately $3.8 million.

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Illumina Reports Q2 Revenue of $662 Million, Updates Growth Projections

Illumina Inc., which develops and manufactures genetic-testing equipment, reported that second-quarter revenue rose about 10 percent.

Amplyx Pharmaceuticals Raises $67 Million

Amplyx Pharmaceuticals Inc., a local drugmaker led by biotech industry veterans, has raised $67 million as part of an equity round led by Menlo Park-based Sofinnova Venture Partners.

Tuesday, August 1

ResMed Reports 7 Percent Increase in Q4 Revenue

San Diego medical device company ResMed Inc. on Tuesday reported a boost in the company’s fourth-quarter revenue, fueled by sales of devices, masks and software-as-a service revenue.

Quentin Blackford Joins Dexcom Team as CFO

Quentin Blackford, who resigned last week as NuVasive Inc.’s chief financial officer, has been recruited by DexCom Inc.’s executive team for the same position.

San Diego Hotels: Half-Time 2017 Performance Scorecard

So how did San Diego County hotels fare in the first half of 2017?

Walmart Launching Online Grocery Pickup Service at 4 Local Stores

Walmart is launching a new online grocery pickup service at four San Diego County stores starting on Aug. 2, allowing shoppers to pick up items they’ve ordered in advance online or through the company’s mobile grocery app, the retailer announced.

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Callaway General Counsel Brian Lynch Also Named CFO

Callaway Golf Co. said on July 31 that its general counsel, Brian Lynch, will take on the additional role of chief financial officer.

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Carlsbad Cosmetic Firm Raises $15 Million

Colorescience, a makeup company in Carlsbad, has raised $15 million so that it can fuel R&D and build out its sales and marketing team.

Cart Mart Partnership Take Co. Into L.A. County

San Marcos-based Cart Mart Inc. announced that it is expanding into Los Angeles County through a partnership with Ingersoll Rand subsidiary Club Car LLC.

Pacific Beach Apartment Complex Sells for $4.65 Million

Silver Property Investments LLC of La Palma has acquired a 17-unit apartment complex in Pacific Beach for $4.65 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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HCAP Invests in Vista-Based Commercial Bakery

San Diego-based private equity firm HCAP Partners said Tuesday it has made an undisclosed mezzanine debt investment in Baked in the Sun Inc., a locally based commercial bakery.