Stories for January 2017

Tuesday, January 31

Local CRO Strikes a Deal With Janssen

San Diego-based ChemDiv Inc. has entered a research collaboration with New Jersey-based Janssen Research & Development LLC to find promising targets that might lead to the development of medicines.

Murphy Development Reacquires Otay Mesa Campus for $28 Million

San Diego’s Murphy Development Co. announced that it has reacquired an Otay Mesa industrial campus that it originally developed in 1986 for electronics maker Sanyo Electric Co. Ltd., in a deal valued at $28 million.

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Ezoic Purchases Orange County Tech Firm

Carlsbad-based Ezoic said on Jan. 30 that it acquired AmpedSense, a digital ad testing technology company in Orange County. Financial terms of the deal were not disclosed.

Scripps Women’s Heart Center Opens in La Jolla

A team of four women cardiologists will treat women’s hearts exclusively at a new medical facility in La Jolla.

Startup San Diego Packs the House at Convergence

Startup San Diego, the group organizing the annual Startup Week event downtown, packed their venues last week during Convergence, a “mini startup week” targeted towards students.

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Dawn Hocevar Chosen to Lead Women in Bio

Dawn Hocevar, vice president of national business development for San Diego-based BioSurplus, has been elected president and chairwoman of Women in Bio, a volunteer organization that advocates for women in the life sciences industry.

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Frontier Airlines Adding New Direct Flights from San Diego

Frontier Airlines is adding 10 new direct routes in 10 U.S. cities, including new nonstop flights that will connect San Diego with Austin, Cincinnati and Cleveland later this year.

Biocom’s C-Suite Expands as Organization Stretches North

Biocom’s expansion throughout California has led the life science trade group to promote two senior level employees to executive positions.

Monday, January 30

Navy Awards Contract to Two S.D. Manufacturers

Two San Diego manufacturers — Delta Group Electronics Inc. and Quality Systems Integrated Corp. — are among three companies that the U.S. Navy tapped for custom fabricated electronic parts. The three will compete for up to $12 million in task orders over two years, according to a Pentagon statement issued Jan. 30.

BofI Holdings Reports Q2 Net Income of $32.3 Million

BofI Holdings Inc., parent company of BofI Federal Bank, reported net income of $32.3 million for the fiscal quarter ending Dec. 31, up 14.7 percent from the year before.

Qualcomm Acquisition of NXP Remains on Track

Qualcomm Inc. still plans to close its acquisition of Netherlands-based NXP Semiconductors N.V. by the end of 2017, according to a statement issued Jan. 27 by NXP (Nasdaq: NXPI).

Univision Exec Joins Group Aiming to Bring MLS to San Diego

Juan Carlos Rodriguez, president of the Spanish-language Univision Deportes, has joined the investment group looking to bring a new Major League Soccer team to San Diego. The announcement was made Jan. 30 as the investors formally submitted their application to MLS Commissioner Don Garber, during a rally aboard the USS Midway Museum.

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Regulus Stock Plummets as FDA Maintains Hold on Lead Drug

Local drugmaker Regulus Therapeutics Inc. watched its stock tank 42 percent Monday following unfavorable news from the U.S. Food and Drug Administration (FDA).

Carlsbad Startup to Pitch Portable Shower to Shark Tank Investors

Local startup RinseKit landed a spot on ABC’s hit TV show Shark Tank airing later this week.

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Two Oceanside Apartment Properties Get New Owners

Two Oceanside apartment properties recently changed hands in separate deals, including an 84-unit complex acquired for $12.5 million by San Diego-based Grant by the Sea Fund LLC.

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Brookfield Residential Brings Virtual Reality to Homebuyers

Brookfield Residential will soon offer virtual reality tours of homes it’s hasn’t yet built in San Marcos.

Sunday, January 29

Intel Taps Local Co. to Be Part of Its Virtual Reality Project

HypeVR, a small software company flying under the radar in San Diego, is partnering with Intel Corp. on the tech giant’s virtual reality headset, Project Alloy.

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Navy Gives GA Thumbs Up and $532.6M Contract for New Launch System on Third Carrier

The U.S. Navy awarded General Atomics a half-billion dollar contract to put its electromagnetic aircraft launch system on the third of the Gerald Ford-class aircraft carriers, to be called USS Enterprise.

AnaptysBio's IPO Is the First in Biotech in 2017

San Diego biotech AnaptysBio ended up raising $75 million in an upsized initial public offering Jan. 26, making it the first biotech in the country to go public this year.

San Diego International Airport Traffic Rose 3.2% in 2016

More than 20.7 million passengers flew into and out of San Diego International Airport during 2016, as traffic increased 3.2 percent over the prior year.

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Local Construction Starts Rose 43% in Value During 2016

San Diego County finished 2016 with construction starts up 43 percent in value from the prior year, topping $4.75 billion, according to the latest monthly figures from Dodge Data & Analytics.

The Business Calendar for the Week of January 30, 2017

Some of the business events planned in the county for the week of January 30, 2017, and beyond.

RF Industries Reports Net Loss of $4.09M for 2016 Fiscal Year

San Diego electronic component maker RF Industries Ltd. on Jan. 27 reported a fourth-quarter net loss of $3.02 million on revenue of $8.08 million.

Burger Construction Names Gates COO

Burger Construction has hired Brian Gates as its chief operating officer, the San Diego-based general contractor announced.

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Friday, January 27

Business Calendar for Week of January 30, 2017

Some of the business events planned in the county for the week of January 30, 2017, and beyond.

Local Co. to Play Part in Intel's Virtual Reality Headset, Project Alloy

HypeVR, a small software company flying under the radar in San Diego, is partnering with Intel Corp. on the tech giant’s virtual reality headset, Project Alloy.

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AnaptysBio's Upsized IPO Raises $75 Million

San Diego biotech AnaptysBio ended up raising $75 million in an upsized initial public offering Jan. 26, making it the first biotech in the country to go public this year.

San Diego International Airport Traffic Rose 3.2 Percent in 2016

More than 20.7 million passengers flew into and out of San Diego International Airport during 2016, as traffic increased 3.2 percent over the prior year.

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Local Construction Starts Rose 43 Percent in Value During 2016

San Diego County finished 2016 with construction starts up 43 percent in value from the prior year, topping $4.75 billion, according to the latest monthly figures from Dodge Data & Analytics.

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Gates Named COO at Burger Construction

Burger Construction has hired Brian Gates as its chief operating officer, the San Diego-based general contractor announced.

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Thursday, January 26

Ashlynn Ball Named Partner at RBTK LLP

Mission Valley-based CPA firm RBTK LLP has promoted Ashlynn Ball to partner.

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Qualcomm Stadium Service Vendor Laying off 1,130

The concession services firm for Qualcomm Stadium is laying off 1,130 workers at the end of March, according to a recent filing with the state Employment Development Department. The job cuts follow close behind the former San Diego Chargers’ recently announced departure for the Los Angeles market.

Italian Government Signs $11.8 Million Deal with General Atomics

General Atomics Aeronautical Systems Inc. received an $11.8 million, 18-month logistics deal with the government of Italy for Italy’s fleet of Predator B unmanned aircraft.

Charity Hardwick Named VP at Soundcast

Soundcast announced that it has promoted Charity Hardwick to vice president of sales and marketing.

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Scripps, Sharp Selected for Savings-Driven Medicare Pilot Project

HEALTH CARE: Federal Program Structured With Risk-Reward Parameters

San Diego-based health systems Scripps Health and Sharp HealthCare have been selected to participate in Medicare demonstration programs offering financial incentives to organizations that deliver high-quality medical care while saving taxpayer money.

Where Are They Now: Excel Trust

It’s well known what happened with the founder and chairman of San Diego’s life-science-focused BioMed Realty Trust after his real estate investment company was acquired in 2015 by New York-based Blackstone Group for $8 billion. In 2016, Alan Gold left and founded a new company called Innovative Industrial Properties Inc. focused on acquiring medical-use cannabis facilities, which recently completed a $67 million stock offering and began trading on the New York Stock Exchange.

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Israeli Veterans Find U.S. Backing for Cybersecurity Project

Some technically minded veterans of the Israeli Defense Forces have started new lives bringing cybersecurity startups into being. Their project is called Team8.

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UTC Realizing the Vision of Live-Work-Play

ou’ve seen the cranes. You’ve heard about the plans. You know all about the more than $1 billion in investment activity currently underway in University Towne Centre. (See map of projects on pages 14-15.)

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Couple Honored for Putting Heart into Helping Foster Care

Walden Family Services honored longtime champions Harley and Maryanne Sefton with the inaugural Fostering Hearts Legacy Award recently during the group’s Wine D’Vine, which drew 350 business and community leaders and raised more than $675,000 for the nonprofit’s foster care, adoption and parent training programs.

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Del Mar Beachfront Beauty Takes Top Sale Spot at $18 Million

The luxury real estate market in San Diego County for single-family homes of more than $1 million ended the year with slightly more homes sold in 2016 compared with 2015, according to a year-end report by the San Diego Association of Realtors. Eleven cities had a median price of more than $1 million in 2016, and combined, sold 2,473 homes versus 2,412 in 2015 or 61 more homes.

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Relationships Are a Key Asset On the Job for This Architect

DESIGN: His Partner, Associates and Even Clients Help Make Him Successful

Karl Strauss Brewing Co. was ready to build its first new restaurant in nearly a decade.

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Stylish Lobbies Can Make That First Impression A Lasting One

DESIGN: Well- Executed Entryways Are Part Of a Co.’s ‘Communication’ With Customers

First impressions are important. Conventional wisdom says people establish an impression of someone after just seven seconds, but the most recent science says it’s even faster than that — a mere tenth of a second.

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San Diego Joins Nationwide Program to Reduce Building Energy Usage

Several local companies have joined the city of San Diego and Cleantech San Diego to form a “2030 District,” pledging millions of square feet of commercial space to increase energy efficiency and reduce environmental impact.

Jack Florio Joins Leadership Team at Objective Capital

San Diego-based investment banking firm Objective Capital Partners recently announced the addition of pharmaceutical industry veteran Jack J. Florio to its leadership team.

Stakeholders Seek Details of Mission Valley Stadium Plan

SPORTS: Proposal for Privately Funded Project Faces MLS Deadlines

With the former San Diego Chargers now officially out of the picture, city and business leaders have yet another potential vision to ponder for the Mission Valley site of the aging Qualcomm Stadium.

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PotDrive Sees an Opening In WeedMaps Territory

Bardia Rahim, a serial entrepreneur in San Marcos, is developing an app to take on a giant among cannabis technology: WeedMaps.

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StockTwits Adds Recommendation App to its Portfolio

TECHNOLOGY: Co. Sees Opportunity to Attract Newcomers to Investing

Netflix tells you what movies and television shows you might like. Music-streaming service Spotify provides listeners with suggestions for what to try next.

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Co. Collects Little Pictures to Create Big Picture of Supply Chain

TECH: System Aims To Boost Efficiencies, Cut Costs, Manage Data

A sales presentation for San Diego-based Tapestry Solutions Inc. often involves a trip to another corner of the country — to a Boeing Co. plant in the Pacific Northwest. On the factory floor where Boeing (NYSE: BA) assembles its large passenger jets, prospective customers get a glimpse of how the Tapestry Solutions software works.

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Qualcomm Takes Fighting Stance

TECH: However, Co.’s History Shows It Can Resolve Disputes

Qualcomm Inc. has been called many things — particularly in court documents — but no one has called the company fragile, brittle or unstable. In the 32 years since its formation, the company that has packed ever more functionality into the smartphone has shown itself to be resilient.

Kilroy Breaks Ground on One Paseo in Carmel Valley

Kilroy Realty Corp. has begun construction on One Paseo, the developer’s $660 million mixed-use project in Carmel Valley. The 23.6-acre, multi-phase development is slated to include shops, restaurants, apartments, offices and public plazas.

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REIT Veteran Gold Enters Cannabis Space

REAL ESTATE: Lease-Back Deals Within Framework of Federal Laws

Real estate industry veteran Alan Gold wants to make it clear that his new San Diego-based company’s mission is about the property, not the pot.

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New CEO Faces Relevancy Challenges in North County

ECONOMY: EDC Seeks To Unify Competing Interests

It was Day Three of Mike Cully’s new job as CEO of the San Diego North Economic Development Council, and already his meeting calendar was packed.

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DonationMatch Expanding to Canada

DonationMatch, a San Diego-based marketing platform for companies looking to streamline charitable giving, has expanded to Canada, CEO Renee Zau said this week.

Evolving the Life Force

Biocom Expansion To L.A. Will Boost Ecosystem, Improve Access to Capital

The biotech-boosting model that’s proved effective in San Diego is being replicated in Los Angeles (and farther north) as local trade group Biocom expands throughout the state.

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Founder Departs from Medtech Startup Clarify Medical

Martyn Gross, the founder and former CEO of Clarify Medical, is leaving the medtech startup to pursue other opportunities.

Court Rules Convention Center Project Was Properly Reviewed

Government leaders have prevailed in a lawsuit that claimed officials approved an expansion of San Diego Convention Center without fully complying with California environmental review laws. However, officials have not yet devised a project funding mechanism to replace plans that were struck down by the courts in an earlier lawsuit.

Wednesday, January 25

Carlsbad Office Building Sells for $2.49 Million

Lake Street Burbank LLC of San Diego has acquired a Carlsbad office building for approximately $2.49 million, according to brokerage firm Marcus & Millichap.

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Report: County Saw 43 Percent Boost in New Hotel Room Development in 2016

San Diego County added more than 1,000 new hotel rooms to its inventory during 2016, an increase of 43 percent from the number added in 2015, according to the latest year-end California hotel development survey from brokerage and research firm Atlas Hospitality Group.

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S.D. Bowl Game Association Ends Poinsettia Bowl

San Diego will host one, not two, bowl games in 2017, the San Diego Bowl Game Association board of directors announced Wednesday on its website.

Avacen Medical Receives EU OK to Market Device

A San Diego medical device manufacturer has been cleared to market its core product in the European Union.

Local Beauty Brand Lands $15 Million from Equity Firm, Celebrities

Local cosmetics upstart Kopari Beauty has raised over $15 million in new capital from private equity firm L Catterton and celebrity investors including Ashton Kutcher, Mila Kunis, and Hilary Duff.

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Work Begins on $56 Million Residential Development in San Marcos

Builder CaliforniaWest and investment firm Presidio Residential Capital have begun construction on the first model homes at Westerly, a new 71-home neighborhood in San Marcos with a total retail value of $56 million.

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Two Local Golf Cos. Land Big-Name Endorsement Deals

Two of the golf industry's major manufacturers, both based in Carlsbad, have signed two of the sport's biggest stars.

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Apple Files Complaints Against Qualcomm in Chinese Courts

Apple Inc. has filed two complaints against Qualcomm Inc. in the Chinese court system, Qualcomm announced on Jan. 25. The move comes after Apple filed suit against Qualcomm in U.S. federal court last week.

Tuesday, January 24

BAE Systems Awarded One-Year Navy Contract

The U.S. Navy awarded BAE Systems a one-year logistics contract that could bring millions of dollars worth of work to San Diego.

Illumina Grows S.D. Footprint with Manufacturing Facility

San Diego’s instrument maker Illumina Inc. has opened a five-story manufacturing facility on its campus, adding to the company’s sizeable footprint in University Town Center.

Dustin Ritter Named CMO at Proficio

Proficio, the Carlsbad-based cybersecurity company, has named Dustin Ritter chief marketing officer.

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Several New Dining Venues Coming to Westfield UTC

Mall owner Westfield Corp. has signed leases with at least nine new dining-oriented tenants, slated to open in the company’s Westfield UTC in October 2017.

Sanders Tells Congress: 'An Efficient Border is a Safe Border'

San Diego business leader Jerry Sanders testified at a congressional hearing Jan. 23 that international trade does not necessarily compromise U.S. national security, and that “an efficient border is a safe border.”

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ResMed's Q2 Revenue of $530.4 Million Beats Expectations

San Diego medical device maker ResMed Inc. reported a 17 percent boost to its quarterly revenue, beating Wall Street’s expectations and sending the company’s stock soaring nearly 10 percent.

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Carlsbad Resort Opens New Restaurant, Spa

Four Seasons Residence Club Aviara recently opened a new on-site restaurant and spa to the general public, as part of a $6 million renovation of the Carlsbad luxury resort.

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Frank Urtasun Elected Chairman of San Diego Housing Commission

Sempra executive Francisco “Frank” J. Urtasun has been elected chairman of the San Diego Housing Commission.

Monday, January 23

SDG&E Proposes 90,000 Electric Charging Stations

San Diego Gas & Electric announced it has filed proposals with the California Public Utilities Commission to install tens of thousands of electric charging stations in an effort to contribute to a state-mandated reduction of carbon emissions.

Coast Flight Training Opening Second Texas Location

San Diego-based Coast Flight Training said it plans to open a second location in San Marcos, Texas, to train military veterans to fly for Envoy Air and American Airlines Group.

ViaSat Inc. Breaks Ground on Texas Complex

ViaSat Inc. broke ground Jan. 19 on a campus in Bryan, Texas, near the main campus of Texas A&M University.

Heron Plans to Raise $150 Million in Public Offering

San Diego’s Heron Therapeutics Inc. plans to raise $150 million in a public offering of its common stock.

Investors Propose Privately Funded Soccer/Football Stadium at Mission Valley

A local investor group wants to acquire the 166-acre Mission Valley site that currently houses Qualcomm Stadium from the city, to develop a privately funded, mixed-use entertainment district that would include a new stadium for San Diego State University and potentially a professional soccer team.

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Venture Capital Investing Returned to Norm in 2016, Expert Says

As venture capital funding fell nationally in 2016, so did the investments in San Diego, shrinking from $1.49 billion in 2015 to $1.07 billion. Experts say the fallback is simply a reversion to the mean after a blockbuster 2015.

AnaptysBio Sets IPO Price at $60 Million

San Diego biotech AnaptysBio has set the price of its initial public offering, expecting to raise about $60 million from the sale of its common stock.

Sunday, January 22

Government Gives S.D. Region Green Light to Be a Proving Ground for Autonomous Cars

Federal transportation officials named the San Diego region one of 10 proving grounds for autonomous vehicles, making the announcement Jan. 19.

Apple Files $1 Billion Lawsuit Against Qualcomm

Apple Inc. has sued Qualcomm Inc. for $1 billion, according to published reports.

Banyan Biomarkers Partnering With French Biotech Giant on TBI Diagnostic

Local test maker Banyan Biomarkers is partnering with bioMerieux, a French giant in biotechnology, to develop a blood test that would identify traumatic brain injury.

2016’s Biggest Retail Property Deals

With new construction scarce and empty store spaces quickly being filled, San Diego County’s retail property vacancy rate keeps getting lower – 3.8 percent at the end of 2016, according to a recent report by CoStar Group.

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Southwest Adding Mexico Flights to Local Offerings

Discount carrier Southwest Airlines Co. plans an April 25 launch for new direct service between San Diego and Mexico’s San Jose del Cabo and Los Cabos.

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The Business Calendar for the Week of January 23, 2017

Some of the business events planned in the county for the week of January 23, 2017, and beyond.

Kestra Private Wealth Services Recruits Two New Firms

San Diego-based registered investment advisor Kestra Private Wealth Services LLC announced January 20 the addition of Intrinsic Mutual Advisors and Stone Beacon Capital, two new firms led by former wirehouse advisors with a combined total of $240 million in assets.

Local Business Outlook Index Closes Year on Slightly Optimistic Note

Closing an unusually bumpy year, San Diego County business confidence ended 2016 in lukewarm territory, according to the region’s leading business outlook index.

County's December Unemployment Rate Dips to 4.2%

Joblessness in San Diego County slid again in December to a seasonally unadjusted 4.2 percent in December, down from 4.3 percent the month before, as the local economy continued to outperform the state and nation as a whole in the measure of overall employment.

Long Named Managing Director of Supply Chain Management Institute

The University of San Diego’s business school has named Mary Long managing director of its Supply Chain Management Institute.

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Fallbrook Apartment Complex Sold For $3.57 Million

DiPiero Family Trust of Escondido has acquired a 25-unit apartment property in Fallbrook for approximately $3.57 million, according to brokerage firm Lee & Associates.

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Friday, January 20

When it Rains, It Pours: Apple Is Suing Qualcomm

Apple Inc. has sued Qualcomm Inc. for $1 billion, according to published reports.

These Were 2016’s Biggest Retail Property Deals

With new construction scarce and empty store spaces quickly being filled, San Diego County’s retail property vacancy rate keeps getting lower – 3.8 percent at the end of 2016, according to a recent report by CoStar Group.

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Fallbrook Apartment Complex Sold For $3.57M

DiPiero Family Trust of Escondido has acquired a 25-unit apartment property in Fallbrook for approximately $3.57 million, according to brokerage firm Lee & Associates.

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Southwest Airlines Adding Mexico Flights to Local Offerings

Discount carrier Southwest Airlines Co. plans an April 25 launch for new direct service between San Diego and Mexico’s San Jose del Cabo and Los Cabos.

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Business Calendar for Week of January 23, 2017

Some of the business events scheduled in the county for the week of January 23, 2017, and beyond.

University of San Diego Names Managing Director of Supply Chain Management Institute

The University of San Diego’s business school has named Mary Long managing director of its Supply Chain Management Institute.

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Thursday, January 19

Lessons From Inside View of Chargers’ Messaging

From my perspective there are two differing and opposing belief systems within the Chargers organization. One is the ownership perspective, which is focused on increasing the value of the NFL franchise. The other is the front office roles of branding, PR and marketing, which is charged with creating a loyal fan base and selling tickets for both the team on the field and the fan experience. The public has seen the Chargers’ value-system clash play out publicly through the events of the past several years.

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These Helping Hands Were Winning Hands for Carlsbad Charity

The La Costa 35 Athletic Club, a local nonprofit, hosted its 6th Annual Texas Hold ‘Em Poker Tournament recently to benefit the Boys & Girls Clubs of Carlsbad.

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A Trump University Case Victor Earns Promotion to Partner

Aaron Olsen, who earlier this year served as co-lead class counsel in litigation against Donald Trump and Trump University, has been promoted to partner at Zeldes Haeggquist & Eck.

Debt Collector Encore Makes Gains in Reducing Complaints

FINANCE: Co. Is Still One of Top Complained About Collectors in Q3

In September 2015, debt buyer and collector Encore Capital Group was hit with $52 million in refunds and penalties by the Consumer Financial Protection Bureau for allegedly using deceptive tactics to collect debts they had failed to properly verify.

Credit Unions Make Record Gains in a Number of Categories

FINANCE: Membership Mark Passes One Million; More Than $15.1B Deposited

For the first time, membership in locally headquartered credit unions has passed the one million mark.

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Credit Unions Give Tech Tools a Chance

Members Increasingly Embrace Technology; Institutions Evaluate What Else to Offer

California Coast Credit Union’s website highlights its “personalized caring attention.”

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Air Force Awards Northrop Grumman Contract Worth $140 Million

On the heels of a similar award in December, the U.S. Air Force awarded Northrop Grumman Corp. a modification to its contract covering Northrop’s Battlefield Airborne Communications Node payload, operations and support. The award is not to exceed $140 million and work runs through January 2018.

Illinois Firm Buys San Marcos Retail Center for $73.3 Million

Illinois-headquartered InvenTrust Properties Corp. has purchased the Campus Marketplace retail center in San Marcos for approximately $73.3 million, according to CoStar Group and brokerage firm Lee & Associates.

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Smartphone Comes Ready to Rumble With the Elements

Kyocera Corp. continues to produce smartphones that take a beating if that’s what’s required of them. Its DuraForce PRO can reportedly survive a 30-minute bath in 2 meters of water (that’s 6½ feet). And yes, they take pictures underwater. The phone automatically switches from touchscreen controls to physical buttons when it gets wet.

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DexCom Cements Place in the Market, Valuation Climbs

Shares of locally based DexCom Inc. have soared this month following news that patients will have easier access to the medical device maker’s main product.

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SDSU Alumnus Hired to Operate Consulting Firm's SoCal Office

The Center for Toxicology and Environmental Health, a consulting firm based in Little Rock, Ark., has opened a Southern California office in Carlsbad and has hired a San Diego State University alumnus to run it.

Protests Aimed at Inauguration May Restrict Border Crossings

Mexico’s customs service expects to limit some border crossings, including shipments of goods, Jan. 20 because of nationwide protests aimed at President-elect Donald Trump.

Rental-Home Realities Likely to Reshape Some of the Market

“The new American dream involves a home, but it doesn’t necessarily involve the ownership of the home,” said Mitch Roschelle, a partner in the consulting firm PwC, during a recent forum presented by the University of San Diego’s Burnham-Moores Center for Real Estate.

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Seacoast Commerce Bank Posts 26th Consecutive Quarterly Profit

San Diego-based Seacoast Commerce Bank earned $6.9 million in net income in 2016, a 19.6 percent increase over the $5.8 million it earned in 2015.

Developers Applaud Mayor’s Plan to Streamline Housing Permits

ECONOMY: Transit-Centered Projects, Greater Density Also Being Pushed

Real estate developer Tony Pauker saw part of himself reflected in Mayor Kevin Faulconer’s new plan to solve San Diego’s housing crisis.

Co. Delivers a Who’s Who of Startup Services

Ryan Mickle, a local startup CEO, has launched a website to help fellow entrepreneurs wade through stacks of referrals.

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This App Can Take You Places Where Only The Imagination Has Been

A startup in San Diego is designing a mobile app that one day may usurp Amazon in the now-niche market of short fiction.

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La Mesa Apartment Property Sells For $19 Million

Vista Investment Group LLC of Los Angeles has acquired an 80-unit La Mesa apartment community for approximately $19 million, the company announced.

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Cytori Therapeutics Acquires San Antonio-Based Pharma Co.

Local cell therapy company Cytori Therapeutics Inc. is acquiring San Antonio-based Azaya Therapeutics for up to $170 million.

Medical Pricing Option Brings Negotiation Into The Process

MEDICINE: Savings Can Be High, But Physician Networks May Be Limited

Tim Carter, a local benefits consultant at insurance agency Barney & Barney, offers all kinds of health plan options to his clients. But he reserves something special for just the right customers — the ones who are fed up with insurance premium hikes.

Nixing NAFTA Seen as Bad Deal for the Regional Economy

TRADE: Expert Says Updating Agreement Can Be Win-Win Move

As anyone playing the strategic board game “Risk” can attest, geographical advantages have a way of turning into disadvantages if they’re not leveraged properly.

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Port-Related Businesses Had $5.4B Economic Impact in 2015

ECONOMY: Varied Sectors Rely on the The Waterfront Asset

The Port of San Diego is a big wheel in business, an economic dynamo. Companies doing business on San Diego’s tidelands generated $5.4 billion in economic output and sustained 43,627 jobs in 2015, according to a study issued by the port district in December. Figures for 2016 were not yet available.

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Containers Stack Up Well For Many Uses

RECYCLE: Supporters Tout Innovative Functions

Recycled sea-shipping containers make for a unique, attention-grabbing design element in places like Quartyard, a popular retail and entertainment hub in downtown San Diego’s East Village.

GreatCall Connects By Talking to Seniors

SERVICE: From Tech Tutoring To Medical Alerts, Co. Is There

The call that came into a vast Carlsbad call center one recent morning was no emergency. Most aren’t. But it could have been, and the woman answering the phone had to be ready.

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ViaSat to Launch New Satellite, Endeavors

TECH: Co. Targets Broadband Opportunity, New Markets

A huge rectangular box rises 25 feet above the factory floor at Boeing Co.’s El Segundo satellite plant, making the people below it look like ants. In a few months, the hopes of Carlsbad-based ViaSat Inc. — a $1.4 billion Carlsbad satellite technology company — will ride with that box into space.

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Schools Are Out For Underground Elephant

TECH: Course Correction Put Marketing Company In Pursuit of New Verticals

Anyone who has walked past Underground Elephant’s new downtown digs knows that the adtech firm is anything but underground.

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Wednesday, January 18

Prof to Trump: 'Train of Economic Globalization Has Left the Station'

A UCLA economics professor told an audience in downtown San Diego that Donald Trump’s proposed policies on trade and immigration give him “really, really low” chances of delivering on his promise to create 25 million U.S. jobs during the next 10 years.

Shareholder Law Firms Add to Tech Giant’s Woes

There seems to be no rest for Qualcomm Inc. After being sued by the federal government, small law firms piled on to give it more headaches.

Roger M. Laverty Named President of Grandpoint Bank

Grandpoint Bank, of which La Jolla-based Regents Bank is a division, has named Roger M. Laverty as president.

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Miramar Office-Industrial Property Sells for $4.1 Million

San Diego investors Peter and Pattiann Aardema have acquired a Miramar office and industrial property for $4.1 million, according to brokerage firm Pacific Coast Commercial.

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Synthetic Genomics Inks Research Deal With Exxon

U.S. oil giant Exxon Mobil Corp. has renewed a deal with local biotech Synthetic Genomics Inc. to jointly research algae biofuels.

FDA Grants aTyr Pharma Fast-Track Status

Shares of drugmaker aTyr Pharma climbed over 30 percent Wednesday following news that the San Diego firm’s drug should progress quickly through the regulatory process.

Coldwell Banker Commercial Taps Brown to Lead San Diego Office

Coldwell Banker Commercial Southern California has hired Rhyne Brown to serve as executive managing director for the company’s San Diego regional operations.

San Diego Startup SparkFin Inc. Acquired by StockTwits

San Diego-based fintech startup SparkFin Inc., a mobile app that organizes stocks into lists, has been acquired by StockTwits Inc., the largest social platform for investors and traders.

Tuesday, January 17

Steve Fendley Named President of Kratos Drone Division

Kratos Defense & Security Solutions Inc. named Steve Fendley president of its unmanned systems division, announcing the change on Jan. 17.

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Laura Farmer Sherman Leaving Susan G. Komen

Laura Farmer Sherman, president and CEO of Susan G. Komen San Diego, plans to retire at the end of 2017, the organization announced Tuesday.

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Kensington Apartment Property Sold for $2.2 Million

Newkirk Family Trust of San Diego has acquired an eight-unit apartment property in the city’s Kensington neighborhood for $2.2 million, according to brokerage firms Apartment Consultants Inc. (ACI) and Colliers International Group Inc.

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Doctors Open Prostate Cancer Treatment Center in La Jolla

A prostate cancer treatment center recently opened in La Jolla offering what it touts as a new image-guided treatment with few side effects and a quick recovery time.

San Diego Pot Industry Scores Professional Help

San Diego’s burgeoning cannabis industry has attracted a new law firm focused on the needs of local marijuana entrepreneurs.

U.S. Regulators Sue Qualcomm for Alleged Antitrust Violations

U.S. regulators have sued Qualcomm Inc., alleging that the San Diego company violated antitrust law.

San Diego North EDC Appoints CEO

A former television journalist who led the North American launch of a pioneering car-sharing service has been chosen to lead the San Diego North Economic Development Council.

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Green Flash Brewing: No Job Cuts Underway

Leaders of San Diego’s Green Flash Brewing Co. are not commenting on published reports that the craft beer maker has laid off as many as 25 employees.

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Monday, January 16

Oceanside Industrial Building Sells for $2 Million

A local buyer listed as J&H Oceanic Properties LLC has acquired an Oceanside industrial and manufacturing building for approximately $2 million, according to brokerage firm Lee & Associates.

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San Diego Business Journal Accepting Nominations for 'CFO of the Year Awards'

Nominations for the San Diego Business Journal’s “2017 CFO of the Year Awards” are being accepted through Jan. 23.

Herrmann Named GM of Downtown’s Marriott Marquis Hotel

Operators of downtown San Diego’s Marriott Marquis San Diego Marina have appointed Tim Herrmann as the new general manager, overseeing all operations of the 1,360-room hotel.

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Walt Conwell Architects Names Partner, Rebrands

San Diego architect Walt Conwell, 74, who has had a career of more than 30 years as principal architect and owner of multiple design firms in San Diego, has brought on a new partner, Bryan Macias, 33, and renamed the firm.

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The Other Startup Cost: Paying the Emotional Price

Depression and stress don’t often come up in gatherings of young entrepreneurs, but the topic struck a chord at Startup Grind’s first meeting of the year.

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Sunday, January 15

Mayor Faulconer Proposes Hotel Tax Hike to Expand Convention Center

Mayor Kevin Faulconer has proposed increasing the city’s hotel room tax via a public ballot measure in 2018, to finance a long-sought expansion of the San Diego Convention Center.

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DexCom CGM Device Is the First of Its Kind to Get Medicare, Medicaid Reimbursement

Shares of locally-based DexCom Inc. skyrocketed 26 percent January 13 following news that patients will have easier access to the medical device maker’s lead product.

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Scripps Prepares to Enter HMO Market

Scripps Health is working to widen access to an HMO that now serves only its employees.

Credit Unions Have That New Car Smell

San Diegans sure love their cars — especially new ones.

GA ASI Receives $24 Million Foreign Military Sale Contract

General Atomics Aeronautical Systems Inc., the maker of unmanned military aircraft, received a $24 million delivery order for logistics support to company customers in France.

Business Calendar for Week of January 16, 2017

Some of the business events scheduled in the county for the week of January 16, 2017, and beyond.

Ramona Apartment Complex Sells for $4 Million

Investor David Sterling of San Diego has acquired a 28-unit apartment property in Ramona for approximately $4 million, according to brokerage firm Apartment Consultants Inc. (ACI) The seller of Santa Maria Creek Apartments, at 1606 Montecito Road, was listed as CGI 1 LP of San Diego.

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RAF Pacifica Group Buys San Marcos Industrial Property for $3.75M

Encinitas-based RAF Pacifica Group has purchased a San Marcos industrial property for approximately $3.75 million, with plans to complete significant renovations, according to brokerage firm Lee & Associates.

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Friday, January 13

Faulconer Proposes Hotel Tax Hike to Expand Convention Center

Mayor Kevin Faulconer has proposed increasing the city’s hotel room tax via a public ballot measure in 2018, to finance a long-sought expansion of the San Diego Convention Center.

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S.D. Credit Unions Have That New Car Smell

San Diegans sure love their cars — especially new ones.

DexCom CGM Device Is First of Its Kind to Get Medicare, Medicaid Reimbursement

Shares of locally-based DexCom Inc. skyrocketed 26 percent January 13 following news that patients will have easier access to the medical device maker’s lead product.

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Ramona Apartment Complex Sells for $4M

Investor David Sterling of San Diego has acquired a 28-unit apartment property in Ramona for approximately $4 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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GA ASI Receives $24M Foreign Military Sale

General Atomics Aeronautical Systems Inc., the maker of unmanned military aircraft, received a $24 million delivery order for logistics support to company customers in France.

RAF Pacifica Group Buys a San Marcos Industrial Property for $3.75M

Encinitas-based RAF Pacifica Group has purchased a San Marcos industrial property for approximately $3.75 million, with plans to complete significant renovations, according to brokerage firm Lee & Associates.

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Thursday, January 12

Vista-Based Access Biologics Sells Minority Stake for $51 Million

Local biotech Access Biologics has sold a minority stake of the company for $51 million to Barcelona-based pharmaceutical and chemical firm, Grifols.

Kleinfelder to Oversee $125 Million Oil Refinery CleanUp

Kleinfelder announced Thursday its selection by a Fortune 500 petroleum client to oversee a $125 million environmental clean-up program in New Jersey.

AnaptysBio Hires CFO, Signals Intent for IPO

San Diego biotech AnaptysBio has hired a chief financial officer and signaled to the U.S. Securities and Exchange Commission that it plans to go public.

Tridea Partners Acquired by Danish Company for $8.7 Million

San Diego business services provider Tridea Partners LLC has been acquired by the Norwell, Mass.-based subsidiary of Danish company Columbus IT.

UC San Diego Receives $10.5 Million From Swiss Foundation

The University of California, San Diego will receive $10.5 million from Switzerland’s Family Larsson-Rosenquist Foundation to research the mysteries of human breast milk.

These Were the Biggest Industrial Deals of 2016

San Diego County’s industrial property market ended 2016 with a historically low 5.1 percent vacancy rate, according to the latest quarterly data from CoStar Group.

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Larry Paulson Named President of Qualcomm India

Qualcomm Inc. announced this week that it appointed Larry Paulson as president of Qualcomm India.

Time to Reduce Energy Costs for Our Water

Our region is known for its ambitious leadership in climate change, renewable energy, and clean technologies, but increasingly it is apparent that we must broaden our view of energy to help us minimize pollution, create new jobs, and build a more climate resilient region. It is time to take a deeper look at how water shapes our energy profile, while continuing to pursue energy efficiency and renewable energy initiatives in the region.

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NASSCO Delivers for Babies With Donation to Diaper Bank

Employees from General Dynamics NASSCO delivered nearly 8,000 diapers to the San Diego Food Bank’s newly created “Diaper Bank.” The Diaper Bank was created in partnership with Assemblywoman Lorena Gonzalez, who recently collected more than 65,000 diapers to assist families in need. Gonzalez was at the Food Bank to assist with the delivery of more than 40 boxes of diapers.

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Lifestyle, Luxury and Location Are All Perfect Fit at Vista Bella II

High along a ridge overlooking the San Dieguito River Valley, the ocean and the rolling hills to the north is Vista Bella II, a small community of four new homes with an innovative, fresh design.

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Time To Pull Chips Off The Table

Climate, Strong Economy, Aging Owners Will Combine to Keep Accounting Firms Busy in 2017

Accounting firms and professionals who handle mergers and acquisitions in the San Diego region anticipate a strong year ahead for such transactions. It seems there are exit signs all around, especially the aging population of business owners, a strong local economy and the expectation of a favorable business climate with the incoming administration.

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BAE’s New Dry Dock Readies for Big Role in S.D. Ship Repair

SHIPS: It Will Have Greatest Capacity of California Facilities

A photograph can’t convey how big the new BAE Systems dry dock really is.

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Three’s Too Much Of a Crowd For Macy’s

It’s a testament to the retail drawing power of Mission Valley (try driving on Friars Road or its offshoots near Interstate 8, holiday season or not) that Macy’s Inc. essentially operated three large department stores in the same neighborhood for so many years.

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Otonomy Eyes Swimmer’s Ear Market to Expand Use of Drug

Local drugmaker Otonomy Inc. is planning to ask the U.S. Food and Drug Administration for approval to sell its drug Otiprio for use in treating swimmer’s ear.

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Matchmaker, Ambassador & Advocate

As San Diego’s startup economy gains steam, few people are more vital to the health of the fast-growth business sector than Mike Krenn, president of San Diego Venture Group.

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Natural Selections Help Vending Co. Evolve, Gain Markets

SERVICE: Company Sells Machines, Plans To Brand Products

Two-year-old KarmaBox Vending has broken into the highly competitive vending machine industry by offering something different: personal service and a menu of healthy snacks.

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Exit Planning San Diego Can Update Economic Playbook

It could hardly be called surprising, but the San Diego Chargers have now made it official: the football team is leaving for Los Angeles after more than a half-century in San Diego.

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VC Took Off Its Running Shoes and Strolled Through 2016

INVESTMENT: Deals And Dollars Were Down Both Locally, Nationally

Venture capitalists made fewer than half the number of deals in San Diego in 2016 than they did in the prior year, according to a MoneyTree report by PricewaterhouseCoopers and CB Insights.

It’s Not ‘Like a Rock,’ But Foam Car Aims to Pick Up a Following

AUTO: Three-Wheel Vehicle Made Difficult Journey to Marketplace

For Lon Ballard, it has been a long odyssey in a tiny car. The nine-year trip has taken him from Thailand to the Philippines, back and forth from China to the United States, and through forests of paperwork and thickets of red tape.

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How Do Businesses Take Wage Hike Hit?

LAW: Cos. on Defense as They Try to Recoup Costs

There should be little doubt, now that the San Diego City Attorney’s Office has stepped in, that a few local restaurants appear to have mishandled the rollout of surcharges meant to boost revenue following the city’s Jan. 1 minimum wage increase.

Palliative Care Comes In Life-Affirming Model

MEDICINE: Co. Guides Patient, Family Through Last Journey

Dr. Bob Uslander was meditating on a bluff in La Jolla in early 2013 when he was jolted by an epiphany that would transform his professional life.

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Convention Center’s Issues Expand

TOURISM: Lawsuit, Hotel Plans, Funding Are Concerns

Operators recently launched $25 million in renovations to the iconic Sails Pavilion and other components of the San Diego Convention Center, but there remains no clear path to a long-sought expansion of the downtown waterfront facility.

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Getting a Technology Hub to Take Off

TECH: Airport’s Innovation Lab Aims to Upgrade Air Travel

You overslept. The flight from San Diego to Tokyo leaves in 50 minutes, and you need to be on it. Your smart watch tells you the estimated commute from your home to the airport is 11 minutes, and the average wait at the security checkpoint is 24 minutes. You can still make it.

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Mayor Faulconer: Chargers Will Regret Decision to Exit San Diego

Reacting to the San Diego Chargers’ announced move to Los Angeles, a frustrated Mayor Kevin Faulconer said team owner Dean Spanos “made a bad decision” that he will come to regret.

Chargers’ Departure Leaves a Big Hole to Develop

It could hardly be called surprising, but the San Diego Chargers have now made it official: the football team is leaving for Los Angeles after more than a half-century in San Diego.

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Wednesday, January 11

Callaway Golf Acquires Ogio International for $75.5 Million

Carlsbad-based Callaway Golf Co. announced on Jan. 11 that it acquired Utah-based Ogio International Inc. for $75.5 million cash.

Petco Cutting 180 Positions

Petco Animal Supplies Inc. is cutting 180 jobs, company spokeswoman Lisa Stark confirmed Wednesday. The company declined to say what jobs were being cut or where.

Venture Capitalists Liked These 10 S.D. Companies Best

During 2016, San Diego saw 103 venture capital investments for a total of about $1.28 billion, according to a MoneyTree report released this week by PwC and CB Insights.

Pinnacle Buys Three Downtown Properties for $8.5 Million

An affiliate of Vancouver, B.C.-based Pinnacle International has acquired three industrial and retail properties in downtown San Diego, currently housing a Bridgestone auto repair and retail facility, for $8.5 million, according to CoStar Group and public data.

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Mexican Protests Prompt Startup Organizers to Cancel Binational Event

Protests in Tijuana involving the Mexico gas crisis have caused organizers of Startup Weekend Binational to cancel its first cross-border event.

NFL Gives Chargers Two More Days to Decide Location Plans

The National Football League has extended by two days the San Diego Chargers’ deadline to decide whether the team will relocate to the Los Angeles market, switching it to Jan. 17.

DexCom Reports Record Revenue of $570 Million for 2016

San Diego medical device maker DexCom Inc. has reported $570 million in revenue for its fiscal 2016, a 42 percent jump over 2015.

Hillcrest Hotel Being Converted to Apartments

A Sommerset Suites Hotel in Hillcrest is slated to become a boutique apartment community after the property was recently purchased by San Diego-based SENTRE Partners.

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Tuesday, January 10

A Sneak Peek at ViaSat's Newest Satellite

Carlsbad-based ViaSat Inc. is betting much of its future on a new satellite costing more than $500 million.

Scripps Research Institute, Pfizer Ink Licensing Agreement

The Scripps Research Institute has landed a deal with global drugmaker Pfizer Inc. in which Pfizer will use TSRI’s technology to find promising chemical leads for new drugs.

Here's San Diego County’s Top Office Deals of 2016

San Diego County ended 2016 with its office vacancy rate at 10 percent, according to the latest data from CoStar Group, as rents continued to rise amid limited construction and rising demand.

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Scripps Ranch Industrial Building Sold for $9.8 Million

A buyer listed as Evergreen & Prop Mgmt LLC has purchased an industrial property in San Diego’s Scripps Ranch submarket for approximately $9.8 million, according to CoStar Group and public data.

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Kansas VC Firm Invests in TrackForce

San Diego company Trackforce, which provides software-as-a-service operation management tools for security services, announced this week the closing of a $7.4 million investment from Kansas-based growth equity firm Five Elms Capital.

San Diego Apartment Property Sells for $20 Million

A San Diego buyer recorded as Mission Gorge Road LP has purchased a 90-unit apartment property in the city’s San Carlos neighborhood for approximately $20 million, according to brokerage firm CBRE Group Inc.

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Struggling Garden Fresh to Sell Assets to N.Y. Investment Firm

San Diego-based Garden Fresh Restaurant Corp., which operates more than 100 Souplantation and Sweet Tomatoes restaurants in 11 states, is selling the company's assets to affiliates of New York-based private investment firm Cerberus Capital Management L.P. and its partners.

WD-40 Shares Slide on Weak First-Quarter Earnings

Shares of San Diego-based WD-40 Co. fell more than 10 percent Tuesday after the company’s first-quarter earnings, released Monday, fell short of expectations.

Monday, January 9

Tom McCarty Named CMO at Bridgepoint Education

Bridgepoint Education Inc. has appointed a new senior vice president, Tom McCarty, to serve as chief marketing officer.

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Teamsters to Strike All UC Facilities Jan. 10

A plan by the Teamsters union to conduct a one-day labor strike Jan. 10 by clerical workers across the University of California system has been met with recrimination by UC San Diego Health, which said it plans to keep its facilities open during what it called a potentially illegal job action.

Mirati Therapeutics Announces Pricing of Public Offering

San Diego-based Mirati Therapeutics Inc. said Jan. 6 that it priced its initial public offering at $5.60 per share, raising up to $65 million before underwriting and related expenses. The offering is expected to close Jan. 11.

In This Ranking, Qualcomm Places 4th

The scientists and attorneys at Qualcomm Inc. have been busy.

Two Indexes Show Region's Economic Health

A local economic index jumped in November by its biggest margin in more than half a year, owing to improvement in the areas of consumer confidence, residential permitting activity and initial claims for unemployment.

Sharp's Chief Medical Officer Appointed to HQI Board

Sharp Chula Vista Medical Center’s chief medical officer has been appointed to a board that helps a number of state and regional groups improve industry performance and foster innovation.

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Illumina, IBM to Deploy Watson to Take on Cancer Treatments

Illumina Inc. kicked off the J.P. Morgan Healthcare Conference with a bang Monday morning when the company announced a partnership with IBM Watson that could revolutionize cancer care.

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Mast Therapeutics Merges With Austin-Based Biotech

Following a major clinical trial flop, San Diego’s public biotech Mast Therapeutics Inc. will merge with Austin, Texas-based Savara Inc.

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Sunday, January 8

7 Things to Know About GRAIL’s Spinout from Illumina

Illumina Inc.’s much-touted cancer test venture, GRAIL, is spinning out from its San Diego-based parent and raising $1 billion to develop its technology.

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Cohu Filing Could Put Big Bucks in Co.'s Hands

A recent securities filing shows Cohu Inc. is keeping its options open, and might want to raise more funds to finance future business opportunities.

Versant Ventures Announces Leader for New Fund's Investments in San Diego

Versant Ventures, a global health care investment firm, announced it has appointed Clare Ozawa to lead investments in San Diego and in the Bay Area in preparation for the launch of its new $400 million fund.

Knight Time: Legoland Begins Construction on Castle-Themed Hotel

Legoland California Resort has scheduled a Jan. 18 groundbreaking for its planned new castle-themed hotel, which will be the second on-site hotel at the Carlsbad park.

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SDG&E Makes Its Case for Ratepayers to Pick Up $379M of Wildfire Costs

Just before two public hearings on the matter, San Diego Gas & Electric Co. made its case to local news media Jan. 6 why it wants ratepayers to pay 90 percent of the remaining $421 million in unrecovered costs from three devastating 2007 wildfires CalFire officials have blamed on the utility’s power lines.

Business Calendar for Week of January 9, 2017

Some of the business events scheduled in the county for the week of January 9, 2017, and beyond.

Your Golden Ticket for Networking

The San Diego Business Journal’s annual Book of Lists party is on and you are invited.

CUSO, Sorrento's New App Part of Cos.' Push to Expand Tech Options for Clients

San Diego sister broker-dealers CUSO Financial Services LP and Sorrento Pacific Financial LLC have launched a new mobile application for use by the companies’ investment clients.

Silvergate Hires Former Head of San Diego Private Bank to Run Lending Group

Maria P. Kunac, the former CEO of San Diego Private Bank, has been tapped by Silvergate Bank to run its biggest lending unit.

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Local Economic Index Makes Solid Gain in November

A local economic index jumped in November by its biggest margin in more than half a year, owing to improvement in the areas of consumer confidence, residential permitting activity and initial claims for unemployment.

Innovation Fund Makes $500,000 Investment in AristaMD

San Diego digital health company AristaMD has received a $500,000 investment from the Philadelphia College of Osteopathic Medicine’s Primary Care Innovation Fund.

P.B. Apartment Property Sells for $6.5M

George W. and Carol A. Lattimer of San Diego have acquired an 18-unit apartment building in Pacific Beach for $6.5 million, according to brokerage firm Apartment Realty Group (ARG).

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PriceSmart Inc. Reports Q1 Results

PriceSmart Inc., the San Diego-based corporation which operates a chain of discount warehouse club stores in Central America and the Caribbean, reported net income of $24.9 million in its first quarter, which ended Nov. 30.

Friday, January 6

7 Things to Know About GRAIL’s Spinout from Illumina

Illumina Inc.’s much-touted cancer test venture, GRAIL, is spinning out from its San Diego-based parent and raising $1 billion to develop its technology.

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Pacific Beach Apartment Property Sells for $6.5 Million

George W. and Carol A. Lattimer of San Diego have acquired an 18-unit apartment building in Pacific Beach for $6.5 million, according to brokerage firm Apartment Realty Group (ARG).

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Legoland Starting Construction on New Castle-Themed Hotel in Carlsbad

Legoland California Resort has scheduled a Jan. 18 groundbreaking for its planned new castle-themed hotel, which will be the second on-site hotel at the Carlsbad park.

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Local Economic Index Shows November Gain

A local economic index jumped in November by its biggest margin in more than half a year, owing to improvement in the areas of consumer confidence, residential permitting activity and initial claims for unemployment.

Versant Ventures Announces Leader for New Fund's Investments in San Diego, Bay Area

Versant Ventures, a global health care investment firm, announced Thursday it has appointed Clare Ozawa to lead investments in San Diego and in the Bay Area in preparation for the launch of its new $400 million fund.

CUSO, Sorrento's New App Puts Portfolio Management in Clients' Mobile Devices

San Diego sister broker-dealers CUSO Financial Services LP and Sorrento Pacific Financial LLC have launched a new mobile application for use by the companies’ investment clients.

Thursday, January 5

Need a Jump? Poway Tech Firm Has a Solution For That

Poway-based GraceDigital unveiled a pair of new emergency power products under its EcoXGear brand on Jan. 5 at CES, the big consumer electronics show in Las Vegas.

Golf Pro Daniel Berger Signs Deal With Callaway

Carlsbad-based Callaway Golf Co. said Jan. 5 that it has signed Daniel Berger to an endorsement deal.

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Charter School Plans New El Cajon Campus After $4.85M Land Purchase

Locally based Literacy First Charter Schools has acquired a 7.15-acre land parcel in El Cajon for $4.85 million, with plans to develop a new campus, according to CoStar Group and public data.

General Atomics Wins $56.7M Contract to Build Unmanned Aircraft for Spain

Spain wants it own unmanned Predator B aircraft and has placed a $56.7 million order for them through its partner, the U.S. Air Force, the Pentagon announced Jan. 4.

Skin Care Biotech Closes $1.5 Million Funding Round

MatriSys Bioscience, a small biotechnology firm in La Jolla, has landed $1.5 million in a round led by professional angel investing group Tech Coast Angels (TCA).

Tina Nova’s Co. Attracts Seed Money, Key Collaboration with Pfizer Inc.

Ex-Illumina executive Tina Nova’s latest venture has landed $8.2 million in seed money and a collaboration with drug giant Pfizer Inc.

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Policies May Put Cali-Baja Connections at Risk

Usually in American politics, the period between a presidential election and a new administration taking office is typically calm, excluding the freeing of hostages as in the Reagan transition.

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Survivor Bell Makes Statement of Hope, Heroism With Each Ring

Childhood cancer patients at Rady Children’s Hospital received an inspirational opportunity to announce a victory milestone in their battles against cancer.

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Pursuing Perfection

On the far northern edge of Olde Del Mar is a magnificent seaside villa with awe-inspiring views of the Pacific Ocean and the Del Mar racetrack. Once inside the gated entry, the home is a sanctuary of secluded privacy. The elegantly appointed estate was built with meticulous attention to detail and quality of craftsmanship throughout. The oversized parcel features a large grassy area, flagstone patios and a vanishing edge pool and spa that seem to blend into the sea beyond.

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Robo-Advising Advances, But Human Role Still Part of Equation

INVESTMENT: Most Firms Tap Technology For Variety of Services

Billions of dollars in the United States are being managed by algorithms under the auspices of digital platforms such as Wealthfront and Betterment.

Wealth Management Co. Builds Up People, Portfolios and Reputation

Creating Value Is at the Core of Many of Wealth Management Co.’s Moves

Investing is a long-term endeavor. So is building a company.

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CFO Awards Is Chance to Connect With Key Corporate Execs

If you would like this to be a happy new year for you and your firm, you should plan to attend the San Diego Business Journal’s CFO of the Year Awards on March 16. Most outside attorneys report to a company CFO. At a minimum, that’s who is going to pay your bill for legal fees. Having a relationship with a CFO, or CFOs in general, is the best way to build friendships and trust, which lead to billable hours and long-term firm security.

Trolley Plan Helps Get UCSD Downtown

The $2.1 billion Mid-Coast Trolley project has apparently seen its first solid example of economic generation for the region.

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SDG&E’s Setup for Marketing Division Rejected

UTILITY: CPUC Says Utility Needs to Establish Independence of Job Roles

The California Public Utilities Commission has rejected San Diego Gas & Electric Co.’s initial plan for forming an independent marketing division that would give customers information about local entities proposed to compete with the utility.

Regulators Move To Relax Report Rules

FINANCE: Small Banks Would Benefit From Proposed Changes

Federal banking regulators plan to relax quarterly reporting requirements for banks with less than $1 billion in assets and no overseas offices starting March 31.

A ‘Weekend’ Without Borders

Google and Techstars’ regional event, Startup Weekend, is coming back to San Diego later this month, but this time the group is hosting its brainstorming session on both sides of the border.

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SeaWorld Still Looks to Make a Splash Without Orca Shows

PARKS: New Attractions Aimed at Teens, Competition

With its iconic performing whale shows now history, the parent of SeaWorld San Diego is investing heavily in new attractions to widen the theme park’s appeal and reverse setbacks in attendance and public relations.

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General Atomics Putting a Lot of Energy Into Its Reactor Work

It is a slow process, making the gigantic electromagnetic coils that will one day sit at the center of the ITER nuclear fusion reactor in the South of France.

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Arena Weighs Advantages, Decides to Deal Belviq to Eisai

San Diego drugmaker Arena Pharmaceuticals Inc. is unloading its only FDA-approved drug, the anti-obesity pill Belviq, to its longtime Japanese partner, Eisai Co. Ltd.

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Electrical Contractor Buys Poway Campus for $6.4 Million

Construction services provider Ickler Electric Corp. has purchased a Poway office and warehouse campus for approximately $6.4 million, with plans to relocate its headquarters to the two-building property.

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C-Suite Shuffle at Amplyx Pharmaceuticals

Mike Grey, a veteran of the biotech industry, is stepping aside from his role at Amplyx Pharmaceuticals Inc. and handing the reins to Ciara Kennedy, the company’s chief operating officer.

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Hillcrest Blueprint for Affordability Coming

PROPERTY: Development To Be Part of Climate Goals

The San Diego City Council recently removed a barrier to potential high-rise development in the core of the popular Hillcrest neighborhood, though it could be a year or more before a development blueprint for the neighborhood is in place.

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Costs Could Snag GA’s New Arresting Gear

DEFENSE: Navy Must Ensure Future Adoption

Congress wants more information on a San Diego defense contractor’s big project before it releases more money for it.

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Co.’s Stove Is Source Of ‘Alternative Energy’

TECH: Variety of Applications Seen for Thermoelectric Systems

Jill Elsner and Fred Leavitt were anxious to show off their company’s latest technological innovation, but they couldn’t just fire it up inside their Miramar Road offices. Breakthrough or not, it puts out a fair amount of smoke.

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Battery Facility Is Source of Pride

UTILITY: SDG&E Meets Deadline, Learns Lessons on Storage Project

The nation’s largest battery storage facility consists mainly of two dozen white, shipping container-size buildings lined up next to an Escondido electrical substation. It looks like a trailer park devoid of cars and residents.

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Wednesday, January 4

Qualcomm Shows Off Latest Chip and It's Packed

Know the number: 835.

Macy’s Closing Apparel Store in Mission Valley

A Macy’s apparel store at Westfield Mission Valley is among 65 stores nationwide slated to be closed during 2017 by the retailer.

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Mary Naggs Joins Executive Team at Apricus Biosciences

Local drugmaker Apricus Biosciences Inc. has promoted its internal associate general counsel, Mary Naggs, to the company’s executive team.

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Dr. Michael Sise Named Chief of Staff at Scripps

Vascular surgeon Dr. Michael Sise has been elected chief of staff by doctors at Scripps Mercy Hospital’s Hillcrest and Chula Vista campuses.

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Retail Property in Scripps Ranch Sold for $11 Million

Shah Family Trust of San Diego has acquired a Scripps Ranch retail property for $11 million, according to brokerage firm CBRE Group Inc.

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Escondido Retail Center Sells for $40.1 Million

An affiliate of New York-based Brixmor Property Group has acquired the Felicita Town Center retail property in Escondido for $40.1 million, according to CoStar Group and public data.

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Bank of Southern California Completes $7 Million Capital Offering

San Diego-based Bank of Southern California announced Wednesday it has completed a capital raise of $7 million through its second common stock offering in as many years.

Arena Pharmaceuticals Bails on Its Weight-Loss Drug

San Diego drugmaker Arena Pharmaceuticals Inc. is unloading its only FDA-approved drug, the anti-obesity pill Belviq, to its longtime Japanese partner, Eisai Co. Ltd.

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Genomics Pioneer Craig Venter Relinquishing CEO Role at HLI

Local genomics legend J. Craig Venter is stepping aside from his post as chief executive officer of Human Longevity Inc., turning over the helm to former GE Healthcare executive Cynthia Collins.

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Tuesday, January 3

Qualcomm Rolls Out Initiatives on Eve of CES

Hoping to speed its fifth-generation wireless technology to market, Qualcomm Inc. plans to test the novel technology in the United States in cooperation with AT&T Inc. and Ericsson during the second half of 2017, the company said on Jan. 3. Tests will be in the lab and in the field.

Barons Market Opens Latest Store in North Park

Barons Market recently opened a new store in North Park, the seventh location for the San Diego-headquartered specialty grocer.

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Local Construction Starts Rose 44 Percent in 2016’s First 11 Months

San Diego County’s construction starts rose 44 percent from a year ago, topping $4.52 billion in value in the first 11 months of 2016, according to research firm Dodge Data & Analytics.

Teledyne SeaBotix Earns Military Contract for Underwater Robots

San Diego-based Teledyne SeaBotix will supply 60 small unmanned underwater vehicles to U.S. military units specializing in explosive ordnance disposal, under a recently announced Pentagon contract.

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Poseida Therapeutics Hires Regulatory Affairs Expert

Poseida Therapeutics Inc., a local firm using gene editing to develop medicines, announced that Debra Gessner, an expert in regulatory affairs, will join the company’s executive team.

Navy Awards Five-Year Contract to QED Systems Inc.

QED Systems Inc. received a five-year contract to provide services to the U.S. Navy, a contract that will bring tens of millions of dollars to the San Diego region.

Co.: S.D. Home Prices Will Continue to Outpace Rest of State

Real estate information service CoreLogic predicted San Diego County home values will continue to outpace the rest of the state, rising an average of 10.1 percent by November 2017 as compared with November 2016 levels.

New SeaWorld San Diego Coaster Set to Open in 2018

SeaWorld San Diego has announced plans for Electric Eel, a new looping roller coaster with multiple launch elements, slated for a summer 2018 opening.

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Monday, January 2

Qualcomm, Meizu Settle Patent Problems

Qualcomm Inc. announced on Dec. 30 that it has signed a patent license deal with a Meizu Technology Co. Ltd. of China, a former opponent in the Chinese courts.

Regulators Plan to Streamline Call Report Requirements for Small Banks

Federal banking regulators plan to relax quarterly reporting requirements for banks with less than $1 billion in assets and no overseas offices starting March 31.

CPUC Doesn't See Enough Independence in SDG&E's Initial Plan for Independent Marketing Division

The California Public Utilities Commission has rejected San Diego Gas & Electric Co.’s initial plan for forming an independent marketing division that would give customers information about local entities proposed to compete with the utility.

The Business Calendar for the Week of January 2, 2017

Some of the business events scheduled in the county for the week of January 2, 2017, and beyond.

Network in the New Year

The San Diego Business Journal’s annual Book of Lists party is on and you are invited.

Kratos Receives $17.5M Government Contract

San Diego-based Kratos Defense & Security Solutions Inc. announced Dec. 29 that it received a $17.5 million contract for command, control and communications from a U.S. government agency.

Women Entrepreneurs Invited to Put Their Innovation to the Test in SBA Competition

The U.S. Small Business Administration on Dec. 29 announced the launch of its third annual nationwide business competition for women entrepreneurs.

Northrop to Do Some Satellite Link Work in San Diego

Northrop Grumman Corp. will continue work on a military satellite link under a U.S. Navy contract worth $16.9 million and lasting through September 2018.