Stories for June 2017

Friday, June 30

Business Calendar for Week of July 3, 2017

Some of the business events planned in the county for the week of July 3, 2017, and beyond.

Local Economic Index for May Shows Little Change

A local index of leading economic indicators for San Diego County barely budged in May, rising by 0.1 percent compared to April as the components of the index moved minimally.

Sorrento Therapeutics Gets FDA OK for Human Trials of Non-Opioid Pain Treatment

Local drugmaker Sorrento Therapeutics Inc. just got the OK from regulators to start human trials for a non-opioid medicine that might treat chronic pain.

Imprimis to Focus on Ophthalmology, Sells Pennsylvania Facility and Some Assets

San Diego’s Imprimis Pharmaceuticals is selling off some assets and closing a facility in Pennsylvania as part of a move to focus its research pipeline.

California Economic Index Is Still Climbing

Comerica Bank’s California Economic Activity Index increased by 0.9 of a percentage point in April to reach 129.7, marking more than a year of consecutive gains.

Comic-Con to Stay in S.D. Through 2021

Comic-Con International will remain in San Diego through 2021.

Thursday, June 29

John Roshala Promoted to President at NoteVault

San Diego-based construction technology company NoteVault has promoted John Roshala, chief revenue officer, to president.

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Earley Departs Red Cross, Joins West Health

Bill Earley has been named chief administration officer and general counsel of West Health, a group of nonprofit organizations dedicated to helping seniors successfully age in place with affordable, high-quality health and support services.

AristaMD's Founder Leaves Company

Rebecca Cofinas, founder and CEO of San Diego's AristaMD, has left the digital health company.

Sempra Signs MOU With Korea Gas Corp.

Korea Gas Corp., one of the world’s largest buyers and importers of liquefied natural gas, has emerged as a potential partner in — and customer for — Sempra Energy’s proposed liquefied natural gas plant on the Gulf of Mexico.

Workplace Civility Depends on Accountability

The world is a cruel place. For many, the workplace is, too. In fact, we are in a “civility crisis,” according to Weber Shandwick, the firm that conducts a Civility in America Poll each year.

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Event’s Efforts Translate to 180,000 Meals for Local Seniors

More than 300 people attended the fifth annual Serving Seniors’ “Experience of a Lifetime: Uncork Your Support” held recently at the Del Mar Country Club in Rancho Santa Fe.

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Little Relief For Renters In Tight Market

Even as development ramps up, San Diego County’s apartment market remains extremely tight at the halfway point of 2016, and the vacancy climate is expected to remain especially tight outside the city of San Diego, where most of the new local units are being built and delivered lately.

Will Sustainability Help Make the ‘Sale’?

San Diego-based Newland Communities has reworked its plans for the proposed Newland Sierra residential development near Escondido, with features that the developer says will make it the county’s first carbon-neutral community.

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Retail Sites Easily Make Substitutions for Sporting Goods Losses

It didn’t take long for three North County retail centers to fill holes left by last year’s extinction of two long-struggling U.S. sporting goods chains, Sports Authority and Sport Chalet.

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Let the Sights and Sounds of the Surf Welcome You Home

The sea has its own landscape of sorts, different from the land in its shifting scenes of sky, clouds, wind and waves. Sometimes still, sometimes violent, it’s an ever-changing theater of light and shadow that speaks to the soul.

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Frank Motors Is Committed To Both Customers and Its Employees

Entrepreneurial Spirit Runs in Family; New Superstore All About Customer Service

Perspective, flexibility and communication. Together, those three elements have proven crucial to the continued success of the family owned and operated Frank Motors Group in National City.

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Family Auto Dealership Is Confident In Its Strengths

Nimbleness, Community Ties, and Customer Service Work

Nearly 90 years, four generations and more than a dozen car makes later, the Hoehn family is showing no signs of slowing down its automobile dealership business.

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S.D.’s Reputation Draws 2 Canadian Biotechs to Town

Two Canadian biotechnology companies — both of which are developing cancer treatments — opened offices in San Diego last week.

VC Regatta Is Smooth Sailing for Making Relationships

INVESTMENT: No Deal-Making Pressure At Informal Event

They may not be signing any term sheets while out on the water for San Diego’s annual VC Regatta, but venture capitalists who came from out of town this year for the event say it is a way to meet members of San Diego’s startup scene and form in-person connections.

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‘Safe Core’ Battery Technology Draws Qualcomm Investment

TECH: Amionx Created to Commercialize Tech From Its Sister, a Defense Co.

One of the biggest engineering puzzles of the decade is how to make peace with a new generation of batteries. Lithium-ion batteries are wonderful — they are powerful, capable and able to last a long time between charges — but they can also be prone to fire or explosion.

Formula Plotted Course That Led to Havas

PR: Acquisition Opened Door to Competing With Biggest Players

Michael Olguin spent more than 20 years building Formula, the public relations firm he founded in 1992 in downtown San Diego and grew to become a bicoastal enterprise.

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CEO Finds Right Person For Job Is Not Herself

Forced by federal regulators to hang on to a hardware business they had committed to selling, board members of Inseego Corp. made a 180-degree turn. They took the business, called MiFi, off the market and dug back into it with a renewed vigor.

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SoCal Alliance Seeks Entrepreneurial Clout

ECONOMY: Priority Is to Get Top Tier VCs Into the Region

Iconic entrepreneurial ecosystems have sprouted up in the main regions of Southern California. San Diego is known for biotech. Orange County has a reputation for medtech and life sciences. And Los Angeles has spawned social media, entertainment and e-sports startups.

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Consolidation Changes Competition for Car Sales

Public Cos. Have More of A Presence in the Sector

After 71 years as a family business, Fuller Motors of Chula Vista is now owned by a public company — continuing a trend that is steadily making family-owned auto dealerships a minority in the marketplace.

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Former Company's Drug, CEO Back in S.D. With New Firm

A drug whose failure led local biotech Celladon Corp. to fold in 2015 is coming back to San Diego, and in the hands of a former Celladon executive.

Probe of Qualcomm-NXP Merger Hits Snag

The European Commission has paused its antitrust investigation into Qualcomm Inc.’s acquisition of NXP Semiconductors N.V.

FDA Clears Quidel Corp.'s Diagnostic Test

Quidel Corp. got the green light to sell a new diagnostic test that can detect a respiratory virus in children.

Wednesday, June 28

Meet San Diego’s Best Places To Work!

The top 100 Best Places To Work will be honored at a luncheon/awards ceremony on Sept. 14 at Paradise Point Resort & Spa.

Imprimis Well-Positioned for Generic Drugs Push

Federal support for more competition among drugmakers may be a boon for San Diego-based Imprimis Pharmaceuticals Inc., a maker of generic drugs meant to compete with pricier pharmaceuticals.

Continental Maritime Gets $37.8 Million Navy Contract

The U.S. Navy awarded Continental Maritime a $37.8 million delivery order to cover shipyard work to the Ticonderoga-class cruiser USS Chosin.

Tapestry Solutions to Share $28M Contract

San Diego-based Tapestry Solutions Inc., a part of Boeing Co., received a $28 million U.S. Air Force contract that it will share with another Boeing unit, Jeppesen.

Neil Reisman Joins Board at Mirati Therapeutics

San Diego-based biotechnology company Mirati Therapeutics Inc., a clinical-stage company developing targeted oncology products, has added Neil Reisman to its board of directors.

Aethlon Medical Says Revenues Down, Reserves Running Low

Local device maker Aethlon Medical reported that its revenues are down for fiscal 2017, and its cash reserves are being depleted.

S.D. Adds 5,000 Construction Jobs

The number of construction jobs in San Diego hit 80,300 in May, 7 percent more than a year ago, according to the latest analysis from the Associated General Contractors of America of federal jobs data.

Navy Awards Kratos $37.1 Million Contract for Drones

Kratos Defense & Security Solutions Inc. received a big contract for jet-powered target drones, used in military war games. The U.S. Navy announced the $37.1 million contract modification on June 27.

Tuesday, June 27

SeaWorld Entertainment Releases Inaugural Corporate Responsibility Report

SeaWorld Entertainment Inc., a theme park and entertainment company, released its inaugural 2016 Corporate Responsibility report providing an overview of its operations that the company says support its mission to provide experiences that matter, inspiring people to protect animals and the wild wonders of the world.

Real Estate Tech Startup Raises $5 Million

Another local tech startup is taking on the real estate industry, and this one’s armed with $5 million in new cash.

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S.D. Logs 2 IPOs So Far, Anticipates More by Year's End

The number and proceeds of initial public offerings globally this year look set to surpass 2016 after a robust first half of the year – and San Diego is following the trend, says Tim Holl, a partner in professional services firm EY’s local office.

Navy to Spend Hundreds of Millions for Help at Point Loma Lab

Six companies received contracts to provide support services at the U.S. Navy’s Point Loma lab. Under the best of circumstances, the work announced on June 14 will extend to the middle of 2022.

Nominations Deadline Extended for Best Practices In Diversity and Inclusion

The San Diego Business Journal is hosting an awards program and discussion featuring companies who have shown an exceptional commitment to promoting practices that advance diversity and inclusion in the workplace and in business leadership.

Clinical Trial Failure Could Be End for Neothetics

San Diego’s fat-busting biotech Neothetics Inc. has been dealt yet another (likely final) blow.

Mayor Travels to Vancouver; Canadian Co. Announces Expansion to S.D.

Mayor Kevin Faulconer joined San Diego civic and business leaders in a trip to Vancouver this week to strengthen trade ties in Canada.

Residential Real Estate Brokerage Launches

RezList, a new San Diego-based residential real estate brokerage, has launched in San Diego and in San Francisco, the company said Monday.

Monday, June 26

North American Soccer League Coming to S.D.

Less than a week after the San Diego City Council rejected a special election for the proposed "Soccer City" redevelopment of the Qualcomm Stadium site in Mission Valley, the North American Soccer League announced it has selected San Diego as its newest expansion market.

San Diego Business Journal Recognized in National Contest

The San Diego Business Journal was awarded the silver prize for best newspaper during the annual Editorial Excellence Awards at the Alliance of Area Business Publishers conference in Dallas.

Mounting Losses Force Closure of Suzie's Farm

Suzie’s Farm, an organic farm in San Diego’s Tijuana River Valley, is closing after eight years in business.

Failing to Grasp Loan Terms Can Be Costly to Companies

FINANCE: Online Lenders Offer Fast Cash at a Price

For the husband-and-wife team behind Kindred Bravely, an Oceanside-based e-commerce retailer of maternity clothing, it was their business success — not their struggles — that prompted them to turn to a well-known online lender.

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NYC’s Past Will Have Presence in Gaslamp

The eating and drinking lineup in downtown’s always-evolving Gaslamp Quarter is about to get a splashy new arrival, helmed by six veterans of San Diego’s hospitality scene.

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ViaSat Awarded $88.3 Million Military Contract

ViaSat Inc. reported on June 26 that it received an $88.3 million contract to provide radios to the U.S. Navy and the U.S. Air Force, adding that it is tripling its production capabilities for so-called MIDS JTRS terminals.

Youngevity Now Trading on The NASDAQ Capital Market

Chula-Vista-based Youngevity International Inc., an omni-direct lifestyle company, and a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced recently that its common stock commenced trading on The NASDAQ Capital Market LLC under the symbol YGYI.

S.D. Cos. to Share $492 Million Navy Contract

Four companies will divide up to $492 million worth of orders over an eight-year period, thanks to contracts recently awarded by SPAWAR, the U.S. Navy’s information technology command. A good deal of the work will flow to San Diego.

Sunday, June 25

Local Hotels Post 6.4% Revenue Gain in First 5 Months of 2017

San Diego County hotels saw total revenue rise 6.4 percent from a year ago in the first five months of 2017, topping $1.08 billion, according to the latest monthly data from research firm STR.

Coding and Coffee by the Gallon: Programmers Hack All Night

Who would stay up all night writing computer code? Even if they didn’t have to? Even if it’s mostly for bragging rights?

Boston Borrows Some Startup Inspiration From San Diego

San Diego’s grassroots startup event, San Diego Startup Week, has apparently inspired another major city to organize a startup week of its own.

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Southwest to Start Direct Local Flights to Tampa in 2018

Southwest Airlines Co. plans to begin nonstop service between San Diego and Tampa, Fla., starting on Jan. 8, 2018, the Dallas-based carrier announced.

Eton Pharmaceuticals Raises $20M in Private Placement

Eton Pharmaceuticals Inc., a spinout from San Diego-based Imprimis Pharmaceuticals Inc., has raised $20 million in a private placement of preferred stock.

Palomar Display Products Awarded $9.3M Army Contract

The U.S. Army awarded Palomar Display Products a $9.3 million contract modification, letting the Army buy more of the Carlsbad company’s binocular image control units.

The Business Calendar for the Week of June 26, 2017

Some of the business events scheduled in the county for the week of June 26, 2017, and beyond.

S.D. Apartment Property Sells for $73 Million

Affiliates of Palo Alto-based Pacific Urban Residential have acquired a 169-unit Mira Mesa apartment property for approximately $73 million, according to CoStar Group and public data.

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Cannabis-Ancillary Industry Accelerator to Hold Demo Day

Canopy San Diego, an accelerator for startups in the legal cannabis ancillary space — those are businesses that don’t work directly with marijuana, but support those who do — will show off its portfolio companies at a demo day on June 28.

Friday, June 23

It's Coding and Coffee by the Gallon: Programmers Hack All Night

Who would stay up all night writing computer code?

For San Diego’s Startup Week, Imitation Is Sincerest Form of Flattery

San Diego’s grassroots startup event, San Diego Startup Week, has apparently inspired another major city to organize a startup week of its own.

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Eton Pharmaceuticals Inc. Raises $20M in Private Placement

Eton Pharmaceuticals Inc., a spinout from San Diego-based Imprimis Pharmaceuticals Inc., has raised $20 million in a private placement of preferred stock.

Cannabis-Ancillary Company Accelerator to Hold Demo Day

Canopy San Diego, an accelerator for startups in the legal cannabis ancillary space – those are businesses that don’t work directly with marijuana, but support those who do – will show off its portfolio companies at a demo day on Wednesday.

Business Calendar for Week of June 26, 2017

Some of the business events planned in the county for the week of June 26, 2017, and beyond.

Local Hotels Post 6.4 Percent Revenue Gain in First 5 Months of 2017

San Diego County hotels saw total revenue rise 6.4 percent from a year ago in the first five months of 2017, topping $1.08 billion, according to the latest monthly data from research firm STR.

Southwest Starting Direct Local Flights to Tampa in 2018

Southwest Airlines Co. plans to begin nonstop service between San Diego and Tampa, Fla., starting on Jan. 8, 2018, the Dallas-based carrier announced.

San Diego Apartment Property Sells for $73 Million

Affiliates of Palo Alto-based Pacific Urban Residential have acquired a 169-unit Mira Mesa apartment property for approximately $73 million, according to CoStar Group and public data.

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Palomar Display Products Awarded $9.3 Million Army Contract

The U.S. Army awarded Palomar Display Products a $9.3 million contract modification, letting the Army buy more of the Carlsbad company’s binocular image control units. T

Thursday, June 22

Does Fiduciary Rule Give RIAs Competitive Edge?

As the independent segment of the investment advisory business continues to grow, the U.S. Department of Labor’s recently implemented retirement-savings regulation, known as the fiduciary rule, may increase those advisers’ competitive advantage over traditional broker-dealers.

S.D. Startups Chasing a Good Cause

Ever since the success of TOMS shoes — and the rise of "social impact ventures" — startups have been leveraging social and environmental causes to drive sales.

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General Dynamics Says It's No. 1 in Ouput

General Dynamics NASSCO has claimed the greatest output from a single U.S. shipyard since World War II.

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Navy Reportedly Picks Ships for UAV Operations

The aircraft contract isn’t awarded yet, but the U.S. Navy has already decided which of its aircraft carriers will launch and retrieve the MQ-25A Stingray unmanned aircraft.

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GA-ASI Shot Down in Court, Still Ready to Celebrate Its Successes

Germany will go ahead with plans to use Heron unmanned aircraft made by Israel Aerospace Industries, leasing those Heron drones from Airbus. General Atomics Aeronautical Systems Inc. wanted that business for itself and tried get it, going as far as a German court to get the government to reconsider GA-ASI’s proposal. But the company’s gamble didn’t pay off. The court ruled on May 31 that the German government could lease the Herons, Defense News reported.

Support CalCAP for Small-Business Lending

Small businesses provide economic opportunities, jobs and services we all rely on. But the future of a state program that helps entrepreneurs like us get the capital we need to launch and grow our businesses is in jeopardy.

San Diego Medical Office Building Sells for $28.5 Million

A joint-venture affiliate of San Diego-based Coast Income Properties Inc. has acquired a medical office building in Carmel Valley for $28.5 million, according to CoStar Group and public data.

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Transparency Essential to Medical Device Safety

The San Diego area has earned its ranking as one of the top locations for medical imaging innovation. Our responsibility as medical imaging device manufacturers, however, does not end once our latest technologies hit the market. We follow our devices through their lifecycles, paying special attention to the servicing they receive.

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Golf Becomes a Team Sport at Drives For Rides Tournament

The 5th annual Drives for Rides golf tournament benefitting the Emilio Nares Foundation, a nonprofit that helps families navigate their child’s journey through cancer, was hosted by gap intelligence at the Encinitas Ranch Golf Course. The event included a golf tournament with raffles and a silent auction, followed by a dinner banquet, during which guests heard from a family helped by the Emilio Nares Foundation.

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Survey: S.D. CIOs Looking to Hire in Second Half of 2017

Twenty-one percent of chief information officers in the San Diego area plan to hire full-time technology professionals in the second half of 2017, according to a forecast from Robert Half Technology, a division of Menlo Park-based recruitment firm Robert Half.

Proposed Bank Already Has Solid Community Ties

Home-Grown Leadership Looking to Share And Support S.D.’s Entrepreneurial Spirit

Acraft beer entrepreneur, a real estate investor and a philanthropist walk into … a bank?

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Two Attorneys Promoted to Partner at Tyson & Mendes

Insurance defense law firm Tyson & Mendes LLP recently promoted attorneys Cayce Greiner and Dan Fallon to partner in the firm’s San Diego headquarters. Greiner previously served as special counsel in Tyson & Mendes’ San Diego office, focusing primarily on general liability and commercial litigation, while partnering with defense litigation teams within the firm on cases involving complex issues, and catastrophic injury. She leads the firm’s Client Services Department and chairs its Women’s Initiative and Young Professionals Group.

Software Startup Cloudbeds Raises $9 Million

San Diego software startup Cloudbeds has raised $9 million in new funding, setting the company up to boost its headcount and possibly acquire other companies, the startup said.

Garden Shop Relocates; Bikes, Ballet And Cookies Make Their Move

Glendora-based Armstrong Garden Centers recently opened its relocated store in San Diego’s Morena neighborhood, now at 1364 Morena Blvd. after moving from 1350 W. Morena Blvd. Operators said the move was necessitated by changes in the neighborhood brought about by development of a new station as part of the Mid-Coast Trolley extension project. The garden supplies retailer operates 32 California stores, including seven in San Diego County.

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Major Reconfiguration in the Works for UCSD Main Campus

Within the next six years, University of California, San Diego as it’s now known to visitors could be looking very different. Construction should be getting in gear starting next summer for what’s expected to be a major, long-range reconfiguration of the main campus in La Jolla.

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Flights to Bring Key Connection to Continental Europe

TOURISM: S.D. Still Eyeing Tourism-Rich China Market

Airport and tourism officials say German carrier Lufthansa’s direct local flights to Frankfurt, set to begin next summer, will give the San Diego region its first major, full-year air connections with continental Europe.

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City Council Rejects Special Election for SoccerCity Project

The San Diego City Council has voted 5-4 to defer the proposed SoccerCity mixed-use development to the November 2018 general election, despite pleadings from project supporters that a vote was needed this year in order to meet timelines for delivering a pro soccer franchise to the city.

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Navy Deploys Augmented and Virtual Reality for Many Tasks

DEFENSE: From Repairs To Simulated Combat, Lab Explores the Possibilities

Everyone, it seems, wants to see the BEMR Lab. U.S. Navy scientists and engineers run the shop devoted to virtual reality and augmented reality at the Navy’s research complex at Point Loma.

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Co.’s New CEO Makes Structural Repairs

SERVICE: Kleinfelder’s Leader Switches to Geographic Divisions

It’s easy, in theory, for a company to boost profits by improving the product it sells. But San Diego-based Kleinfelder Inc. doesn’t have a product, per se.

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Bayfront Hotel Gets Official Approvals

TOURISM: Chula Vista’s $969M Plan May Change Tourism Map

After two decades of talk about developing Chula Vista’s waterfront, officials have set the stage for a $969.3 million hotel project that could give San Diego County’s second-largest city its first significant share of the region’s tourism and convention dollars.

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Company’s Algae Strain May Be Relative ‘Gusher’

BIOTECH: Higher Oil Yield Opens Up Possible Uses

Those still rooting for the biofuel industry got a glimmer of hope June 12 when local firm Synthetic Genomics announced a potential breakthrough in how algae is produced for fuel.

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Growth, Success Bring Seismic Challenges

VC Funds Change Pace, Enable Co. to Plan Ahead

From five guys working out of a basement in Solana Beach to a multimillion-dollar tech company employing hundreds, Seismic Software Inc. has become one of San Diego’s fastest-growing software firms.

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CUSO Financial Services Adds 3 Credit Unions

San Diego's CUSO Financial Services LP recently announced it has added three Washington state-based credit unions to its roster.

New Grocery Outlet in Fallbrook Is 14th Store in Local Market

Emeryville-based discount retailer Grocery Outlet Bargain Market has opened a new store in Fallbrook, its 14th location in San Diego County.

Wednesday, June 21

Former Vibra Bank Exec Pleads Guilty to Wire Fraud

Dan Schon, a former executive at Vibra Bank, pleaded guilty on Tuesday to wire fraud, according to a statement from the Office of the U.S. Attorney for the Southern District of California.

Donnie Dee to Lead San Diego Rescue Mission

Donnie Dee is the San Diego Rescue Mission’s new president and CEO.

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Rock My World’s Chatbot Is Ready To Pump You Up or Slim You Down

Local app startup Rock My World is entering the booming ‘chatbot economy’ this month, launching an artificially intelligent software bot that acts like a personal trainer.

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Eli Lilly's $90M Expansion Doubles Co.'s Local Footprint

Global drugmaker Eli Lilly and Co. has more than doubled its footprint in San Diego with a $90 million expansion of its local Biotechnology Center.

Rosetta Joins Kilroy Realty as Chief Investment Officer

Steve Rosetta, who most recently served as a San Diego-based vice chairman and Global Advisory Board member at brokerage firm Cushman & Wakefield, has joined Kilroy Realty Corp. as executive vice president and chief investment officer.

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ViaSat Inc. Receives Multiyear Contract From Boeing Co.

Carlsbad-based ViaSat Inc. said it received a multiyear contract from the Boeing Co. to provide tactical wireless communications terminals for Apache Guardian helicopters. Financial terms of the deal were not disclosed.

San Diego Firm Buys Vista Apartment Property for $134 Million

An affiliate of San Diego-based MG Properties Group has acquired the 410-unit Alexan Melrose apartment community in Vista for $134 million, according to CoStar Group and brokerage firm Holliday Fenoglio Fowler LP (HFF).

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San Diego Sport Innovators Accepting Applicants for Accelerator

San Diego Sport Innovators (SDSI), the nonprofit business development organization for the sports and active lifestyle (SAL) industry, is now accepting applications to its business accelerator program through July 31.

LEAD San Diego to Become Affiliate of S.D. Regional Chamber of Commerce

Local leadership development organization LEAD San Diego is joining the San Diego Regional Chamber of Commerce as an affiliate organization as part of a deal between the organizations to unite their leadership programming under one roof.

Tuesday, June 20

HoyleCohen Merges With Libbie Agran Financial

HoyleCohen LLC, a wealth management and financial planning firm headquartered in San Diego, has merged with Santa Monica-based registered investment advisory firm Libbie Agran Financial Services & Seminars.

Port, Chula Vista Officials Approve Development of Convention Hotel

Port district and Chula Vista city leaders have approved a resolution calling for the development of a $969.3 million, 1,450-room convention hotel project, deemed the lynchpin for long-sought commercial development of the Chula Vista bayfront.

San Diego Startup Recounts Experience at Bay Area Accelerator

San Diego startup LabFellows has returned from a long stint in San Francisco, where the company committed four months to tech accelerator Accelerprise.

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Akcea Therapeutics Announces $100 Million IPO

Akcea Therapeutics, a spinout and subsidiary of Carlsbad drugmaker Ionis Pharmaceuticals, plans to raise $100 million in an initial public offering, the company announced Tuesday.

Oceanside Apartments Sold for $3.7 Million

Encinitas-based SJR Real Estate Holdings LLC has acquired a two-building Oceanside apartment property totaling 11 units for $3.7 million, according to brokerage firm Palma Commercial.

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Qualcomm Invests in Carlsbad Battery Technology Maker

Qualcomm Inc. said June 20 that it made a strategic investment in a Carlsbad battery technology maker called Amionx.

Robert D. Dawson Named President/CEO at RF Industries

RF Industries, the San Diego electronic component maker, has hired Robert D. Dawson as president and CEO.

City Council Rejects Special Election for SoccerCity Project

San Diego City Council has voted 5-4 to defer the proposed SoccerCity mixed-use development to the November 2018 general election, despite pleadings from project supporters that a vote was needed this year in order to meet timelines for delivering a pro soccer franchise to the city.

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Monday, June 19

Eroding Protections Is No Path to Fixing BOE

The State Board of Equalization has been in the headlines lately, after an evaluation by the Department of Finance revealed that the tax agency misused revenue-generating staff and misallocated some tax revenue among various funds. But rather than focusing on correcting these problems, some critics are trying to use the situation as an excuse to do away with taxpayer protections.

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Rewarding Value is Key to Sustainable R&D

From software to satellites to solar power, research and development is the centerpiece of California’s innovation economy.

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‘Changing the Odds’ Gives Kids Chance to Excel at School, Life

United Way of San Diego County’s first “Changing the Odds Community Breakfast” was held recently at the San Diego Convention Center.

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Nature’s Beauty Is Your Constant Companion on This Property

The family-friendly town of Ramona in the heart of San Diego County is well-known for its miles of hiking, biking and equestrian trails. But in the past decade or so, Ramona has also established itself as a destination for wine lovers.

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Taking Stock of the IPO Route

Rising Markets Fail to Draw Many Local Newcomers into Public Arena

If past is precedent, 2017 appears to be a good year for local companies looking to raise more capital through an initial public offering.

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We’re No. 9…We’re No. 9

When it comes to industry clout, San Diego ranks No. 9 among the top 25 U.S. “Tech Cities.” Brokerage firm Cushman & Wakefield’s inaugural tracking report on the sector is based on factors such as real estate and housing costs, educated workforce, capital availability and job growth prospects.

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L.A. Investor Buys Center; The Food Just Keeps Coming

Investor Brittanya McCall Razavi of Los Angeles is the new owner of the historic Heritage Square retail center in downtown Fallbrook, after acquiring the property at 507 S. Main Ave. and 110-122 W. Beech St. for approximately $1.37 million. According to Lee & Associates, whose brokers Al Apuzzo, Patrick Miller and Matt Weaver represented seller Heritage Square Investments, the buyer plans to hold the 7,884-square-foot property for future development.

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Upscale Retail Will Be at Home In UTC’s $600M Expansion

As other local observers have pointed out, the oft-repeated mantra about U.S. retail — “the mall is dead” — has never really applied to the San Diego market.

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Cox May Be Acquisition Target

A few notes about Cox Communications: There is a rumor afoot that the privately held Atlanta company, a dominant San Diego cable provider and the third-largest in the country, may be bought by Altice USA Inc., the No. 4 cable provider. FierceCable recently reported the rumor. Cox responded with this statement: “We are not for sale and, in fact, we are making aggressive investments of our own.” Altice is taking steps toward a $1.35 billion initial public offering and plans to use the funds for acquisitions.

New Investors Eyeing Local Startups

A new group of investors has opened up shop in San Diego, investing in seven companies (many of them local tech startups) in less than three months.

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Major Reconfiguration in the Works for UCSD Main Campus

Six years from now, the main La Jolla campus of University of California, San Diego could be looking very different from what currently greets its students, staff and visitors.

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Moore Sets Sail on Latest Effort to Connect With VCs

CAPITAL: Regatta Provides Backdrop for Building Relationships

The spatters of seawater on Terry Moore’s T-shirt from an afternoon of sailing off Point Loma had barely dried when he took a seat on the deck of the San Diego Yacht Club following last summer’s fourth annual VC Regatta.

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S.D. Genomics Industry Producing $5.6 Billion in Economic Impact

San Diego’s genomics industry is generating $5.6 billion in economic activity — more than the entire research community — according to a new report published by the San Diego Economic Development Corp.

Six San Diego Cos. Set to Compete in BIO's Startup Stadium

Six San Diego startups were chosen as finalists for Startup Stadium, a pitch competition for early-stage entrepreneurs going this week at the 2017 BIO International Convention.

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Michael Zucchet Sworn In as Port Commissioner

The Port of San Diego swore in Michael Zucchet as its newest commissioner on June 15. Zucchet represents the city of San Diego on the board.

National City Hotel Rebranded as Ramada after $1M Renovation

A former Clarion Hotel in National City recently reopened under the Ramada banner following a $1 million renovation of the 180-room property at 700 National City Blvd.

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San Marcos' Hunter Industries Acquires Dispensing Dynamics

Hunter Industries of San Marcos said on June 16 that it bought Dispensing Dynamics International, based in the City of Industry.

Firm Lands at Intersection of Health Care and Medical Devices

TECHNOLOGY: Sweet Spots are Industrial Design And Product Engineering

Industrial designer Chris Ross sees a great convergence in the latter half of the 2010s. It’s happening in the field of medical devices.

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Regents Bank Promotes Friedman to Regional President for San Diego Offices

La Jolla-based Regents Bank, a division of Los Angeles-based Grandpoint Bank, has promoted Stephen Friedman to regional president over the bank’s San Diego County offices.

Bankers Hill Apartment Property Sold for $2.39 Million

Robert Miles Living Trust of San Diego has acquired a five-unit apartment property in Bankers Hill for approximately $2.39 million, according to brokerage firm Colliers International Group Inc.

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Higgs, Fletcher’s New Leadership Comes at a Time of Change

LAW: Managing Partner Sees Active Role in Firm, Community

After 20 years under the leadership of John Morrell, Higgs, Fletcher & Mack has chosen litigator Steven J. Cologne to serve as its new managing partner and develop a course for its future.

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Bendable, Stretchy Batteries Pack Power Into Apparel

TECH: Elastic Polymer Gives Cells Their Snap; Invention Is ‘Dirt Cheap’

Batteries and Spandex go together like ….

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Shift to Components Drives Nortek Growth

HOME SECURITY: Company Becomes Key Supplier To Industry

When the wireless revolution hit the home security and automation industry several years ago, Carlsbad-based Nortek Security & Control LLC was confronted with more than just disruptive technology.

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International Flights Soar, Defy National Trends

TOURISM: Fewer Day Visits, Currency Impact Local Numbers

It appears the forces dragging down some elements of the local tourism sector are not yet having an impact on international travel to and from San Diego.

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Sunday, June 18

The Business Calendar for the Week of June 19, 2017

Some of the business events scheduled in the county for the week of June 19, 2017, and beyond.

Tech Startup PetDesk Raises $2.1 Million

Local tech startup PetDesk has raised $2.1 million in an equity round, according to legal paperwork filed with regulators Thursday.

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San Diego’s GroundMetrics Inks Deal With Massive Oil Services Firm

A San Diego startup that specializes in the development of electromagnetic sensor systems that gather data about subsurface substances, such as oil and gas, has teamed up with one of the biggest names in the energy industry.

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Holiday Bowl Trades ESPN in for Fox Sports

After 30 years on ESPN, the San Diego County Credit Union Holiday Bowl is moving to Fox Sports for its game broadcast.

Sorrento Mesa Building Housing USC Research Center Sells for $12.5M

A Beverly Hills buyer has purchased a Sorrento Mesa office building housing the University of Southern California’s Alzheimer’s Therapeutic Research Institute for $12.5 million, according to CoStar Group and public data.

TuSimple Is First Local Company to Get DMV Permit for Autonomous Vehicle Testing

TuSimple, a Chinese-American company with offices in Beijing and San Diego, has received a California DMV permit to test its autonomous vehicle technology.

From Parrot to Pacifiers, Pet X-Rays Have Seen It All

When the X-rays involve pets, the stories get pretty strange. Just ask the people at Sound, the Carlsbad business that makes radiography equipment for veterinarians.

LA Firm Acquires Auto Lender CULA

Credit Union Leasing of America, a San Diego-based company that facilitates indirect auto lending for credit unions, has been acquired by Los Angeles-based Westlake Financial Services.

Friday, June 16

Business Owners Remain Optimistic About Local Economy

San Diego’s business community remains optimistic about the economy going forward, according to the latest report from the San Diego Regional Chamber of Commerce, which fields input on a monthly basis from about 200 randomly selected members of San Diego-area chambers of commerce.

Imperial Beach Apartment Complex Sold for $2.54 Million

A Newport Beach buyer listed as 1193 Florence LLC has acquired a 12-unit apartment complex in Imperial Beach for approximately $2.54 million, according to brokerage firm Apartment Consultants Inc. (ACI).

Business Calendar for Week of June 19, 2017

Some of the business events scheduled in the county for the week of June 19, 2017, and beyond.

S.D. Startup Guru Wins $225K at Qualcomm Ventures Event

San Diego startup Guru Inc. scored $225,000 in cash and professional services for winning a pitch competition Thursday night put on by startup leaders and Qualcomm Ventures.

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S.D. Company Gets DMV Permit to Test Autonomous Vehicle

TuSimple, a Chinese-American company with offices in Beijing and San Diego, has received a California DMV permit to test its autonomous vehicle technology.

Thursday, June 15

Qualcomm's Bid for NXP Clears Another Hurdle

Taiwanese regulators have approved Qualcomm Inc.’s proposed acquisition of NXP Semiconductors N.V. The news means Qualcomm’s $38 billion acquisition has cleared one more hurdle — though it is by no means the last.

Loan Delinquency Forces Park Hyatt Aviara Resort Back into Special Servicing

Ownership of the Park Hyatt Aviara Resort in Carlsbad has been transferred to a special-servicing entity for at least the second time in recent years, due to loan delinquency issues encountered by its owners. The property at 7100 Aviara Resort Drive remains open for business.

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Credit Union Leasing of America Acquired by L.A. Firm

Credit Union Leasing of America, a San Diego-based company that facilitates indirect auto lending for credit unions, has been acquired by Los Angeles-based Westlake Financial Services.

FDA Gives Adamis OK to Sell Cheaper Alternative to EpiPen

Local drugmaker Adamis Pharmaceuticals Corp. just got the OK from regulators to sell its lead product to patients.

Proposed Bank Hires Executive Team With Hyper-Local Clout

BANKING: Yates, Sefton Top List of Familiar Names

The president of one of San Diego’s oldest breweries has assembled an executive team of some of the most recognizable names in San Diego’s banking industry, including three people who have previously co-founded new banks, to lead Endeavor Bank, the financial institution he anticipates launching by year’s end.

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Return of the Tuna

Catalina Offshore’s Locally Harvested Product Draws Commercial Boats Back

The first two El Niño weather cycles nearly ended Dave Rudie’s tenure as a seafood seller.

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Report: San Diego Tops U.S. Markets for Number of Active Breweries

San Diego is the nation’s top market for the number of operating craft beer breweries.

Mayor Hires Chamber COO Faucett as New Chief of Staff

San Diego Mayor Kevin Faulconer has hired Aimee Faucett, currently chief operating officer for the San Diego Regional Chamber of Commerce, to be his new chief of staff starting on July 17.

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Irvine Firm Buys Sorrento Mesa Office Campus for $26.1 Million

An affiliate of Irvine-based HCP Inc. has purchased the two-building Scripps Wateridge Corporate Center office campus in Sorrento Mesa for $26.1 million, according to CoStar Group and public data.

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Wednesday, June 14

S.D. Chamber Names Director of International Business Affairs

The San Diego Regional Chamber of Commerce has hired Kenia Zamarripa as director of international business affairs.

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Software Startup SOCi Open Office in Austin

San Diego-based enterprise software startup SOCi, which created a web platform for managing social media, has opened an office in Austin, Texas.

Encinitas Commercial Property Sells for $6.86 Million

Newcastle Seaside Partners LLC of Encinitas has acquired a retail and residential property in that city’s Cardiff by the Sea neighborhood for approximately $6.86 million, according to CoStar Group and public data.

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Arena Pharmaceuticals Announces Reverse Stock Split

Local drugmaker Arena Pharmaceuticals plans to conduct a reverse stock split in an attempt to salvage some shareholder value, the company announced Wednesday.

Larry Coval Promoted to VP of Cox Business

Cox Communications has promoted Larry Coval to vice president of Cox Business for the company’s West Region.

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Lockheed Selects ViaSat Inc. to Provide System For Navy Program

Lockheed Martin Corp. has chosen Carlsbad-based ViaSat Inc. to provide a data link communications system for the U.S. Navy’s long range anti-ship missile program — known in Navy parlance as LRASM.

4 Tips for Surviving Startup Week

San Diego Startup Week, which runs June 19-23, runs 150 events that are spread across several blocks of Downtown San Diego, so getting the most out of the week will require some planning.

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German Carrier Lufthansa Adding Direct Local Flights to Frankfurt in 2018

German airline Lufthansa Group has announced plans to begin new direct service between San Diego and Frankfurt in the summer of 2018.

Tuesday, June 13

Trovagene Signs Deal With AstraZeneca

Local liquid biopsy company Trovagene Inc. has inked a deal with Big Pharma AstraZeneca.

Kratos to Premiere Two Ultra-Fast Drones at Air Show

Kratos Defense & Security Solutions Inc. plans to introduce two jet-powered unmanned aircraft at the Paris Air Show, scheduled to run June 19-25.

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San Diego Apartment Property Sold for $10.4 Million

San Diego-based Vaerus Hawley LLC has acquired a 44-unit apartment property in the city’s Normal Heights neighborhood for approximately $10.4 million, according to brokerage firm Colliers International Group Inc.

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Guild Mortgage Reports $3.1B in Loan Volume in Q1 2017

San Diego-based independent mortgage lender Guild Mortgage reached $3.1 billion in loan volume in the first quarter of 2017, up 14.8 percent from $2.7 billion in the same quarter in 2016, the company announced Tuesday.

3 Startups Quietly Raised Money This Quarter

Three interesting startups in San Diego have raised capital over the past two months without announcing the deals publicly.

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Patrick Moore Given Broader Role at Renovate America

San Diego-based Renovate America, which provides home improvement financing, announced Tuesday that Patrick Moore, who runs the company's licensed lending subsidiary, would also take on the newly created role of chief lending officer.

ResMed's Market Cap Reaches $10.6 Billion

ResMed Inc.’s valuation has officially entered the double-digit billions on the public market, making it the second-biggest life science company in the city, after instrument giant Illumina Inc.

San Diego Council Rejects Special Election for Convention Center Funding Plan

San Diego City Council has rejected Mayor Kevin Faulconer’s call for a special election this fall to decide on a hotel tax hike of up to 3 percent, aimed at financing a convention center expansion while also addressing other civic programs including homeless services and street repairs.

Monday, June 12

Qualcomm Announces Agreement With J&J Subsidiary

Johnson & Johnson likes what it sees in Qualcomm Inc.’s 2net platform.

Gerald T. Garland Joins Board at RF Industries

RF Industries Ltd., a producer of telecommunications interconnect products, appointed Gerald T. Garland to its board of directors on June 9.

Elevate Credit Doubles Size of Analytics Center With Move

Elevate Credit Inc., a Texas-based company that lends online to riskier borrowers, announced Monday it has relocated its analytics center in Solana Beach to an office twice the size in the Del Mar Heights/Carmel Valley area.

Restoring the Salk Is Both Art and Science

$9.7M Building Restoration Had to Meet The Approval of Stakeholders, Regulators

The project of reviving the Salk Institute — the structure completed in 1965 on a canyon near the La Jolla cliffs — goes on much like any other major project in its labs. The process is methodical, scientific and well thought-out.

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VCs Hot on the Trail Of ‘Cool Companies’

STARTUPS: 110 Investors Flock to Once Quiet Event

Venture capitalists from Silicon Valley and other startup hubs are starting to keep closer tabs on the tech scene in San Diego.

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Study: San Diego Needs 72,775 Apartments by 2030

The San Diego metro area will need 72,775 new apartments by 2030 to keep up with local demand, according to results of a new study commissioned by the National Multifamily Housing Council and the National Apartment Association.

Feeding San Diego Appoints Two to C-Suite

Feeding San Diego said it has appointed Alicia Saake as its chief operations officer and Denise Gurulé as its chief financial officer.

Fashion Valley Mall Getting New Stores, Second Valet Location

A relocated California Pizza Kitchen, new stores and a second valet location are among additions in the works at Fashion Valley mall in Mission Valley.

Struggling Regulus Scraps Programs, Loses Big Pharma Partner

And the punches keep coming for San Diego drugmaker Regulus Therapeutics Inc.

Sunday, June 11

EU to Investigate Qualcomm-NXP Deal

The European Commission said June 9 that it will go forward with a detailed investigation into Qualcomm Inc.’s $38 billion bid for NXP Semiconductors N.V.

Mayor Faulconer Vetoes Council Move to Cut Special-Election Funding

San Diego Mayor Kevin Faulconer has followed through on a promised veto of San Diego City Council’s move to eliminate $5 million in budget funding intended for a fall 2017 special election.

How Does San Diego Fare in Top ‘Tech Cities’ Ranking?

When it comes to industry clout, how does the local market shape up among the nation’s biggest technology hubs?

The Business Calendar for the Week of June 12, 2017

Some of the business events planned for the week of June 12, 2017, and beyond.

Senomyx Inc. Announces Resignation of CFO

The chief financial officer of public biotech and flavor enhancer company Senomyx Inc. has resigned, the company announced June 9.

El Cajon Apartments Sold for $5.7 Million

Investor Tim Buege of San Diego has acquired a 36-unit apartment property in El Cajon for $5.7 million, according to brokerage firm Marcus & Millichap.

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Law Firm Adds Partner, Renames Itself Haeggquist & Eck LLP

Zeldes Haeggquist & Eck, the San Diego law firm that negotiated a $25 million settlement on behalf of students who attended Donald Trump’s Trump University last year, has renamed itself Haeggquist & Eck LLP following the hire of new partner Kathleen Herkenhoff.

Aerospace Supplier Buys Encinitas Office Property for $2.1 Million

Locally based HTF Aerospace Inc. has purchased an Encinitas office property for $2.1 million, with plans to relocate its corporate headquarters from Carlsbad, according to brokerage firm Riviera Real Estate Inc.

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Chamber Names New Board Members

The North San Diego Business Chamber has named new board directors for the 2017-2018 term, the organization announced.

Friday, June 9

Senomyx Announces Resignation of CFO

The chief financial officer of public biotech and flavor enhancer company Senomyx Inc. has resigned, the company announced June 9.

European Commission to Investigate Qualcomm-NXP Deal

The European Commission said June 9 that it will go forward with a detailed investigation into Qualcomm Inc.’s $38 billion bid for NXP Semiconductors N.V.

Faulconer Vetoes Council Move to Cut Special-Election Funding

San Diego Mayor Kevin Faulconer has followed through on a promised veto of San Diego City Council’s move to eliminate $5 million in budget funding intended for a fall 2017 special election.

North San Diego Business Chamber Names New Board Members

The North San Diego Business Chamber has named new board directors for the 2017-2018 term, the organization announced.

How Does S.D. Fare in Top ‘Tech Cities’ Ranking?

When it comes to industry clout, how does the local market shape up among the nation’s biggest technology hubs?

Business Calendar for Week of June 12, 2017

Some of the business events planned in the county for the week of June 12, 2017, and beyond.

El Cajon Apartments Sell for $5.7 Million

Investor Tim Buege of San Diego has acquired a 36-unit apartment property in El Cajon for $5.7 million, according to brokerage firm Marcus & Millichap.

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Aerospace Supplier Buys an Encinitas Office Property for $2.1 Million

Locally based HTF Aerospace Inc. has purchased an Encinitas office property for $2.1 million, with plans to relocate its corporate headquarters from Oceanside, according to brokerage firm Riviera Real Estate Inc.

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Thursday, June 8

Inseego Replaces CEO, Restructures Business

Inseego Corp. has a new chief executive, a new chairman, and a new commitment to the product it unsuccessfully tried to sell off.

Reporter’s Notebook: New Seats and Strange Bedfellows at the Convention Center

The San Diego Convention Center is getting new chairs. On its surface, it doesn’t seem to be huge news. For certain Comic-Con fans, however, that news struck a nerve.

Addressing Substance Abuse Can Start at Work

Whispers. That’s how it starts. Co-workers start whispering amongst themselves about the subtle changes they see in an officemate. Mood, hygiene, increasing tardiness, and shoddy work output all contribute to a picture of someone undergoing a change. Then they confide to the manager who in turn becomes more vigilant.

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RFP Process is Best Approach for Stadium Site

The Qualcomm Stadium site is a unique opportunity to develop a world-class education and business innovation center. The focal point of this new development should be San Diego State University.

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CCF Grant to Help Reclaim People’s Lives Through Recovery

Carlsbad Charitable Foundation, an affiliate of The San Diego Foundation, marked its 10th year of giving at its Annual Grants Awards Celebration recently at the Carlsbad Flower Fields. Since 2008, the organization has granted more than $700,000 to 44 programs, improving the quality of life in Carlsbad. This year, CCF awarded $60,000 to Interfaith Community Services to support the new Interfaith Recovery and Wellness Center in Carlsbad.

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Busy Schedule Makes Convention Center Upgrades a Challenge

PROPERTY: Sails Pavilion Floor Replaced; Work Set for Its Roof

The San Diego Convention Center is a hardworking building. Many sets of feet have trampled its carpets since it first opened in 1989.

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Home of the month - A Cherished Place, In Del Mar History

If a house were to have a soul, the Canfield-Wright House in Del Mar, known locally as the “The Pink Lady,” would certainly be a candidate.

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Aventine’s Creativity Still Holds Up Sans Six Columns

PROPERTY: Makeover Opens More Space, Brings In Light of La Jolla Sunshine

Aventine is more than the name given to the quirky, mixed-use complex near UC San Diego.

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United Way Names Lisa Kalal VP of Philanthropy

United Way of San Diego County has named Lisa Kalal vice president of philanthropy.

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Experienced IP Attorneys Added To An Already Skilled Practice

Howard Wisnia and James Conley have joined Pillsbury Winthrop Shaw Pittman as intellectual property partners in the firm’s San Diego office. Both have significant experience in patent litigation, adding to one of Pillsbury’s most active practices and one of its busiest offices. They come to the firm from Mintz Levin.

Index Shows Local Cos. Confident in Themselves, Their Sectors

ECONOMY: Most Expect Both Revenue And Profit to Increase

Local business owners remain optimistic about their prospects for the next 12 months, with about twice as many predicting growth as stability and only a small percentage expecting declines. The findings are from the San Diego Business Journal-Cal State University San Marcos Business Confidence Index.

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Calbiotech Acquired by Germany-Based Company

El Cajon diagnostics company Calbiotech has been acquired by a subsidiary of Transasia Bio-Medical Ltd, a large medtech company in Mumbai.

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WMD Effects to Be Part of Leidos’ ‘Weather Report’

Leidos Holdings Inc. — one of two companies created from the 2013 split of J. Robert Beyster’s Science Applications International Corp. — has new contracts that will bring work to San Diego.

Co. May Expand Its Saudi Role

Kratos Defense & Security Solutions Inc. is closer to a contract to provide naval training to the Kingdom of Saudi Arabia.

Companies Mold Travel Perks Into Journeys of Growth

BENEFITS: Cultural Experiences, Giving Build Employee-Business Bonds

The nonprofit Incentive Research Foundation estimates that U.S. businesses spend $22.5 billion annually on incentive travel perks, geared to rewarding worker performance and discouraging those top employees from flirting with career prospects at other companies.

Edelweiss Air Starting New Direct Flights Between San Diego and Zurich

Switzerland-based carrier Edelweiss Air plans to begin its previously announced direct flight service between San Diego and Zurich on June 9.

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O.C. Firm to Launch Accelerator for Cannabis Cos. in S.D.

INVESTMENT: Goal Is to Prepare Cos. to Go Public or Be Acquired

An Orange County-based investment firm that has made more than three dozen investments in cannabis-related startups will launch an accelerator in San Diego this summer for companies in that arena looking to go public.

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Oceanside Industrial Property Sells for $9.2 Million

A San Diego buyer listed as Oceanside Avenida Del Oro LLC has purchased a two-building Oceanside industrial property for $9.2 million, according to brokerage firm Faris Lee Investments.

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Doctible Inc. Raises $2.2M; Startup’s CEO Explains How

Many local founders say startup cash is hard to come by, but Michael Anderson isn’t buying it.

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Comings and Goings in Retail, Restaurants

San Diego County is apparently gaining a new location of Cost Plus World Market, but also losing one. The store at 372 Fourth Ave., in downtown San Diego, is set to be closed on June 24 by the Oakland-based seller of home goods and gourmet foods.

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Cathy Baur Appointed VP at Cal State San Marcos

California State University San Marcos has named Cathy Baur vice president for university advancement.

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From Beer to Banjos: MetroConnect Seeks New Cohort to Export

MetroConnect, World Trade Center San Diego’s flagship export assistance program, would love to see America’s Finest City catch up with the state’s next largest exporting area – the region of San Jose, Sunnyvale and Santa Clara.

Westfield Announces 20+ New Tenants Coming to UTC Mall

Westfield Corp. has announced a slate of more than 20 new retailers and restaurants that will begin operations by this fall at its Westfield UTC mall in San Diego, as the company nears completion of a $600 million renovation and expansion of the property.

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Algae-Based Foam Gives Manufacturing a Green Path

GREEN: Co. Has Alternative To Using Petrochemicals

Shoes made with algae-based foams developed by Solana Beach-based BLOOM Holdings LLC will go on sale this summer as part of the startup’s partnership with London-based shoe company VIVOBAREFOOT.

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Spec Building to Test Market, Makers Quarter

OFFICE: $23M Project Key to Transformation Of East Village District

The first “work” element at downtown San Diego’s mixed-use Makers Quarter — a six-story, $23 million office building known as Block D — recently saw its long-awaited ground-breaking, two years after it was announced as the next component in the five-block, live-work-play community.

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Wednesday, June 7

Cars Chasing Burgers (Again) at Site of Closed Jack in the Box

A franchisee of San Diego-based Jack in the Box Inc. recently closed the restaurant on Balboa Avenue at Convoy Street, which had operated at the Kearny Mesa site for about 40 years and had a history at the highly trafficked intersection going back 50 years.

Penske Buys Three Fuller Dealerships in Chula Vista

SoCal Penske Dealer Group has acquired three of the Fuller auto dealerships in Chula Vista as well as the Fuller Collision Center.

Boston Firm Buys Otay Mesa Industrial Property for $19.3 Million

An affiliate of Boston-based STAG Industrial Inc. has acquired an Otay Mesa industrial building for $19.3 million, according to CoStar Group and broker Holliday Fenoglio Fowler LP (HFF).

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Pet Project Pitch Competition Announced

San Diego pet food, supplies and services retailer Petco has partnered with Belgium-based pet care provider Mars Petcare to launch a pitch event for entrepreneurs in pet care.

Kratos Receives Contract for Six Unmanned Aircraft

Kratos Defense & Security Solutions Inc. said it received an order for six high-performance unmanned aircraft from a U.S. government customer, but offered little other information. The business made the announcement June 6.

South Park Apartment Property Sells for $4.38 Million

Blue Lake Apartments LLC of San Diego has purchased a 19-unit apartment community in the city’s South Park neighborhood for $4.38 million, according to brokerage firm South Coast Commercial Inc.

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Tamara Romeo to Chair Lavin Entrepreneurship Center Board

San Diego State University's Fowler College of Business has named Tamara Romeo chairwoman of the advisory board for the college’s Lavin Entrepreneurship Center.

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GreatCall Acquired by Chicago-Based Private Equity Firm

San Diego’s growing health tech company, GreatCall, is being acquired by a giant Chicago-based private equity firm, GTCR.

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Qualcomm First S.D. Firm to Contract With Scripps ACO

Qualcomm Inc. said that it plans to offer its employees health care services from Scripps Health under the ACO, or accountable care organization, model.

Tuesday, June 6

Navy Awards $105 Million Contract to General Dynamics NASSCO

The U.S. Navy tapped General Dynamics NASSCO to perform $105 million worth of work on the amphibious assault ship USS Makin Island. The ship, which returned from deployment May 15, will be in dry dock for about a year.

Abreos Biosciences Raises $1.2 Million

Local biotech Abreos Biosciences has closed $1.2 million in new funding, the company announced Tuesday.

Truepic’s Aim Is to Take Deceit Out of the Picture

Image Authentication Brings $1.75M In Backing, Potential B2B Opportunities

Concern about the explosion of heavily edited selfies on dating websites led Craig Stack to drop a few bucks on a rather expensive domain name: Truepic.com.

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Aviva Systems Appoints COO

San Diego-based antibody manufacturer Aviva Systems Biology Corp. has hired Yi-Chun "James" Wang as its chief operating officer.

Carlsbad Office Property Sold for $8.55 Million

San Francisco Bay area investor Stephen Rogers has purchased a Carlsbad office and medical building for $8.55 million, according to brokerage firm Cushman & Wakefield.

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Escondido Apartment Complex Sells for $11.8 Million

Waltz Family Trust of San Diego has acquired a 78-unit apartment complex in Escondido for approximately $11.8 million, according to brokerage firm Marcus & Millichap.

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FDA Clears Clarify Medical's Device for Sale

San Diego medtech startup Clarify Medical Inc. got the green light from regulators to sell its light therapy system to patients, the company announced Tuesday.

Mayor Plans to Veto City Council Rejection of Special-Election Funding

Mayor Kevin Faulconer plans to veto the San Diego City Council’s 8-1 move to reject funding for a November special election, aimed at deciding the fate of the proposed SoccerCity mixed-use development and a hotel tax hike to support expansion of the city’s convention center.

Monday, June 5

Spirits Were High and Professional Pride Was Even Higher at ViaSat's Impressive Launch Party

ViaSat Inc. means it literally when it says it’s throwing a launch party.

Comhear Inc. Names CEO, Closes $12M Series A Round

Comhear Inc., the company licensing loudspeaker technology developed at UC San Diego, said on June 5 that it closed a $12 million Series A capitalization round and named Gerry Chastelet as its CEO.

San Diego Airport's On-site Delivery of Food, Retail Items to Be First in Nation

San Diego International Airport will be the nation’s first to offer airport-wide gate delivery service of food and retail items, under a program being developed with two technology providers and slated to launch this summer.

3 Reasons This Startup’s Sales are Booming

Doctible’s lobby is quiet and rather empty (startups can’t afford receptionists), but when the door to the sales room swings open… bedlam.

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Lightning Brewery Owner May Go ‘Nano’ After Selling Equipment to Cismontane

Lightning Brewery owner Jim Crute may continue brewing on a smaller scale, after selling his Poway company’s manufacturing equipment to Santa Ana-based Cismontane Brewing Co. for an undisclosed price.

Hughes Marino Expanding Services to Seattle Office

San Diego-based commercial real estate services provider Hughes Marino Inc. is opening a new office in downtown Seattle.

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Clean-tech Co. Aquam Corp. Names New CEO and Chairman

San Diego-based clean-tech firm Aquam Corp., which provides infrastructure support, rehabilitation and diagnostics solutions for water and gas infrastructure, announced June 5 it has hired a new CEO and appointed a new chairman of the board.

Herde Joining Maravai LifeSciences Inc. as CFO

Maravai LifeSciences Inc. has recruited the former CFO of San Diego’s public biotech Sorrento Therapeutics.

Sunday, June 4

Cubic Breaking Ground on New Facility for Its GATR Operations in Alabama

Cubic Corp. is following through on a previously announced building expansion for its Alabama business, GATR Technologies.

San Diego Makes Impressive Climb in 2017 Startup Rankings

Step aside, Dallas, Denver, and San Fran. Startup activity is better in San Diego.

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Coldwell Banker West Acquires Better Homes and Gardens Real Estate McMillin Realty

Coldwell Banker West, one of the largest real estate companies in San Diego County, has announced the acquisition of Better Homes and Gardens Real Estate McMillin Realty in San Diego.

Theme Parks’ Bottom Line: Not Everyone Is Having Fun

The latest annual global attendance report, published by the Themed Entertainment Association and consulting firm AECOM, demonstrates that amusement parks are still a growth industry, especially if you operate in China.

The Business Calendar for the Week of June 5, 2017

Some of the business events planned in the county for the week of June 5, 2017, and beyond.

National Law Firm Wilson Elser Relocates San Diego Office

National law firm Wilson Elser has relocated its downtown San Diego office to 1 Columbia Place, 401 W. A Street, 19th floor.

El Cajon Multifamily Property Sells for $14.1 Million

Johnson Trust of San Diego has acquired a 68-unit apartment complex in El Cajon for $14.1 million, according to brokerage firm Apartment Consultants Inc. (ACI).

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State Economic Index Increases in March

Comerica Bank’s California Economic Activity Index increased by 0.8 of a percentage point in March to reach 128.7.

Leadership Appointments Announced for Emilio Nares Foundation

Karen Terra has been named executive director of the Emilio Nares Foundation (ENF), a nonprofit that offers free services to the families of pediatric cancer patient

Friday, June 2

Theme Parks’ Bottom Line: Not Everyone’s Having Fun

The latest annual global attendance report, published by the Themed Entertainment Association and consulting firm AECOM, demonstrates that amusement parks are still a growth industry, especially if you operate in China.

Coldwell Banker West Acquires Better Homes and Gardens Real Estate

Coldwell Banker West, one of the largest real estate companies in San Diego County, has announced the acquisition of Better Homes and Gardens Real Estate McMillin Realty in San Diego.

Business Calendar for Week of June 5, 2017

Some of the business events scheduled in the county for the week of June 5, 2017, and beyond.

San Diego Advances Seven Spots in Startup Rankings

Step aside, Dallas, Denver, and San Fran. Startup activity is better in San Diego.

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California Economic Index Increases in March

Comerica Bank’s California Economic Activity Index increased by 0.8 of a percentage point in March to reach 128.7.

New Leadership Appointments Made for Emilio Nares Foundation

Karen Terra has been named executive director of the Emilio Nares Foundation (ENF), a nonprofit that offers free services to the families of pediatric cancer patients.

Cubic Corp. Building New Facility for Its GATR Operations in Alabama

Cubic Corp. is following through on a previously announced building expansion for its Alabama business, GATR Technologies.

El Cajon Multifamily Property Sold for $14.1 Million

Johnson Trust of San Diego has acquired a 68-unit apartment complex in El Cajon for $14.1 million, according to brokerage firm Apartment Consultants Inc. (ACI).

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National Law Firm Relocates Its San Diego Office

National law firm Wilson Elser has relocated its downtown San Diego office to 1 Columbia Place, 401 W. A Street, 19th floor.

Thursday, June 1

Private Equity Firm Buys DirectMed Parts & Service

A San Diego supplier of medical imaging parts and services has been acquired by a Newport Beach-based private equity firm.

Ionis Pharmaceuticals Receives $50 Million Milestone Payment

Carlsbad drugmaker Ionis Pharmaceuticals Inc. has earned a $50 million check from its global partner Biogen. That’s because a drug developed in Ionis’ labs just got the green light to sell in the European Union.

Hennessy Named General Manager of Estancia La Jolla Hotel

Mairead Hennessy has been named general manager of Estancia La Jolla Hotel & Spa, overseeing all operations of the 210-room luxury property at 9700 N. Torrey Pines Road.

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Old Poway Village Commercial Property Sells for $6.9 Million

The Heritage Group of San Diego has acquired the Old Poway Village retail and office property in Poway for $6.9 million, the company announced.

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Analyst Sees a New Maturity in Qualcomm’s Future

The final half of the decade will bring a new level of maturity to Qualcomm Inc., a technology industry analyst predicts.

San Diego Sees 8 Percent Year-Over-Year Growth in Construction Jobs

The number of construction jobs in San Diego topped 80,000 at April’s end, rising to 80,700 from 74,400 a year ago, according to a recent analysis of federal data by the Associated General Contractors of America.

NuVasive Recruits Skip Kiil to Lead Global Operations

Local medical device maker NuVasive Inc. has recruited Skip Kiil, a former Novartis executive, to lead the San Diego company’s global operations.

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Lending Programs Encourage First-Time Buyers

At least two local firms in the financial services sector have spied a business opportunity in the confluence of millennials’ interest in homebuying and the decline in refinancing volume as interest rates rise.

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Budget Could be Trump’s Thump to Life Sciences

President Donald Trump’s proposed 2018 budget includes deep cuts in biomedical programs that could cripple San Diego’s life science industry. Possibly worst hit would be local jobs.

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BIO Back For Third Time

Droves of scientists and executives from all over the world will be flooding downtown San Diego later this month to attend one of the biggest biotech gatherings in the country.

Ringing Up the True Costs of Pot as a Product

Now that marijuana is legal here, more residents will be smoking it. This will have consequences for employers, which means it’s important to learn all you can about a drug that is far from benign and presents a real and present health risk to your workforce.

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Cos. Step Forward to Help Navy Veteran With Home Repairs

RighTime Home Services San Diego and ARS/Rescue Rooter San Diego have donated and performed free home comfort work to a veteran in need.

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Your Personal Touch Is All That’s Needed to Make a Perfect Place

Nearly two decades and a great recession later, the award-winning community of San Elijo Hills in San Marcos is all but built out. Fewer than 150 homes are left to build and the long-awaited completion of the town square in the village center appears to be underway.

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Trump’s Budget: What’s In It for Otay Mesa?

Port of Entry Expansion Slated To Continue

President Donald Trump’s plan to build a 2,000-mile-long wall along the U.S.-Mexico border has hit a wall of its own in terms of funding support from Congress.

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Bringing New Life to San Ysidro

Commercial District Looks to Create a Destination, Identity in Busy Border Area

As work chugs along on more than $740 million in federal improvements at the San Ysidro crossing between the U.S. and Mexico, business owners such as Sunil Gakhreja wonder whether the traffic-streamlining benefits might spread two blocks north to the border town’s older commercial district.

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Survey Shows Local Craft Brewers Not Crying in Their Beers

BREWING: Confidence Is High; Many Plan to Hire; Neighborhood Focus Works

Competition for shelf and tap space may be tightening amid slowing growth, but business optimism among San Diego County’s craft beer brewers has not gone flat.

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Watch Co.’s Designs Are In-the-Park Home Runs

RETAIL: MLB Deal Is Helping Drive Revenue Toward $30M Mark

A San Diego-based watch company started by two 20-something brothers from Oregon is poised to grow its revenue by 150 percent this year following a partnership with Major League Baseball that led to the production of limited-edition watches using wood from old Yankee Stadium seats.

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Qualcomm Sees NXP As Key to New Pursuits

ACQUISITION: Pieces of Deal Still Need to Fall Into Place

Qualcomm Inc. is midway through its attempt to acquire NXP Semiconductors N.V. — a marathon effort that has the potential to reshape the company founded in 1985 in Irwin Jacobs’ seaside La Jolla home.

Robotic Finger Brings Humanlike Touch to Its Work

TECH: Motors Provide Dexterity in Breakthrough

It was bound to happen. Someone has invented a robotic finger that can swipe left or right.

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Qualcomm Inc.’s Snapdragon to Power PCs

Asus, HP and Lenovo plan to offer mobile personal computers powered by Qualcomm Inc.’s Snapdragon 835 Mobile PC Platform.

Hydroflight Industry Poised For Takeoff

SPORTS: Acquisitions Position Co. For Growth

For FlyDive Inc. CEO Christos Nicolaidis, the biggest challenge facing his company isn’t how to lead the hydroflight industry; it’s how to build it.

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