Stories for March 2017

Friday, March 31

Analytics' Entry Fizzles for Cash-Hungry Startups

There are very few venture capitalists investing in local tech startups, so when a new fund — Analytics Ventures — opened up shop in downtown San Diego, hopes were high.

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Consulting Firm Burwood Group Is Opening Operations Center in Scripps Ranch

Burwood Group, a consulting firm that bridges business strategy and information technology solutions, is opening a new operations center in Scripps Ranch that will employ 22 people.

Promise Hospital of San Diego to Close on April 30

Promise Hospital of San Diego, a long-term acute care facility that houses dozens and employs more than 250 people at 5550 University Ave., will soon close to make way for a mental health rehabilitation center.

LPL Moving Some Local Jobs to South Carolina

By year’s end, 133 jobs at the San Diego office of independent broker dealer LPL Financial LLC will have been moved to the company’s new South Carolina campus.

Business Calendar for Week of April 3, 2017

Some of the business events scheduled in the county for the week of April, 3, 2017, and beyond.

Mad Catz Shuts Down

San Diego videogame peripheral maker Mad Catz Interactive Inc. has closed its doors.

Thursday, March 30

Navy Awards Contracts Worth $500 Million Over Five Years

The U.S. Navy presented six construction companies with contracts that could collectively amount to $500 million over the next five years.

Coding School Offering Free Software Builds for Businesses

Businesses are pitching students at the downtown software development school, Origin Code Academy, for a chance to get their software or app built for free.

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Four Local Construction Firms Recognized for Excellence in Safety

Four local construction firms are among the safest in the nation, according to the Associated General Contractors of America's latest annual ranking.

Jack in the Box, DoorDash Expand Delivery Service

Locally-based restaurant company Jack in the Box Inc. announced the expansion of its partnership with tech-enabled delivery service DoorDash.

North Park Apartment Buildings Sell for $4.5 Million

San Diego-based WSC Investment Partners LLC has purchased two adjacent 10-unit apartment properties in San Diego's North Park neighborhood for $4.5 million, according to brokerage firm ACI Apartments.

Economic Outlook Better Than Predicted, Survey Finds

In a welcome reversal, February gains in five of six local and national measures have prompted creators of a San Diego County economic index to throw out their earlier prediction employment will grow slower this year than it did in 2016.

Michael Yang Named Chief Commercial Officer at ACADIA

Local drugmaker ACADIA Pharmaceuticals Inc. has recruited longtime Johnson & Johnson executive Michael Yang to serve as the company’s new chief commercial officer.

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Echo Continues to Impress, Brings In $7.5 Million

One of San Diego’s most popular startups, Echo Laboratories Inc., just scored $7.5 million to boost production of the company’s new microscope.

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Wednesday, March 29

Four Things Preventing Virtual Reality From Reaching its Potential

Virtual reality is a technology that lets a person put on a pair of goggles and feel like he or she is in another world. In several ways, however, the technology needs to mature. Here are three issues San Diego companies are working on solutions for, and a fourth issue that a San Diego giant is putting money into:

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Qualcomm Executive Adds Duties of Chief Technology Officer

James H. Thompson, executive vice president of engineering with Qualcomm Technologies Inc., has been appointed to the additional position of CTO or chief technology officer.

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Nicholas Alston Named Senior VP at New Bellwether Office

Bellwether Enterprise Real Estate Capital LLC, a national commercial and multifamily mortgage banking company based in Cleveland, recently announced a major expansion of its West Coast presence.

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Microsoft Exec to Lead Analytics Team at Human Longevity

A distinguished scientist and former director at Microsoft is joining San Diego’s health intelligence company, Human Longevity, as chief data scientist.

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Patrick Stuart Named President at Neyenesch Printers

One of San Diego’s largest family-owned printing companies, Neyenesch Printers, has hired an executive with software experience to be its new president.

Youngevity International Acquires New York-Based BellaVita

Chula Vista’s Youngevity International Inc. has acquired New York-based BellaVita, a producer of products based on the Mediterranean diet.

Bay Area Nonprofit Leader Named CEO of Jewish Community Foundation of San Diego

The Jewish Community Foundation of San Diego has appointed a former nonprofit leader from the Bay Area to be its new president and CEO, filling a position that had been staffed on an interim basis for more than two years.

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Tuesday, March 28

Makers Quarter’s First Brewer Won’t be Local

An out-of-state beer maker will open in East Village’s budding Makers Quarter development during the week of April 3.

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Rest Assured, These Engineers Are a Firefighter’s Best Friend

The classic, World War II walkie-talkie is the firefighter’s best friend, even today. With its flexible antenna and its simple, push-to-talk operation, the “handy talkie” is a more rugged communication device than a smartphone. In fact, if the need arises, you can use it to smash things.

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Rolf Ziesing Named VP for Programs at General Atomics

General Atomics Electromagnetic Systems has named Rolf Ziesing vice president for programs.

Paradise Point Adds Three to Leadership Team

Paradise Point Resort & Spa, A Destination Hotel, announced the appointment of Richard N. McLennan as managing director; David Doyle, director of operations; and Chris Niles, director of revenue strategy, to the leadership team of the Mission Bay resort.

Sycuan Band Announces Plans to Build 12-Story Hotel

The Sycuan Band of the Kumeyaay Nation announced plans to build a 12-story, 300-room hotel adjacent to its current casino on its reservation east of El Cajon.

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MindBody Acquires Fitness App Startup Lymber Wellness

San Diego’s fitness app startup Lymber Wellness has been acquired by MindBody, a company that primarily develops online booking software for the wellness industry.

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Sempra's Mexican Subsidiary Signs Contract For Solar Plant

Sempra Energy’s Mexican subsidiary has signed a 20-year contract to finance, build, operate and maintain a 110-megawatt photovoltaic solar plant that would supply a privately owned steelmaker.

Monday, March 27

NSA Certifies ViaSat Encryption Device

ViaSat Inc. announced an important seal of approval for a device that handles classified data.

Air Force Awards GA-ASI Two-Year, $39.5 Million Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a two-year, $39.5 million contract to provide ground control stations for medium-altitude unmanned aircraft.

Crunching the Numbers

While it’s generally good news any time San Diego County’s official unemployment rate declines, as happened in February, the bigger picture tends to be more nuanced.

City National Bank Taps Hass Ibrahim to Oversee Downtown Office

Hass Ibrahim has been named vice president and manager of City National Bank’s downtown San Diego office. He previously worked at Citibank.

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Two Veteran Businessmen Join Scripps Health Board

Two local businessmen, each with more than 30 years of professional experience, recently joined Scripps Health’s board of trustees.

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Kimberly Becker Chosen to Lead S.D. Airport Authority

Kimberly J. Becker has been hired as the new president/CEO of the San Diego County Regional Airport Authority. She will begin the job on May 1.

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It’s a Natural Fit: A Licensing Deal We Couldn’t Tell You About in August

WowWee, a business with an office in La Jolla’s historic downtown village, specializes in tech-inspired toys such as the CHiP robotic dog we wrote about last year.

UCSD Graduate Donates $75 Million to Alma Mater

Former Facebook executive and San Diego angel investor Taner Halicioglu is donating $75 million to his alma mater, the University of California, San Diego.

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Sunday, March 26

Lodging Forecast: How Long Can Post-Recession Uptick Last?

San Diego County’s lodging and tourism industries have been on a tear for the past six years. Can they go for a seventh in 2017?

Loan Will Help Tri-City Make Key Changes

Tri-City Healthcare District has secured its first long-term financing package in more than a quarter-century, an $85.8 million, federally backed mortgage loan its leaders expect will allow it to begin initial phases of a hospital redesign and state-required seismic retrofits.

The Business Calendar for the Week of March 27, 2017

Some of the business events planned in the county for the week of March 27, 2017, and beyond.

3 Startups to Watch in 2017 (Plus a Wildcard)

There are dozens of startups in San Diego that have promising technology and talent, but three companies in particular had a little something extra that won this newsroom over.

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February Rebound Reduces Local Unemployment to 4.2%

San Diego County’s economy shook off post-holiday doldrums in February and posted what is, by one measure, its second-best showing in years, reducing local unemployment by 30 basis points, month-over- month, to a seasonally unadjusted 4.2 percent.

New Homes Planned After $2.5M Purchase of Vista Church Property

Costa Mesa-based Warmington Land Associates II LP has acquired a Vista church property for $2.5 million, with plans to develop new midpriced, for-sale homes on the site, according to brokerage firm Lee & Associates.

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Airgain Inc. Names Waadt Director of Investor Relations

Airgain Inc., the antenna maker that made news in August by launching the first San Diego IPO in more than a year, hired Alexis Waadt as its director of investor relations.

Friday, March 24

Loan Will Help Tri-City Make Some Key Changes

Tri-City Healthcare District has secured its first long-term financing package in more than a quarter-century, an $85.8 million, federally backed mortgage loan its leaders expect will allow it to begin initial phases of a hospital redesign and state-required seismic retrofits.

Homes Planned After $2.5M Purchase of Vista Church Property

Costa Mesa-based Warmington Land Associates II LP has acquired a Vista church property for $2.5 million, with plans to develop new mid-priced, for-sale homes on the site, according to brokerage firm Lee & Associates.

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Lodging Forecast: How Long Can This Post-Recession Uptick Last?

San Diego County’s lodging and tourism industries have been on a tear for the past six years. Can they go for a seventh in 2017?

Business Calendar for Week of March 27, 2017

Some of the business events scheduled in the county for the week of March 27, 2017, and beyond.

Three Startups to Watch in 2017 (Plus a Wildcard)

There are dozens of startups in San Diego that have promising technology and talent, but three companies in particular had a little something extra that won this newsroom over.

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Thursday, March 23

AT&T Expands Fiber-Optic Network

AT&T Inc. said in late March that it has expanded its fiber-optic network, introducing 1 gigabit per second data speeds in more San Diego neighborhoods and adjoining cities, including Escondido and Santee.

John Orwin Joins Retrophin Board of Directors

San Diego drugmaker Retrophin Inc. has appointed longtime pharmaceutical executive John A. Orwin to the company’s board of directors.

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UCSD Endowment Pays Price for Risky Approach

While a big haul of donations last year to the University of California, San Diego helped fund a new observatory in Chile to study the big-bang theory, a celestial feature of a different kind has opened up at the school’s endowment — a black hole.

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Honorees’ Career Paths Blaze a Trail For Women to Follow

The San Diego Police Foundation gathered San Diego business and community leaders to celebrate and honor female law enforcement leaders at the 2017 Women in Blue Luncheon presented by ESET.

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The ‘Crown Jewel of the Presidio’ Is Sitting Pretty on Its Perch

Next year will mark the 110th anniversary of when the subdivision map for Mission Hills was first filed with the City of San Diego. The area is among the most beautiful and eclectic in all of San Diego. It is located in the hills above Old Town, west of Hillcrest and bordered by Interstate 5 on its westernmost edge and Interstate 8 on the north.

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From Cuisine to Culture, Liberty Station Offers Local Flavors

DINING: Site Successfully Creates Popular Gathering Spot

A recent report by the consulting firm McKinsey & Co. noted that the gross leasable area devoted to food and beverage outlets in U.S. retail centers could rise to about 25 percent by 2020, compared with just 10 percent today.

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Coffee Company Acquisition Seems to Be More of a Blend Than a Takeover

Local Businesses and National Players Plot Strategies For Coffee Scene, But For Now Coexistence Is the Norm

S ome people conduct business over coffee. Chuck Patton and Jeff Taylor just engineered a mutual career switch that both coffeehouse owners say came at the right time in their lives.

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SDSU Adds to Wave of Plans for Qualcomm Stadium Site

COMMERCIAL REAL ESTATE | The latest in real estate and development news

Just over two months after the San Diego Chargers said adios, the city is now facing a veritable flood of ideas for what to do with the 166-acre Mission Valley site of the aging Qualcomm Stadium.

Revenue-Based Financing Offers High-Interest Option to Startups

THE STARTUP PAGE | A look at innovative organizations, concepts, products and people

Budding tech startups often need money before they’re earning it, relying on venture capital and other equity-sucking sources of cash to grow.

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Qualcomm Helps Make Those Flip Phones a Bit Smarter

TECHNOLOGY | The latest in technology and development news

Qualcomm Inc. has unveiled a low-end chip meant for the phones you thought everyone was getting rid of: those limited function, “candy bar” models.

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What Are San Diego’s Retail Property Investment Prospects for 2017?

The city slipped out of the U.S. Top 10 for first time in several years.

Raken Throws Its Hard Hat Into Construction Software Ring

BUILDING: Co. Raises $2M in Seed Round; System Is Simple, Savvy, Affordable

Kyle Slager is the first to admit he’s no construction expert. Still, the Ohio native who came to California by way of Rhode Island has spent some time on job sites. That’s what happens when your father is a real estate developer.

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Behavioral Finance Reckons With Bulls, Bears and Biases

FINANCE: Advisors Take Emotional Baggage Into Account With Clients

It’s the phone call that wealth managers dread when the stock market is bearish and investors are restless. “I want out!” clients shout, unable to handle the anxiety of potentially losing it all.

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Loan Enables Tri-City To Make Key Changes

MEDICINE: Parking Is Priority; New ER Department a Possibility

Tri-City Healthcare District has secured its first long-term financing package in more than a quarter-century, an $85.8 million, federally backed mortgage loan its leaders expect will allow it to begin initial phases of a hospital redesign and state-required seismic retrofits.

S.D. Pending Home Sales Reportedly Declined 5.1 Percent

Pending home sales in San Diego County fell last month by 5.1 percent, as compared with a year earlier, as concerns mounted that California as a whole has too few units for sale, while those that are available are increasingly unaffordable.

Co. Aims to Advance Inventory Control

TECH: Cloud Software Ends Indirect-Item Guessing Game

His CEO card gives pencil-fanatic Floyd Miller exclusive, unlimited access to his company’s office supply cabinet. But it’s useless on the vending machinelike dispensers in the downstairs training room he calls “The Museum.”

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Local Company Plots Moves For ACO Expansion

MEDICINE: Program Creates Incentive for Medicare Savings

A local health care company formed a year ago to participate in a Medicare shared-savings program has big plans to expand as far east as the Mississippi River within three years.

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Can S.D. Prosper Without a Unicorn?

Some Say City Needs A $1B Software Startup to Stand Out From the Herd

People in the local startup community like to talk about a few big topics on a regular basis: raising money, finding talent, and San Diego’s inhospitable habitat for breeding unicorns.

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TVPage Closes $3M Funding Round; Warner Bros. Exec Joins Team

TVPage Inc., which lets businesses easily create TV channels for their websites and supports clients’ e-commerce initiatives, said this week that it closed a $3 million funding round. The round closed in January.

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New San Marcos Fairfield Hotel Will Have Service Robot

A 116-room Fairfield Inn & Suites hotel is scheduled to open in San Marcos in the second half of April, with features including the region’s first in-house service robot. The $21 million development is the first ground-up hotel project for San Diego-based operator RAR Hospitality Inc.

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Athena Partners with New Tech Accelerator

Athena San Diego is partnering with ScaleMatrix, the data storage company that just launched a new coworking space, to offer mentorship to women founders in science and tech.

Wednesday, March 22

Cannabis Drug Maker Quadrupling Footprint in Carlsbad

Cannabis has so far been relegated to the supplement and medical marijuana industries, with no FDA-approved drug (derived from the plant) available on the market. But a pharmaceutical company in Carlsbad is hoping to change that and it is about to quadruple in size.

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Navy Awards Cubic Contract Worth $20 Million

Cubic Corp. said that its Mission Solutions division received a U.S. Navy award for delivery of a person-portable common data link. The deal could ultimately be worth more than $20 million.

Imprimis Pharmaceuticals to Raise $3.1 Million in Stock Offering

San Diego’s Imprimis Pharmaceuticals, a maker of compounded drugs, is raising $3.1 million in a stock offering to two accredited investors.

3 Things Spurring Fast-Growing Tech Sector

Companies that operate trains, trucks and other fleet vehicles are installing internet-connected systems that collect video on drivers, and video on road conditions. Competitors Lytx and SmartDrive, both privately held, boast impressive growth (details below) though neither reveals sales figures.

Salka to Sell Wind Farm

Salka LLC has arranged to sell a wind farm it is redeveloping in the Bay Area.

SDSU Seeks to Acquire Land For Its Own Projects at Stadium Site

Presenting what is now the third alternative plan for Mission Valley since the departure of the San Diego Chargers, San Diego State University is seeking to acquire 47 acres at the city-owned site of Qualcomm Stadium to build its own stadium and other university facilities.

La Jolla Pharmaceutical Plans $100 Million Public Offering

Local drugmaker La Jolla Pharmaceutical Co. plans to raise up to $100 million in a public offering of its stock.

Developer Completes $9.25M Remodeling at Chula Vista Retail Center

San Diego developer Brixton Capital has completed a $9.25 million remodeling at the Gateway Marketplace retail center in Chula Vista.

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Tuesday, March 21

Help Wanted: Partner to Work With City on New Accelerator

City Plans Include Multiple Startup Accelerators and a Seed Fund

The City of San Diego is launching plans to build out a new startup accelerator complete with a coworking space, resources for entrepreneurs, and potentially seed capital for startups.

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GA-ASI Moves to Next Phase of Gremlins Competition

Poway-based General Atomics Aeronautical Systems Inc. is going on to the next phase of the Defense Department’s Gremlins competition.

Medsphere Takes Electronic Health Record Product to Detroit

Carlsbad-based health-care IT company Medsphere Systems Corp. said it has implemented its cloud-based electronic health record system at two hospitals in the Detroit area.

How Many S.D. Companies Offer Health Insurance? The Answer Might Surprise You

No sooner has Congress taken up a proposal to replace the Affordable Care Act than a local survey highlights how widely – or narrowly – San Diego County’s business community has adopted the legislation better known as Obamacare.

Navy Awards $13.3 Million Contract

The U.S. Navy awarded New Hampshire-based Environmental Alternatives Inc. a contract covering engineering and technical services for disassembly and radiological inspection and cleaning of LM2500 single-shank turbine gas generator assemblies. The Navy uses such turbines to drive surface ships such as Arleigh Burke-class destroyers and Ticonderoga-class cruisers.

Oceanside Staffing Firm Acquired by Michigan Company

Oceanside-based Impact Staffing has been acquired by Trillium Staffing, a staffing firm headquartered in Kalamazoo, Mich.

Andaz San Diego Hotel Completes $4 Million Makeover

Operators of the Andaz San Diego hotel, in downtown’s Gaslamp Quarter, have completed a $4 million makeover of the property’s guest rooms and meeting spaces.

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Aqua Design Raised 5X its Goal in 4th Kickstarter

San Diego startup Aqua Design Innovations has launched its fourth Kickstarter, raising five times its fundraising goal in the campaign’s first hour.

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Monday, March 20

Robert Struble Appointed CEO of Vista-Based Directed

Former digital radio executive Robert J. “Bob” Struble has been appointed CEO of Directed, a vehicle security, remote start and connected car services company based in Vista.

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Kearny Mesa Office Campus Owner Gets $34.3M in Financing

Property owner Klein Investment Family Limited Partnership has obtained $34.3 million in acquisition financing on a Kearny Mesa office campus, according to MetroGroup Realty Finance, which arranged the financing.

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Shareholder, Sorrento Settling Legal Dispute

Sorrento Therapeutics Inc. has finally received a stamp of approval from an activist minority shareholder who sued the local drugmaker last summer. The parties say dismissal of the lawsuits is on the horizon.

Forbes Billionaire List Includes 5 With San Diego Ties

Five people with San Diego County ties made this year’s annual list of the world’s billionaires, published by Forbes magazine.

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Robert Wechsler-Reya to Lead Rady's Genome Research Center

A professor at San Diego’s Sanford Burnham Prebys Medical Discovery Institute has been appointed director of the Joseph Clayes III Research Center for Neuro-Oncology and Genomics at Rady Children’s Institute for Genomic Medicine.

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Preston Klassen Named CMO at Arena Pharmaceuticals

Local diet pill maker Arena Pharmaceuticals Inc. has recruited a former executive at Orexigen Inc., another weight-loss drugmaker in San Diego, to serve in the company’s leadership.

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Peregrine Semiconductor Acquires Arctic Sand Technologies

San Diego-based Peregrine Semiconductor Corp. has acquired Arctic Sand Technologies, a Burlington, Mass.-based designer and manufacturer of power converters seen as enabling smaller and more efficient smartphones and other products.

Sunday, March 19

Airport Board Approves Construction of $229M Inspection Facility to Serve International Arrivals

San Diego International Airport officials have approved moving forward with plans to build a new $229.47 million federal inspection services facility in Terminal 2 West, slated to open in June 2018.

County Construction Jobs Increased by 3,500 in 2016

Construction employment in San Diego increased by 3,500 jobs in 2016, according to an analysis of federal data by the Associated General Contractors of America.

BioLabs Coworking Space Graduates Two Funded Startups

Two biotech startups are graduating out of San Diego’s newest life science coworking space, BioLabs, after scoring new capital.

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Trump's Proposed Budget Cuts Seen as 'Catastrophic' By Some Local Biotech Leaders

President Donald Trump’s blueprint is out for next year’s federal budget, and proposed cuts to scientific programs are causing local biotech leaders to balk.

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The Business Calendar for the Week of March 20, 2017

Some of the business events planned in the county for the week of March 20, 2017, and beyond.

San Diego Awarded $1.6M Grant to Support Region's Defense Contractors

The city of San Diego has been awarded $1.6 million in federal money to support the region’s defense contractors.

Former City Attorney Jan Goldsmith Joins Procopio

The San Diego law firm Procopio has landed former two-term San Diego City Attorney Jan Goldsmith to serve as an of-counsel lawyer on its litigation team.

Apartments in P.B. Sold for $2.59 Million

Calowa Investments LLC of Vermillion, S.D., has purchased a six-unit apartment property in San Diego’s Pacific Beach neighborhood for $2.59 million, according to brokerage firm Palma Commercial.

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Friday, March 17

Airport Board Approves Construction of $229 Million Inspection Facility

San Diego International Airport officials have approved moving forward with plans to build a new $229.47 million federal inspection services facility in Terminal 2 West, slated to open in June 2018.

Some Local Biotech Leaders See Trump's Proposed Budget Cuts as 'Catastrophic'

President Donald Trump’s blueprint is out for next year’s federal budget, and proposed cuts to scientific programs are causing local biotech leaders to balk.

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Local Construction Jobs Increased by 3,500 in 2016

Construction employment in San Diego increased by 3,500 jobs in 2016, according to an analysis of federal data by the Associated General Contractors of America.

Coworking Space for Biotechs Graduates Two Funded Startups

Two biotech startups are graduating out of San Diego’s newest life science coworking space, BioLabs, after scoring new capital.

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Business Calendar for March 20, 2017

Some of the business events scheduled in the county for the week of March 20, 2017, and beyond.

Apartments in Pacific Beach Sold for $2.59 Million

Calowa Investments LLC of Vermillion, S.D., has purchased a six-unit apartment property in San Diego’s Pacific Beach neighborhood for $2.59 million, according to brokerage firm Palma Commercial.

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Thursday, March 16

SDG&E Announces Four-Year Pilot Project With Sumitomo Electric

San Diego Gas & Electric Co. said it has agreed to test so-called flow battery technology through a new, four-year pilot project with Sumitomo Electric.

More Staffing Cuts at Trovagene

Trovagene Inc., a local diagnostics company in San Diego, has announced another reorganization plan that resulted in a 30-person cut to its staff and a cost savings of $8 million per year.

PierCap Partners Relocates to UTC

San Diego-based investment bank PierCap Partners has relocated from its office in Del Mar to a bigger space at University Towne Centre.

No Craft Needed: Three S.D. Cos. Among Nation's Top 50 Beer Makers

Landing on a list of the nation’s top craft brewing companies is one thing, but three local brewers have pulled off an arguably more impressive feat by being ranked among the country’s top 50 overall beer makers, craft or no.

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Aaron Olson to Oversee City National's Commercial Banking Division

Los Angeles-based City National Bank has named a new manager for its San Diego commercial banking division.

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EvoNexus Renews Collaboration with Cash-Rich Cos.

Three global firms say they “may provide” up to $250,000 in seed funding to tech startups through a renewed collaboration with EvoNexus, a technology incubator for startups.

A More Compact Power Source Increases Railgun’s Punishing Possibilities

General Atomics is packing a lot of oomph into a small package, with the hope of better powering a futuristic weapon called a railgun.

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Much at Stake to Ensure Public Trust in SANDAG

Competition for federal funding is more intense than ever. California faces increasing challenges with its aging infrastructure. How to meet the evolving local transportation demands is more complex than ever whether it’s highways, light rail, bike and pedestrian options or even driverless cars.

At 75, Boys & Girls Clubs of Greater S.D. Is a True Success Story

The Boys & Girls Clubs of Greater San Diego kicked off its 75th Anniversary celebration with a book release event and the premiere of the club’s new anniversary website at SDYouth75.org recently at the William J. Oakes Branch in Logan Heights. Author Marilyn Campbell, prominent alumni featured in the book, current club members, and current BGCGSD staff and board members attended the event.

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Bank Investor Looks to Turn the Negatives Into Positives

FINANCE: Brings $6.4M To Neighborhood National, Becomes Bank’s Chairman

A community development bank that serves low- and moderate-income areas in San Diego has been thrown a lifeline by an investor with an eye for troubled banks with potential.

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Silvergate: On Your Mark, Get Set, Go Public?

Bank Prepares Its People, Technology And Compliance as It Considers Possible Move

Silvergate Bank is gearing up for the big leagues. With a new core banking system and a review underway to ensure compliance with good-governance regulations for public companies, the privately held La Jolla-based financial institution — San Diego County’s largest locally headquartered commercial bank, with assets of nearly $1 billion — is preparing to go public.

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AMN Takes Holistic Approach to Serving Health Care Clients

HEALTH: Acquisitions Extend Reach, Abilities of Co. to Provide Solutions

After nine acquisitions during the last two years, AMN Healthcare would probably be excused for slowing down to make sure the companies it bought are being properly integrated and contributing to the bottom line as planned.

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Executive Q&A: Mary Ann McGarry, Guild Mortgage Co.

Mary Ann McGarry, CEO of Guild Mortgage Co., has no problem with technology. She just doesn’t think it can entirely replace the human touch when it comes to decisions such as financing the purchase of a living space.

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Sometimes, Startups Need Group Therapy

THE STARTUP PAGE | A look at innovative organizations, concepts, products and people

Startup communities have a culture that extols grit and perseverance, and San Diego’s tech scene is no exception.

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Additions Help Firm Build Up Its Construction Expertise

Erin Kennedy Clancy, Rebecca M. Soule, and Yaniv Newman have joined Sullivan Hill Lewin Rez & Engel. Kennedy Clancy has joined the firm as a shareholder, and is a member of the firm’s construction, insurance, real estate, and commercial and business litigation practice groups. She has substantial experience representing businesses and individuals in multimillion-dollar residential and commercial construction defect claims, property damage and contract claims throughout California.

Commercial Real Estate | North County Developers Eye Del Mar for New Resort

Two Encinitas-headquartered development firms, each with a lot already on their project plates, are now teaming on plans for a 16-acre oceanfront luxury resort near Del Mar’s beloved “Dog Beach.” Tentative plans include branded resort villas, a public park, walking trails, restaurants and meeting spaces.

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BIOTECHNOLOGY | CureMatch Gets New CEO at Launch Time

Blaise Barrelet, an early investor in local software startup CureMatch Inc., has stepped in as CEO of the company as the startup launches its product and readies for another fundraising round.

Orca Robotics Is Chasing an XPrize To the Bottom of the Sea

TECH: Mapping Mission Starts at Depth of 6,600 feet

Phillip Rhyner wants to deploy a trio of swimming robots for about $180,000 to do a job that a professional services firm might charge millions for.

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North County Founders Share Drinks, Thoughts

STARTUP: Biz/Social Meetups Offer Alternatives to Downtown

The crowd at this month’s North County Founder Drink Up was impressed by the Keurig-like prototype James Heczko brought in, especially when he tugged on a custom container and out popped one of the steel cylinders that warms soups and beverages through induction heating.

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Real Estate Co. Readies For Coming Wealth Transfer

PROPERTY: New President’s Skills Fit Strategy Change

Douglas Wilson, the founder and CEO of San Diego’s Douglas Wilson Cos., has spent most of his professional life closely tracking the big shifts in real estate and financial trends.

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Comic-Con’s Arrival Sends Breitbard to Petco Park

The Breitbard Hall of Fame is relocating from Balboa Park to Petco Park to make room for a Comic-Con center, according to the Hall of Fame.

Advertising Platform Finds Perfect Host

Visual Podiums Are Attractive Interface Standing Out in Crowd

If you run a restaurant in downtown San Diego’s Gaslamp Quarter, your hostess needs a podium as she converses with the crowd on the sidewalk. If you offer valet parking in the Gaslamp — or anywhere else — you need a podium.

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Coldwell Banker Acquires Rossana Pestana Real Estate Services

Residential real estate brokerage company Coldwell Banker has acquired Rossana Pestana Real Estate Services LLC, a San Diego-based single office operation which does business as Canvas Real Estate Services & Investments.

Wednesday, March 15

Three S.D. County Breweries Make Top 50 List

The Brewers Association released its annual rankings of the top 50 U.S. beer companies based on 2016 sales volumes.

Alaska Airlines Adds Six New Routes

Seattle-based Alaska Airlines will begin rolling out daily flights to six new destinations from San Diego International Airport near summer’s end.

KB Home Opens Sales at Santee Development

KB Home has opened sales at River Village, its new single-family residential development in Santee.

HLI Broadens Customer Base With Insurance Co. Partnership

Local genomics company Human Longevity Inc. (HLI) just landed a deal with insurance giant MassMutual that is sure to score more customers for HLI.

Arena Pharmaceuticals' Stock Surges on Strong Earnings Report

Local drugmaker Arena Pharmaceuticals Inc. saw its stock surge nearly 13 percent Wednesday following an earnings report that impressed investors.

How Does San Diego Fare Among U.S. Office Investment Markets?

The region's standing was buoyed by steady growth in the demand for office space, combined with slowing construction and rising rents.

Tuesday, March 14

Member of President Obama's Cabinet Joins Sempra Board

A former member of President Barack Obama’s cabinet has been appointed to Sempra Energy’s board of directors.

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L.A. Bank to Close San Diego Branch

A Los Angeles-based bank is closing one of its San Diego branches and consolidating it into its Mission Valley office.

Orthopedic-Focused Urgent-Care Clinic Opening in Carlsbad

An urgent-care facility offering only orthopedic care is set to open March 16 in Carlsbad.

San Diego County Credit Union Grew Assets, Membership in 2016

The county’s largest locally owned financial institution, San Diego County Credit Union, grew its assets to $7.9 billion in 2016, increasing roughly 9 percent compared to $7.2 billion a year prior.

For Some Startups, the Solution is Group Therapy

Startup communities have a culture that extols grit and perseverance, and San Diego’s tech scene is no exception.

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Gafcon Gets $22M School District Project in Santa Monica

San Diego’s Gafcon Inc. has been selected to provide construction management and other project-related oversight services for a $22 million district-wide improvement project by the Santa Monica-Malibu Unified School District.

Monday, March 13

Imaging Co. Offering Advanced Brain Diagnostics in Encinitas

Imaging Healthcare Specialists has agreed to offer a new form of advanced brain diagnostics at its facility in Encinitas.

San Diego, Tijuana Mayors Reaffirm Cross-Border Commitment

The new mayor of Tijuana is embracing his predecessor’s agreement to strengthen cross-border collaboration between San Diego and Tijuana.

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Cubic Defense Awarded $20.8 Million Navy Contract

The U.S. Navy has awarded Cubic Defense Applications Inc. a $20.8 million, fixed-price contract.

San Ysidro Industrial Property Sells for $5.77 Million

Spectex Holdings LLC of Phoenix has acquired a San Ysidro industrial property for approximately $5.77 million, according to CoStar Group and public data.

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Ex-Qualcomm Techies Helping to Develop Next-Gen Google Pixel

It can be hard to tell what all Google is doing at any given time and place, but at least part of its recent efforts in San Diego appear to be focused on developing a new version of the tech giant’s popular smartphone, the Pixel.

Pico Holdings May Reincorporate in Delaware

PICO Holdings Inc., a La Jolla-based company with water and land rights interests, is considering switching its state of incorporation from California to Delaware.

Three Executive Changes Announced at Peregrine Semiconductor

Peregrine Semiconductor Corp. announced three changes to its C-suite lineup Monday.

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Sunday, March 12

Developers Planning New Oceanfront Resort in Del Mar

Two Encinitas-headquartered development firms are in the process of acquiring 16 acres of prime oceanfront real estate in Del Mar for a proposed luxury resort.

Daylight Solutions Acquired By East Coast Defense Contractor for $150 Million

Local microscope maker and mid-infrared sources and systems provider Daylight Solutions Inc. has been acquired by East Coast-based defense contractor Leonardo DRS for $150 million.

A Co-Founder Clash Can Be Ugly Business

For the second time this year, Brandon Christopher “got real” with entrepreneurs in Startup Grind’s founder meeting Thursday night.

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Amazon Is Putting Together a S.D. Team for Strategic Initiative

Internet retail giant Amazon recently set up shop in Solana Beach as part of a “mission critical” strategic initiative that would involve a large expansion in the city.

S.D.-Based FlyDive Continues to Soak Up the Competition

San Diego-based FlyDive has acquired Aquafly, an Austin, Texas-based company that rents and sells jetboards and jetpacks, trains athletes and produces water acrobatic shows.

Using a More Compact Power Source Adds to Railgun's Punishing Possibilities

General Atomics is packing a lot of oomph into a small package, with the hope of better powering a futuristic weapon called a railgun.

The Business Calendar for the Week of March 13, 2017

Some of the business events planned in the county for the week of March 13, 2017, and beyond.

San Diego-Based Objective Capital Partners Opens Office in Century City

San Diego-based investment banking firm Objective Capital Partners has opened an office in the Century City area of Los Angeles, the company announced.

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Inseego Reports Net Loss of $60.6 Million for the Year

Inseego Corp. — the business formerly known as Novatel Wireless, which is trying to transition its business model from hardware to services — reported financial results for the fourth quarter and the year on March 9.

DJO Reports Subsidiary's Q4 and Yearly Results, Says It Will Focus on 'Transformation'

DJO Global Inc. posted a fourth-quarter loss of $202.1 million at its subsidiary DJO Finance LLC, more than quadruple the $49.6 million it reported losing a year earlier, as the medical technology company announced a plan to strengthen its long-term financial performance.

Carlsbad Approves Mixed-Use Project Near I-5

The Carlsbad City Council recently approved plans for Carlsbad Village Lofts, a $30 million mixed-use residential project being developed near Interstate 5 by San Diego-based Gerber Group.

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Sales Dip for Condos and Townhomes in February

Sales of condominiums and townhomes in San Diego County dipped in February, and were down sharply year over year, as a supply shortage continued to put a damper on the area’s housing market.

Infosonics Looking for New Sources of 'Profitable Revenue' After Exit From U.S. Market

San Diego-based InfoSonics Corp. (NASDAQ: IFON), which makes smartphones, tablets and accessories for the Latin American market, reported $8.6 million in net sales for the fourth quarter of 2016.

Pacific Beach Apartments Sell for $3.25 Million

A South Dakota-based buyer recorded as Calowa Investments LLC has acquired an eight-unit apartment property in San Diego’s Pacific Beach neighborhood for approximately $3.25 million, according to brokerage firm Marcus & Millichap.

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Vista Industrial Building Sold for $3.07 Million

A Vista buyer recorded as Aspire NP JHM LLC has acquired an industrial building in that city for approximately $3.07 million, according to brokerage firm Lee & Associates.

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Friday, March 10

A Co-Founder Clash Is Ugly Business

For the second time this year, Brandon Christopher “got real” with entrepreneurs in Startup Grind’s founder meeting Thursday night.

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A More Compact Power Source Adds to Railgun's Punishing Possibilities

General Atomics said it has created a new power source for electromagnetic railguns — one that does more with less.

Developers Are Planning New Oceanfront Resort in Del Mar

Two Encinitas-headquartered development firms are in the process of acquiring 16 acres of prime oceanfront real estate in Del Mar for a proposed luxury resort.

Daylight Solutions Inc. Acquired By East Coast Defense Contractor

Local microscope maker Daylight Solutions Inc. has been acquired by East Coast-based defense contractor Leonardo DRS for $150 million.

S.D.-Based Objective Capital Opens Office in Century City

San Diego-based investment banking firm Objective Capital Partners has opened an office in the Century City area of Los Angeles, the company announced.

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Vista Industrial Building Is Sold for $3.07 Million

A Vista buyer recorded as Aspire NP JHM LLC has acquired an industrial building in that city for approximately $3.07 million, according to brokerage firm Lee & Associates.

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P.B. Apartments Sell for $3.25 Million

A South Dakota-based buyer recorded as Calowa Investments LLC has acquired an eight-unit apartment property in San Diego’s Pacific Beach neighborhood for approximately $3.25 million, according to brokerage firm Marcus & Millichap.

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Amazon Putting Together a San Diego Team for Strategic Initiative

Internet retail giant Amazon recently set up shop in Solana Beach as part of a “mission critical” strategic initiative that would involve a large expansion in the city.

Business Calendar for Week of March 13, 2017

Some of the business events planned in the county for the week of March 13, 2017, and beyond.

February Sales Dip for Condos and Townhomes

Sales of condominiums and townhomes in San Diego County dipped in February, and were down sharply year over year, as a supply shortage continued to put a damper on the area’s housing market.

Carlsbad Approves a Mixed-Use Project Near I-5

The Carlsbad City Council recently approved plans for Carlsbad Village Lofts, a $30 million mixed-use residential project being developed near Interstate 5 by San Diego-based Gerber Group.

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Thursday, March 9

S.D. County Credit Union to Sponsor Holiday Bowl

San Diego County Credit Union, which sponsored the now-defunct Poinsettia Bowl game through its 12-year run, on Thursday announced it would sponsor the city's remaining bowl game, the Holiday Bowl.

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EDC Study: SoccerCity Would Generate $2.8B Annual Regional Impact

The mixed-use SoccerCity SD proposed for Mission Valley would have a $2.8 billion annual regional economic impact and generate more than 25,000 jobs, according to an independent analysis done by consulting firm AECOM for the San Diego Regional Economic Development Corp.

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Residential Influx Is Among Factors Boosting Downtown Retail

RETAIL: UC Presence, Whole Foods Arrival Should Spur More Projects

With a few exceptions, downtown San Diego has hardly been a mecca for retailers over the past two decades.

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Dollars to Donuts: SBA Reform Equals Jobs

I walked through the doors of the Small Business Administration office in San Diego with a question: “Why can’t I get approved for a small business loan?” I left quickly with a glossy pamphlet of stock photos, a list of local banks I’d seen before and no real answer.

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Canine Carnival Raises Funds for Woodward Animal Center

Helen Woodward Animal Center held its Fifth Annual Doggie Gras Parade to support its mission of promoting the rescue of abandoned animals from shelters. The event was held at the Rancho Santa Fe Farmers Market in the Del Rayo Village Shopping Center in Rancho Santa Fe.

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Cielo’s Views Extend Community’s Beauty Beyond Its Borders

Off of Del Dios Highway on the far northeastern edge of the Rancho Santa Fe Covenant is Cielo, a 1,740-acre private community. The terrain is some of the most dramatic in San Diego County. The community is set among ancient arroyos and soaring peaks of more than 1,400 feet with sweeping views to the Pacific Ocean, including the Coronado Islands, San Clemente Island, Lake Hodges and Palomar Mountain.

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Factors That Formed Little Italy Hard To Duplicate

East Village ‘Bones’ Make It ‘Whole Different Animal’

Phenomenal growth. Gentrification. A line of tourists riding Segway scooters. Those are three things that show how Little Italy has become a runaway redevelopment success story.

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In East Village, Good Ideas Will Need Help Changing the Landscape

DEVELOPMENT: Businesses, Education and Transportation Just Part of Needed Pieces for Success

The development of East Village might best be described by one of its residents, a man who approached me at Park Boulevard and Market Street and asked for 10 cents. “10 cents?” I said, incredulously.

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Efforts to Increase Number of Women Execs Still Falling Short

LEADERSHIP: Talent Needs To Be Cultivated At All Levels

Debra Rosen remembers approaching her majority-male executive board nine years ago about possibly organizing a series of events to help women overcome obstacles in the workplace.

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LoanHero Partners With Credit Union to Tap Medical Market

FINANCE: Startup to Get Portion of Revenue From Partnership’s Loans

LoanHero, one of San Diego’s cadre of startup financial technology companies, has partnered with a New York-based credit union to offer point-of-sale lending for health care services to its more than 70,000 members.

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Dear Founders: Stop Pitching, Start Selling

Startups fail for a variety of reasons, but Austin Neudecker says one reason in particular is the most common culprit: Entrepreneurs aren’t building businesses, they’re building pitch decks.

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Irrational or Realistic Exuberance?

In the 1990s, Alan Greenspan, at that time chair of the Federal Reserve, looked at the markets and made a famous observation about “irrational exuberance,” while still letting events run their course with minimal interference from the Fed.

Executive Q&A: Francis deSouza of Illumina Inc.

Most major cities have their landmark technology companies. Cupertino has Apple Inc., Seattle has Amazon, and San Diego has Qualcomm Inc. But when it comes to the city’s life science industry, another company takes the limelight as San Diego’s golden child: Illumina Inc., the world’s largest maker of DNA sequencing machines.

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GoShare Uses These 3 Ways to Successfully Grow its User Base

One of the biggest hurdles app developers face is growing their user base large enough for the company to make money.

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Qualcomm Gets Its ARM in the Door With Microsoft

Microsoft Corp. showed off a version of its Windows Server software for data centers running on hardware built with Qualcomm Inc.’s new Centriq chip.

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Brewing Co. Expects Bike Path to Drive Business to New Location

PROPERTY: Coronado Brewing Is Expanding in I.B.’s ‘Underserved’ Market

The commercial roster is falling into place for the $6 million, mixed-use Bikeway Village development nearing completion in Imperial Beach. And one of those incoming new tenants, Coronado Brewing Co., now has the opportunity to become even more comfortable in a South Bay market where it has been the dominant craft beer maker for two decades.

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Here's What ScaleMatrix Did With Extra Space

TECH: Coworking Space Part of Outreach to Life Sciences, Tech

Computer data center, plus wet lab, equals … more business? That’s what the owners of Kearny Mesa-based ScaleMatrix are hoping. Here's What ScaleMatrix Did With That Extra Space

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Proton Therapy Center Owner To Sell Assets

MEDICINE: Bankruptcy Puts Advanced Equipment for Sale

The $224 million Scripps Proton Therapy Center has landed on the auction block just three years after it opened.

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Daughter Finds New Life For Dad’s Sensor Co.

TECH: Exec Explores New Markets, Expands Scope of Family Business

Growing up in Encinitas, Kristin Elliott would help her parents box shipments for customers of Precision Measurement Engineering Inc., the environmental sensor company they started in their garage in 1982.

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Ray Ghanbari Named CTO at SmartDrive Systems

San Diego’s SmartDrive Systems has hired Ray Ghanbari as its chief technology officer.

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Sales of Local Businesses Slid 5.6 Percent in February

The volume of small businesses changing hands in San Diego County slipped 5.6 percent in February but was still up 0.9 percent from a year earlier, according to an index maintained by online clearinghouse BizBen.com.

Bankers Hill Apartment Property Sells for $2.85 Million

Barthell Family Trust of Los Angeles has acquired an 18-unit apartment property in San Diego’s Bankers Hill neighborhood for $2.85 million, according to brokerage firm Marcus & Millichap.

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Carlsbad-Based NTN Buzztime Reports Q4 Earnings

NTN Buzztime Inc. reported a net loss of $459,000 on revenue of $5.98 million during its fourth quarter.

Bird Rock Coffee Roasters Acquired by Kansas Company

San Diego’s Bird Rock Coffee Roasters has been acquired by Topeka, Kansas-based PT’s Coffee Roasting Co., for an undisclosed price.

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Wednesday, March 8

Bridgepoint Education Posts Q4 Net Loss of $13.8 Million

Bridgepoint Education Inc.’s net loss more than doubled in the fourth quarter, as compared to the same period a year earlier, even as the San Diego-based company’s red ink for 2016 narrowed by 57 percent year over year.

Apartment Conversion Planned After $5.63M Purchase of El Cajon Motel

A San Francisco buyer recorded as Macphersonite 1031 LLC has purchased the 75-room Ha’ Penny Inn motel in El Cajon for $5.63 million, with plans to convert it into apartments, according to brokerage firm Colliers International Group Inc.

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Coronado Retail Properties Sold for $22 Million

Kleege Enterprises of San Diego has acquired a portfolio of several retail properties in the center of Coronado for approximately $22 million, according to brokerage firm CBRE Group Inc.

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Blue Sky Names CEO, President to Replace Founder

San Diego-based Blue Sky Network, a company that sells cloud-based tracking solutions, announced Tuesday that Kambiz Aghili and Gregoire Demory have been named the firm’s chief executive officer and president, respectively.

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Guild Mortgage Eyeing More Acquisitions

San Diego-based Guild Mortgage has gobbled up a trio of smaller companies within the past three years – and it is hungry for more, President and CEO Mary Ann McGarry told the San Diego Business Journal.

Wrapify Picks Up $3 Million in Venture Capital

Local startup Wrapify has raised $3 million in a new venture capital round, the company announced Wednesday.

Three Ways Illumina is Flexing 'Startup Mentality'

San Diego’s biggest life science company, Illumina Inc., made headlines in 2016 for consistently posting revenue that was unimpressive to investors. But the company has a plan to kick up sales by applying a “startup mindset” to the $24 billion business.

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Hirshman Leaving SDSU President Post in June

San Diego State University announced March 8 that President Elliot Hirshman is leaving the university to become president of Stevenson University in Maryland. Hirshman has been SDSU’s president since 2011 and will leave the post on June 30.

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Tuesday, March 7

San Diego's Oldest Credit Union Opens 24th Branch

California Coast Credit Union, the oldest such institution in San Diego, recently opened its 24th branch.

Developer Progressing on Redevelopment of Former Union-Tribune Campus

San Diego developer The Casey Brown Co. is nearing completion on the first phase of a $35 million redevelopment of the former Mission Valley home of The San Diego Union-Tribune.

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Cubic Corp. Introduces Fold-Up Satellite Antenna

Cubic Corp. rolled out two new products in its GATR Technologies military satellite line on March 7.

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Qualcomm Increases Quarterly Dividend

Qualcomm Inc. increased its quarterly dividend by 7.5 percent to 57 cents per share, the business said March 7.

Green Co., Montage Teaming on $360M La Quinta Resort

Encinitas-headquartered The Robert Green Co. will team with Montage International on the developers’ second Pendry-branded hospitality property, to be built in the desert city of La Quinta as part of a larger $360 million resort. The two companies recently opened the $120 million Pendry San Diego hotel in downtown’s Gaslamp Quarter.

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Furnishings Retailer Room & Board Opening at Westfield UTC

Home furnishings retailer Room & Board plans a late summer 2017 opening for a new 17,000-square-foot store at San Diego’s Westfield UTC mall, according to brokers at NAI Capital and Retail Insite.

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Amy Day Elected Chief of Staff at Scripps Green Hospital

General and laparoscopic surgeon Dr. Amy Day has been elected to become chief of staff at Scripps Green Hospital.

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Kevin Chase Named CIO at Sempra Energy

Sempra Energy has appointed former industry consultant P. Kevin Chase to fill the newly created position of chief information officer.

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Monday, March 6

Tri-City Healthcare Gets HUD Approval for $85.8M in Loan Guarantees

Tri-City Healthcare District has been approved for $85.8 million in loan guarantees from the U.S. Department of Housing and Urban Development.

Jeffrey Black Named EVP/CFO at Alphatec Spine

Carlsbad-based medical device company Alphatec Spine Inc. has hired a financial manager with experience in health care to be its new executive vice president and chief financial officer.

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Local Startup Raises $654K Despite Bad Press

Cybersecurity startup PacketSled is extending its Series A fundraising round, adding an additional $654,000 to its previously announced $5 million deal.

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Accion Loaned More Than $3.5 Million in 2016

San Diego-based microlender Accion loaned more than $3.5 million to entrepreneurs in Southern California in 2016, the organization announced Monday.

ViaSat Closes Joint Venture With Eutelsat Communications

ViaSat Inc. said on March 6 that it closed its joint venture with Eutelsat Communications, originally announced in February 2016.

Developer’s Local Office Obtains Financing for Anaheim Apartments

The San Diego-based western regional office of developer JPI has closed on $128 million in construction financing for the first phase of Jefferson Stadium Park, a luxury apartment community in Anaheim.

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Carlsbad Office Building Sells for $2.96 Million

Investor Kathleen Lathrum of San Diego has acquired a Carlsbad office building for approximately $2.96 million, according to brokerage firm Marcus & Millichap.

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S.D. Entrepreneur Scores $75,000 on 'Shark Tank'

San Diego entrepreneur Tara Brown has scored $75,000 from a celebrity investor on ABC’s hit TV show Shark Tank.

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Sunday, March 5

Atyr Pharma Drug Candidate Given "Orphan" Status by European Regulators

Local drugmaker aTyr Pharma has received a special regulatory classification in Europe for one of its drug programs, granting the company a number of perks.

Software Co. Raken Raises $2 Million in Seed Round

Raken, a San Diego-based company whose software is used for construction site reporting, has raised a $2 million seed round, the company announced March 3.

No Mosquitoes, But Some Things About Startup Scene Bug Austin Transplant

What do new transplants think of San Diego’s startup scene?

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The Business Calendar for the Week of March 6, 2017

Some of the business events planned in the county for the week of March 6, 2017, and beyond.

Little Italy Apartment Property Sells for $8.57 Million

Rosemont LLC of San Diego has acquired a 24-unit luxury apartment community in downtown’s Little Italy for approximately $8.57 million, according to brokerage firm Berkadia.

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San Diego's Economic Momentum Continues

A San Diego-focused economic index inched upward for a third consecutive month in January, reaching a new post-recession high and adding momentum to the idea that the region might see stronger growth in 2017 than had been expected just a few months ago.

Hillcrest Mixed-Use Building Sells for $2.2 Million

Investor Tim Foley of San Diego has acquired a mixed-use commercial property in Hillcrest for $2.2 million, according to brokerage firm Marcus & Millichap.

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PICO Holdings Reports Q4, Yearly Results

La Jolla-based PICO Holdings Inc. reported a net loss of $8.8 million on revenues of $113.1 million in the fourth quarter of 2016 compared with a net loss of $1.2 million on $108.1 in revenues in the same quarter of the prior year.

San Diego's Unemployment Rate Increases in January

San Diego County’s unemployment rate reversed course in January with an increase of 40 basis points to a seasonally unadjusted 4.5 percent. That’s still significantly below the state and national levels, which rose more steeply, and an improvement on the local economy’s 4.8 percent reading a year before.

Sharp HealthCare Responds to Computer Theft Potentially Affecting 757 Patients

The recent theft of a computer and external memory device belonging to Sharp HealthCare may have compromised confidential personal and medical information of 757 outpatients, the San Diego-based health-care company announced March 3.

Friday, March 3

No Mosquitoes, But Some Things About S.D. Startup Scene Bug Austin Transplant

What do new transplants think of San Diego’s startup scene?

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Business Calendar for Week of March 6, 2017

Some of the business events scheduled in the county for the week of March 6, 2017, and beyond.

Local Economy's Momentum Continues

A San Diego-focused economic index inched upward for a third consecutive month in January, reaching a new post-recession high and adding momentum to the idea that the region might see stronger growth in 2017 than had been expected just a few months ago.

Mixed-Use Building in Hillcrest Sells for $2.2 Million

Investor Tim Foley of San Diego has acquired a mixed-use commercial property in Hillcrest for $2.2 million, according to brokerage firm Marcus & Millichap.

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Little Italy Apartment Property Sells for $8.57M

Rosemont LLC of San Diego has acquired a 24-unit luxury apartment community in downtown’s Little Italy for approximately $8.57 million, according to brokerage firm Berkadia.

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Atyr Drug Candidate Given "Orphan" Status by European Regulators

Local drugmaker aTyr Pharma has received a special regulatory classification in Europe for one of its drug programs, granting the company a number of perks.

Software Co. Raken Raises $2M in Seed Round

Raken, a San Diego-based company whose software is used for construction site reporting, has raised a $2 million seed round, the company announced March 3.

PICO Holdings Inc. Reports Q4, Yearly Results

La Jolla-based PICO Holdings Inc. reported a net loss of $8.8 million on revenues of $113.1 million in the fourth quarter of 2016 compared with a net loss of $1.2 million on $108.1 in revenues in the same quarter of the prior year.

Thursday, March 2

Who Do You Believe? Experts Trade Dueling Economic Outlooks

It was a classic case of dueling expectations.

Anokiwave Moves to Bigger Office to Accommodate Growth

Anokiwave, a fabless semiconductor company, announced on Feb. 28 that it has doubled its office space, moving to 6,000 square feet on El Camino Real in Del Mar Heights, to accommodate a growing number of employees. Its previous office was nearby in the Del Mar area.

Apple Expands Legal Tussle With Qualcomm With U.K. Lawsuit

Apple Inc. filed suit against Qualcomm Inc. on March 2 in the United Kingdom, Bloomberg News reported.

Walmart Opening New Store in Chula Vista

Walmart Stores Inc. plans an early summer 2017 debut for a new Chula Vista store, slated to open at 875 East H St. It will be the Arkansas-based retailer’s fourth Walmart store in Chula Vista.

How Small Businesses Can Give in Big Ways

Our firm has provided pro bono office space to nonprofit organizations. It’s a low-cost and efficient way to support work that directly benefits our community. But, I asked myself why stop at office space? Why not offer our entire administrative/back office platform?

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Program Helps Inmates Find, Follow a Business Career Path

The MUFG Union Bank Foundation announced that it donated $50,000 to nonprofit Defy Ventures to bring its successful “CEO of Your New Life” program to San Diego County’s Richard J. Donovan Correctional Facility.

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Earnings Report: More Bad News for Regulus Investors

Local drugmaker Regulus Therapeutics Inc. reported a significant dip in the company’s annual and quarterly revenue.

A Timeless Property

Built more than a century ago by John D. Spreckels, San Diego’s richest man at the time, this iconic Coronado beachfront family compound remained in the Spreckels family until 1970. Newly remodeled, the Italian Renaissance-style, concrete and steel-reinforced home is on three contiguous beachfront lots with three separate living quarters and 180-degree views of the ocean. It is a matchless San Diego property representing the best of the past and the indomitable spirit of the future.

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Rady Children’s to Help Manage Units at Brawley Hospital

Rady Children’s Hospital-San Diego announced it has agreed to help manage the pediatric and neonatal intensive care units at Pioneers Memorial Hospital in Brawley.

Professional Snapchatting Hits Key Demographic Target for Companies

Companies Find Help in Their Quest To Reach Millennials

There’s an ever-growing list of social media sites used by marketers to get eyeballs on brands, with Twitter and Facebook dominating most budgets for social campaigns.

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Grandesign Creates the Experience; The Audience Creates the Buzz

Marketing Company Finds Synergy That Powers Message Across Several Platforms

Last weekend in Los Angeles, tourists and beachgoers stumbled across a giant gorilla footprint — measuring 600 cubic feet — stamped into the sand of Santa Monica Beach.

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Software Engineers Find S.D. Has a Favorable ‘Exchange Rate’

$112,000 a year. That is the average salary for a software engineer in San Diego, according to a newly issued study from Hired Inc.

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Entrepreneur Makes the Pitch For Less Formality, More Fun

What do new transplants think of San Diego’s startup scene? Last week, we spoke with two CEOs who relocated from Silicon Valley. This week, we ask a solo entrepreneur how moving to San Diego impacted his business, if there were any surprises along the way, and what he’d like to see more of in San Diego.

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How Did San Diego's Economy Fare in Q4 2016?

While the eyes of the nation focused on the presidential campaign and its aftermath, San Diego’s economy was doing what it does: create jobs, build homes, fill commercial space, attract capital – and provide material for a fourth-quarter 2016 economic summary released March 1.

Adviser Found Software Solution for Rebalancing Portfolios

FINANCE: She Sold Tool to Investment Co. That Could Advance It

Rowling & Associates principal Sheryl Rowling says investment advisers believe they know everything. She’s quick to admit she’s no exception.

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Board Appointment Strengthens Cross-Border Startup Ties

Local startup community organizers are spearheading another attempt to connect Tijuana’s technology hub with San Diego’s.

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Sempra Energy’s Net Income for 2016 Increases 1.7 Percent

Sempra Energy posted a 2.7 percent, year-over-year increase in fourth-quarter earnings, beating analysts’ expectations and capping a year in which its net income grew 1.7 percent despite a half-percent, $48 million revenue decline.

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CFO Awards Provides an Excellent Networking Opportunity

You have a chance to grow your practice March 16 at the San Diego Business Journal’s CFO of the Year Awards event. It will be held at the Paradise Point Resort & Spa, from 4 to 7 p.m.

S.D.’s Retail Market Is Strong But Not Immune

The brick-and-mortar retail industry’s post-holiday shoe-dropping — in the form of announced store and restaurant closings — is well underway so far in 2017. And San Diego County hasn’t gone unscathed.

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Palomar Health Works On Financial Recovery

HEALTH: ‘Stable’ Rating, Multipronged Strategy Helping

A financial turnaround appears to be underway at Palomar Health after the state’s largest public health care district badly overspent on a hospital it opened five years ago in Escondido.

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Co. Uses AI to Stay Ahead of Loan Fraud

TECH: Models Are Fast Learners, Keep Up With Data

Outstanding auto loans in the United States last year topped a record $1 trillion.

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SmartDrive’s Roadwork Makes Its System a Contender

TECH: Co. Stresses R&D To Compete in Telematics Race

If there is a moral to SmartDrive Systems Inc.’s remarkable growth streak, it’s that it pays to keep moving.

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Turning Tourism Into a Cash Crop

Agri-Tourism Seen as Way to Preserve Farming And Generate Revenue

Seven years ago, George and Kim Murray left their management jobs at the San Onofre Nuclear Generating Station to start a business devoted to their love of wine-making.

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Venture Capitalist to Advise Software Co. Ciphrex Corp.

Alyse Killeen, a venture capitalist with a history of investing in the digital currency bitcoin, has joined San Diego-based Ciphrex Corp.’s board of advisors.

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Carlsbad Cosmetics Co. Forms Partnership With Texas Firm

Colorescience, a Carlsbad cosmetics company, has formed a marketing partnership with Texas-based Galderma, a Nestle-owned pharmaceutical company focused on skin health.

Owners of Scripps Proton Therapy Center File for Bankruptcy

The owner of Mira Mesa’s 3-year-old Scripps Proton Therapy Center has filed for Chapter 11 bankruptcy protection after failing to attract and receive reimbursement for treating a sufficient number of patients.

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Wednesday, March 1

Sound United Acquires D+M Group

Sound United LLC, the Vista audio components business of DEI Holdings Inc., announced that it acquired New Jersey-based D+M Group, closing the sale on Feb. 28. Financial terms of the deal were not disclosed.

City Heights Apartments Sold for $3.46 Million

Perkins Family Trust of La Mesa has acquired a 21-unit apartment building in San Diego’s City Heights neighborhood for $3.46 million, according to CoStar Group and public data.

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JLab Audio Moves to Larger Facility in Carlsbad

JLab Audio — a producer of personal audio products including Bluetooth earbuds, headphones and speakers — has moved to a 15,000-square-foot facility on Las Palmas Drive in Carlsbad, the company announced Feb. 28. The new office is four times larger than the facility it left in Oceanside.

Bryan McMillan Named President of DJO Regeneration Business

DJO Global Inc. has hired a longtime medical device executive, Bryan McMillan, to serve as the company’s new president of DJO’s regeneration business.

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Executive Search Firm Buys Little Italy Office Building for $4 Million

An affiliate of San Diego-based executive search firm Bespoke Partners has acquired a Little Italy office building for $4 million, with plans to relocate into the space later this year, according to brokerage firm CBRE Group Inc.

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SeaWorld Entertainment Sees Continued Drops in Revenue, Attendance

Still facing declining attendance and revenue, the Florida-based parent of SeaWorld San Diego reported a net loss of $12.5 million for 2016.

Startup Groups Won’t Give Up on Cross-Border Effort

Local startup community organizers are spearheading another attempt to connect Tijuana’s technology hub with San Diego’s.

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Cologne to Lead Higgs Fletcher Law Firm as Morrell Heads to Wilson Cos.

San Diego-based law firm Higgs Fletcher & Mack announced that Steven J. Cologne will become managing partner, succeeding John Morrell as of March 31. The law firm said Morrell, who held the position for 20 years, is leaving to become president of real estate services provider Douglas Wilson Cos.

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