Stories for May 2017

Wednesday, May 31

Companion Medical's Co-Founder, Michael Mensinger, Named CTO

San Diego-based medical device company Companion Medical Inc., which has developed a "smart" insulin delivery system, announced that the company's co-founder, Michael Mensinger, has joined the company as chief technology officer ahead of its commercial launch.

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

President 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. But the president’s latest 2018 budget proposal does offer generous funding for another priority project impacting San Diego County.

Santa Monica Firm Buys Carlsbad Industrial Property for $9 Million

Santa Monica-based BLT Enterprises has purchased a Carlsbad industrial building for $9 million, the real estate investment company announced.

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Frederick Brown Named GM at iMatrix

Frederick Brown has been named general manager of iMatrix, a Sorrento Mesa-based internet marketing company specializing in the chiropractic, veterinary, beauty and eye care industries.

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Nominations Open for the 2017 Veteran and Military Entrepreneur Conference & Awards

The San Diego Business Journal is now accepting nominations for the 2017 Veteran and Military Entrepreneur Awards, which honors local veteran entrepreneurs and military spouses.

Public Meetings Planned on SoccerCity Proposal

Proponents of the mixed-used SoccerCity development in Mission Valley have scheduled a series of public open houses to obtain feedback from residents and businesses regarding the proposed redevelopment of the site currently housing Qualcomm Stadium.

Arcturus Therapeutics Receives $3 Million

Arcturus Therapeutics Inc., a fast-growing biotech startup in San Diego, has received $3 million to fund research for its cystic fibrosis drug program.

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CureMatch to Offer Cancer Service Free to Children

San Diego software startup CureMatch Inc. is launching its cancer treatment service with a reasonable price tag for adults and free for children.

Tuesday, May 30

AbacusNext Acquires Software Firm

AbacusNext, a San Diego-based technology-as-a-service provider for the legal and accounting professions, announced that it has acquired the software company OfficeTools. Terms of the deal were not disclosed.

SDSU's New Business School Dean Had Troubles in Texas

San Diego State University has named Lance Nail dean of its Fowler School of Business. He will begin Aug. 3.

(W)right On Communications Opens Office in Los Angeles

Solana Beach-based public relations agency (W)right On Communications Inc. has opened an office in Los Angeles.

SDBJ Announces 100 Fastest-Growing Private Companies List

The San Diego Business Journal has announced this year’s list of the fastest growing companies in the region.

Kratos to Relocate Corporate Headquarters to Scripps Ranch

Kratos Defense & Security Solutions Inc. will be moving its corporate headquarters from University Towne Center to Scripps Ranch, after recently signing a lease for more than 26,000 square feet at the Scripps Plaza office property.

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Tech Startup BLOOM Partners With London-Based Manufacturer

Solana Beach-based tech startup BLOOM, which uses algae harvested from lakes and other freshwater sources to make flexible foam for consumer and industrial products, has partnered with a London-based shoe manufacturer to develop shoes made from the sustainable material.

Three Things ViaSat Will Have to Get Right

It’s a pivotal time for ViaSat Inc. Here are three things the Carlsbad-based company will have to get right to thrive:

General Atomics Acquires Poway Industrial Building for $20 Million

Sorrento West Properties Inc., a real estate holdings entity of San Diego-based General Atomics, has acquired a Poway industrial building for $20 million, according to CoStar Group and public data.

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Monday, May 29

Ground-Breaking Planned for New Office Building at Makers Quarter

Developers of the mixed-use Makers Quarter in East Village have scheduled a May 30 ground-breaking for “Block D,” billed as the first multitenant downtown office building to be constructed in nearly a decade.

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Data From Internet of Things May Be a Bonanza for Marketers

Marketers and brands can learn a lot about their customers by watching their internet behavior.

County Construction Starts Up 19% So Far in 2017

The value of San Diego County’s construction starts rose 19 percent from the year-ago period in the first four months of 2017, topping $1.2 billion, although the region saw a decline in nonresidential project activity, according to the latest monthly numbers from Dodge Data & Analytics.

The Business Calendar for the Week of May 29, 2017

Some of the business events scheduled in the county for the week of May 29, 2017, and beyond.

Guild Mortgage Offers 1% Down Payment Plan

San Diego-based Guild Mortgage has launched a loan program that requires homebuyers to come up with only a 1 percent down payment to be eligible for a grant for an additional 2 percent from the independent mortgage lender.

Nominations Open for SDBJ's Best Practices In Diversity and Inclusion Awards

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.

Most Admired CEO Awards to Honor Talented Leaders

Local executives will be honored at the San Diego Business Journal’s 10th annual Most Admired CEO Awards on Thursday, June 15, at the Hilton San Diego/Del Mar.

Seven Small Businesses Are in Line to Split Potential $600M in Navy Ship Repair Contracts

Seven small businesses are in line to split one-half billion dollars’ worth of work over five years, as the U.S. Navy awarded contracts for maintaining large ships at Naval Base San Diego.

Friday, May 26

Ground-breaking Is Planned for New Office Building at Makers Quarter

Developers of the mixed-use Makers Quarter in East Village have scheduled a May 30 ground-breaking for “Block D,” billed as the first multitenant downtown office building to be constructed in nearly a decade.

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Business Calendar for Week of May 29, 2017

Some of the business events planned in the county for the week of May 29, 2017, and beyond.

County Construction Starts Up 19 Percent So Far in 2017

The value of San Diego County’s construction starts rose 19 percent from the year-ago period in the first four months of 2017, topping $1.2 billion, although the region saw a decline in non-residential project activity, according to the latest monthly numbers from Dodge Data & Analytics.

Internet-of-Things Data May Be a Bonanza for Marketers

Marketers and brands can learn a lot about their customers by watching their internet behavior.

Seven Small Businesses in Line to Split Potential $600M in Navy Contracts

Seven small businesses are in line to split one-half billion dollars’ worth of work over five years, as the U.S. Navy awarded contracts for maintaining large ships at Naval Base San Diego.

Thursday, May 25

Hikers, Tourists Can Refuel at Warner Springs

Warner Springs Ranch Resort on Highway 79 recently opened its remodeled, 1,000-square-foot gas station on the resort property, fully stocked with snacks, souvenirs and other nonfuel items. Developers said they also placed picnic tables outside the Gas Mart, at 31652 state Highway 79, for Pacific Crest Trail hikers looking to recuperate and refuel before heading out.

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Transit Center Project Plans Look to Gain Traction

It’s not exactly boom times, but commercial development in the otherwise low-key city of Solana Beach has been accelerating.

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Robots’ Inspection Skills Fit The Needs of Energy Industry

TECH: Bots Deployed In Storage Tanks, Pipes; Co. to Expand Locally

Those pipes are unpiggable. On the face of it, the statement is absurd, but it’s a genuine pain point for certain industries — one that Kearny Mesa-based Diakont relieves for its customers.

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Port District Starting Seasonal Waterfront Shuttle Service

The Unified Port of San Diego plans a May 26 start for seasonal downtown waterfront shuttle service, offering discounted rides through a program managed for the port district by locally based Ace Parking.

New Chairman Named at Maxwell Technologies Following Resignation

Maxwell Technologies Inc., a developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, announced that David Schlotterbeck, chairman of the board of directors, has decided to resign for personal reasons. Steven Bilodeau, who joined the board last year, has been appointed as his successor.

National City Apartments Sold for $4.67 Million

San Diego-based KA Real Estate LLC has acquired a 29-unit apartment complex in National City for approximately $4.67 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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Co.’s Tech Competes for, And Along With, Customers

A semi-professional dirt bike racer is developing technology in Carlsbad that might give him the winning edge during competitions. It’s a tech he thinks other competitive athletes would pay for.

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LRAD ‘Talks’ to the Animals

LRAD Corp., which makes mass notification systems and other loudspeaker-like devices, said it received a $528,000 order from SGS Canada, which plans to install the equipment at an industrial site.

Cirrascale Corp. Is Acquired By Austin-Based Boxx

Austin, Texas-based Boxx Technologies has bought Poway-based Cirrascale Corp. for undisclosed terms.

Senate Bill Opens 2 a.m. Closing Time to Debate

As a liberal Democrat from Northern California and a conservative Republican from Southern California, the two of us don’t always agree. But both of us came from local government where we represented diverse communities, and we both believe that it’s important that local leaders have as much flexibility as possible to make decisions that are in the best interests of the people they represent.

CCS Honors Those Helping to Prevent Domestic Violence

The Center for Community Solutions recently held its 18th Annual Tea and Tonic event at the Hilton La Jolla Torrey Pines. The sold-out crowd of more than 550 guests included local businesses, community leaders and philanthropists. The organization reported that preliminary event proceeds of more than $250,000 were raised to support its full range of domestic violence, sexual assault and stalking intervention and prevention programs.

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OFFICE | Big Winners Will Be Those Who Repositioned Properties

Excerpts from midpoint 2017 assessments from local experts in the office segment:

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RETAIL | Provide Experience in Prime Locations or Be Left Behind

Excerpts from midpoint 2017 assessments from local experts in the retail segment:

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MULTIFAMILY | Expect Upticks in Sales, Deliveries and, Yes, Rents

Excerpts from midpoint 2017 assessments from local experts in the multifamily segment:

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INDUSTRIAL | Softening from Uncertainty Will Give Way to High Demand

Excerpts from midpoint 2017 assessments from local experts in the industrial segment:

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Landlords Still Hold Favorable Cards

Sizzling Market Downshifts Slightly;Trends Emerge in Submarkets

As the early months of 2017 unfold, it’s clear that demand for San Diego County commercial real estate remains strong, even if most sectors aren’t exhibiting red-hot characteristics like those seen during the past two years, particularly in the multifamily and industrial segments.

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New JCF CEO Takes Entrepreneurial Approach To Philanthropy

GIVING: Group Establishes Active Role For Donors in Process

Beth Sirull, CEO of the nonprofit Jewish Community Foundation of San Diego, is bringing new fundraising strategies to the post she assumed in March.

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Founder’s Good Spirit, Good Works Are Missed at Firm

Michael J. Duckor died in March, as noted in a previous column. But there is more to say. Duckor, Spradling, Metzger and Wynne is working through the grieving process as happens to firms when one of their founders dies. Gary Spradling and Duckor had the courage to leave the security of their respective practices at Gray, Cary, Ames and Frye, one of San Diego’s largest and respected law firms in 1977.

Culture and Creativity Bring Marketing Companies Together

MERGER: Grandesign Acquires Hadley Media, Aims for $100M in Billings

An acronym sprang to mind shortly after Aaron Gaeir, CEO of Grandesign, met Hadley Media founder Patrick Hadley: PLU.

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ViaSat-2 in Crucial Countdown for Co.

TECH: Aims Is to Set Benchmark For Low-Cost Bandwidth Service

With its anticipated launch on June 1, ViaSat-2 will complete its journey from the concrete aerospace fortresses of El Segundo to the cold of space. There will be a lot riding on the satellite’s launch.

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Boston-Bound iBoss Still Committed to S.D.

TECH: Headquarters Change Said to Be Part of Expansion

Massachusetts Gov. Charlie Baker reported a big accomplishment for his administration recently: iboss Inc., San Diego’s fast-growing cybersecurity company reportedly valued at $500 million, named Boston its headquarters office.

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Shortage of Auto Mechanics Expected Down the Road

LABOR: Training and Even Biz Succession May Suffer

Auto repair shop owner John Eppstein noticed fewer job applications coming in the last several years, but the underlying problem didn’t hit him until he had to fire one of his four service technicians last year.

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A Lean Approach To News

MEDIA: One America News Emerges Nationally From Low-Cost Roots

Robert Herring Sr. is a man on a mission. “What’s the breaking news?” he asked on a recent weekday as he ushered guests into a cozy, darkened room adjacent to One America News Network’s television studio floor where a handful of young men sat monitoring a series of televised news feeds.

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Wednesday, May 24

Is Your Company Named After a Fruit – Or a Person?

What’s in a name? For a startup, it can attract investors and customers – or repel both.

Retail Real Estate Services Firm SRS Opens San Diego Office

Retail services provider SRS Real Estate Partners has opened a new office in downtown San Diego, at 402 W. Broadway Suite 400. It is the first office in the local market for Dallas-headquartered SRS.

Northrop Grumman Wins $64.5 Million Navy Contract

The U.S. Navy awarded Northrop Grumman Corp. a $64.5 million contract for a year of support for its Broad Area Maritime Surveillance demonstrator unmanned aircraft.

Zesty.io Raises $1.3M in Seed Round

San Diego-based web content management system Zesty.io has closed a second round of seed funding, raising $1.3 million less than a year after raising $1 million from angel investors.

McDonald’s Buys Escondido Building for $4.05 Million

Illinois-based McDonald’s Corp. has purchased an Escondido building, which the restaurant company had been leasing for more than 50 years, for $4.05 million, according to brokerage firm Lee & Associates.

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San Diego Hotels See Continued Growth in Occupancy, Revenue

San Diego County’s hotels continued to post strong post-recession metrics in the first four months of 2017, with total revenue rising 7.4 percent from the year-ago period, according to the latest monthly data from research firm STR.

ViaSat Reports Record Net Income of $23.8 Million

ViaSat Inc. closed the books on its 2017 fiscal year, recording net income of $23.8 million on revenue of $1.56 billion. The Carlsbad business makes satellite communication gear and offers satellite services to consumers and the airline industry as well as government and military customers.

Tuesday, May 23

Chelsea Opens $20.4M Affordable Apartment Complex in San Diego

Carlsbad-headquartered Chelsea Investment Corp. recently opened Ouchi Courtyards, a $20.4 million affordable apartment development in San Diego’s Encanto neighborhood.

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Qualcomm: Over a Million Served Per Day in Internet of Things

Qualcomm Inc. said the company is shipping more than 1 million chips per day for a wide range of connected devices in the internet of things, or IoT.

As Challenges Continue, Inseego Gets New Lender

Losses continue for Inseego Corp., the business formerly known as Novatel Wireless.

San Diego Apartment Building Sells for $2.04 Million

Investor Travis Likert of San Diego has acquired a 14-unit apartment property in San Diego’s Lincoln Park neighborhood for $2.04 million, according to brokerage firm San Diego Investment Brokers.

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TP Therapeutics Raises $45 Million in Series C Round

San Diego-based TP Therapeutics Inc., a clinical-stage biopharmaceutical company focusing on addressing oncology drug resistance, announced that it raised $45 million in a Series C financing round.

North Park Apartment Property Sold for $12 Million

Affiliates of San Diego-based E3 Investments Inc. have acquired a 43-unit apartment building in the city’s North Park neighborhood for approximately $12 million, according to CoStar Group and public data.

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ViaCyte Announces $10M in Financing

San Diego-based ViaCyte Inc., a privately-held regenerative medicine company, announced $10 million in financing to support operations.

Five Companies Selected to Join Tech Accelerator

Five companies are joining a new technology accelerator program at UC San Diego’s Institute for the Global Entrepreneur, or IGE.

Monday, May 22

Van Oene Named Illumina Chief Commercial Officer

Illumina Inc., a genomics technology company, announced that Mark Van Oene has been named chief commercial officer.

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iboss Headquarters is Boston-Bound

iboss, the fast-growing cybersecurity company that opened a new San Diego headquarters building in 2015 with much fanfare, has moved its headquarters to Boston.

Ocean Beach Apartments Sold for $2.08 Million

Florida-based investors Fred and Cynthia Deluca have acquired a six-unit apartment property in San Diego’s Ocean Beach neighborhood for approximately $2.08 million, according to brokerage firm ACRE Investment Real Estate Services.

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Palo Alto Firm Buys Oceanside Apartments for $30 Million

An affiliate of Palo Alto-based Pacific Urban Residential has acquired a 136-unit Oceanside apartment property for $30 million, according to CoStar Group and brokerage firm Kidder Mathews.

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Shariq Hussain Steps Aside as CEO at MEPS Real-Time

Shariq Hussain, CEO of Carlsbad-based MEPS Real-Time Inc., is stepping down from his role to become the company's chief technology officer because of health issues, the company announced Monday.

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General Atomics Awarded $195.2 Million Navy Contract

The U.S. Navy awarded General Atomics Electromagnetic Systems a $195.2 million deal to put its advanced arresting gear on the USS Enterprise — the third of the new, Gerald R. Ford-class aircraft carriers.

Poway Office Building Sells for $5.36 Million

A San Diego buyer listed as Hotel Mediterranean LLC & 13th LLC has acquired a Poway office building for $5.36 million, according to brokerage firm Pacific Coast Commercial.

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Augmented Reality, Mini Satellites Exhibited at Pentagon ‘Science Fair’

Every other year, the Defense Department puts on a science fair of sorts in the central courtyard of the Pentagon building.

MabVax Closes Public Stock Offering for $4.1 Million

San Diego's MabVax Therapeutics Holdings Inc. has closed its public offering of common and preferred stocks for $4.1 million, the company announced Monday.

Reporter’s Notebook: 4 Similarities among S.D. Entrepreneurs

After covering the local startup scene for exactly one year, I’ve noticed a few patterns about our local tech founders.

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Sunday, May 21

Local Theme Parks Hope to Have Turnstiles Turning With Visitors to New Attractions

Here’s a sampling of long-awaited projects ramping up for openings this summer at SeaWorld San Diego, San Diego Zoo and Legoland California Resort.

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San Diegans Are Working Like It’s 2006

The rate of unemployed job seekers in San Diego has fallen below 4 percent for the first time in more than a decade, according to data released May 19 by the California Employment Development Department.

Mixed-Use Project Planned after $40M Purchase of Former Postal Facility

San Diego-based Hammer Ventures has acquired a former U.S. Postal Service property in the city’s Point Loma/Midway area for approximately $40 million, with plans to develop a new $325 million mixed-use project tentatively called The Point.

Very Prominent Angel to Keynote Startup Week

A bit of a celebrity in the startup world will be keynoting this year's San Diego Startup Week.

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BofI Considers Offering Unsecured Consumer Loans

San Diego-based BofI Holdings Inc., parent company of BofI Federal Bank, is piloting a lending program to offer unsecured loans — no collateral required — to consumers this year.

Grand Opening Set for Frank Subaru's New Superstore on Mile of Cars

Frank Subaru is opening a new 22,000-square-foot superstore on the National City Mile of Cars on May 22.

The Business Calendar for the Week of May 22, 2017

Some of the business events scheduled in the county for the week of May 22, 2017, and beyond.

Tenant Slate Announced for Upcoming Retail Center at Millenia

Retailers HomeGoods and Cost Plus World Market are among several tenants that have signed leases to occupy Millenia Commons, set to be developed by Sudberry Properties as the primary retail component of the mixed-use Millenia community in Chula Vista.

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Golden Hill Apartment Property Sells for $4.4M

A Del Mar buyer listed as 3073 B Street Golden Hill LLC has acquired an 18-unit apartment property in San Diego’s Golden Hill neighborhood for $4.4 million, according to brokerage firm Apartment Realty Group (ARG).

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Friday, May 19

Tenant Slate Is Announced for Upcoming Retail Center at Millenia

Retailers HomeGoods and Cost Plus World Market are among several tenants that have signed leases to occupy Millenia Commons, set to be developed by Sudberry Properties as the primary retail component of the mixed-use Millenia community in Chula Vista.

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BofI Is Considering Offering Unsecured Consumer Loans

San Diego-based BofI Holdings Inc., parent company of BofI Federal Bank, is piloting a lending program to offer unsecured loans — no collateral required — to consumers this year.

Business Calendar for Week of May 22, 2017

Some of the business events planned in the county for the week of May 22, 2017, and beyond.

Mixed-Use Project Planned after $40 Million Purchase of Former Postal Facility

San Diego-based Hammer Ventures has acquired a former U.S. Postal Service property in the city’s Point Loma/Midway area for approximately $40 million, with plans to develop a new $325 million mixed-use project tentatively called The Point.

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Golden Hill Apartment Property Sells for $4.4 Million

A Del Mar buyer listed as 3073 B Street Golden Hill LLC has acquired an 18-unit apartment property in San Diego’s Golden Hill neighborhood for $4.4 million, according to brokerage firm Apartment Realty Group (ARG).

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A Very Prominent Angel to Keynote Startup Week

San Francisco angel investor Jason Calacanis, a bit of a celebrity in the startup world, will be keynoting this year’s San Diego Startup Week.

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Busy Summer Project Slate for Region’s Big Theme Parks

Here’s a sampling of long-awaited projects ramping up for openings this summer at SeaWorld San Diego, San Diego Zoo and Legoland California Resort.

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Thursday, May 18

Chargers New Stadium Delayed Until 2020

Southern California’s heavy rains this year eased the drought but put a damper on the NFL’s plans to build a stadium in Inglewood by 2019. The $2.6 billion project, meant to host the Rams and the Chargers, is now slated for completion in the summer of 2020, the developers said Thursday.

As Competition Heats Up, Harrah’s Says It’s Funner

Gearing up for what promises to be a competitive summer, the Harrah’s casino and resort northeast of Escondido is now marketing itself as Funner, Calif.

S.D.'s PointPredictive, Auto Lenders Collaborate to Fight Fraud

San Diego's PointPredictive, which uses big data and machine learning to predict fraud, said more than a dozen auto lenders recently met in Austin to discuss how to expand the Automotive Lending Fraud Consortium.

Jack in the Box Mulling Options for Qdoba Division

San Diego-based Jack in the Box Inc. has retained Morgan Stanley & Co. to assist the company’s board in evaluating “potential alternatives” with respect to its struggling Qdoba restaurant division.

Lockheed Closes Local Office, Plans Cuts at Training Facility

San Diego’s loss is Denver’s gain as Lockheed Martin Corp. closed one of its local offices.

Halozyme Therapeutics Raising $115 Million in Public Stock Offering

San Diego biotech Halozyme Therapeutics Inc. is raising up to $115 million in a public offering of its stock, the company announced Thursday.

Affordable on Fourth Ave.

San Diego’s Wakeland Housing and Development Corp. plans an official May 31 opening for Atmosphere, its $79.3 million, 205-unit affordable housing complex at 1453 Fourth Ave. in downtown’s Cortez Hill neighborhood.

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Heart Racing in Hillcrest

In Hillcrest, a June 8 opening is scheduled for CycleBar Hillcrest, an indoor cycling studio at 1040 University Ave.

Launches on Hold

At Shelter Island, the Unified Port of San Diego has begun improvements to a boat launch ramp that officials said is among the busiest in California, handling about 50,000 launches annually since its original construction in the 1950s.

High-Rise Condo Construction Could Be Moving Back In

Could downtown San Diego’s residential high-rise condo construction scene be ready for a re-awakening?

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Fewer Jobs Projected in Region's Life Science Industry

San Diego’s life science industry has boomed over the past five years, but a new report by local industry group Biocom is predicting employment in this sector will slow to a crawl.

Commander-in-Chief Prefers Steam

The fate of a multibillion-dollar project, General Atomics’ electromagnetic launch system for aircraft carriers, seemed a little more uncertain after President Donald Trump criticized it in an interview with Time magazine. Trump reportedly said that he heard bad reviews of the “digital” aircraft catapults, said he thought they sounded overly complicated and that he would prefer that new aircraft carriers have the legacy technology: steam catapults. The president added some salty language for emphasis.

A Proposal to Bring Life to San Diego’s Brand

Have you seen the newest menu addition from the world’s most recognized brand: Coca-Cola Life? Or the San Diego Regional Economic Development Corp.’s terrific new 2017 marketing campaign: “Life. Changing.”? Or the 2017 San Diego Lodging Industry event: “LIFE”?

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Airport Begins Work on New Federal Inspection Facility

San Diego International Airport has broken ground on a previously announced, new $229.4 million federal inspection station, expected to open in summer 2018 at the west end of Terminal 2.

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Peacemaker Awards Dinner Raises $500,000 for Conflict Resolution

The National Conflict Resolution Center raised more than $500,000 at its 29th Annual Peacemaker Awards Dinner held at the Hyatt Regency La Jolla at Aventine.

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Follow Your Bliss in the Curves and Flow of This Home

On the extreme eastern edge of Chula Vista is The Gates at the Woods, a distinctive and exclusive custom home community.

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Battery Safety Concerns Power Innovations

Companies Are Making Progress in Preventing Danger of Fire and Explosion

The new style of batteries powering automobiles, smartphones and military vehicles are certainly capable. And they pack more power than other options.

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Execs See Conditions Conducive to Even Better Local Economy

BANKING: Strong Stocks, Job Picture Are Bright Spots; Dangers Can Be Avoided

A trio of finance executives from Los Angeles-based City National Bank and its parent company, Royal Bank of Canada, sent an upbeat message about the state of the economy to clients who gathered recently in La Jolla at the Lodge at Torrey Pines. They predicted continued strength in the stock market and an increase in home buying by maturing millennials.

Cordial Makes the Connections That Convince Customers to Buy

TECH: Messaging Platform Finds Ways, Means to Spur Action

Visit an e-commerce website and you are likely to get a computer talking back to you before too long.

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Hotels Make Room For Robots on Staff

TECH: Bots Could Reduce Labor Costs

Forgot to bring toothpaste? Need an extra towel? Craving a snack?

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Sleep Clinic Co. Makes House Calls

HEALTH: Telemedicine May Play Key Role in Expansion

Timing and technology. Those are the keys factors driving growth at Sleep Data LLC, said company President Bretton Hevener.

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Genomics Pioneer Venter Draws Top Talent to Human Longevity

BIOTECH: Executive Roster Brings Wealth of Experience

Local startup Human Longevity Inc. has a knack for persuading bigwigs from technology giants — and top government officials — to join the company’s C-suite.

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New Ambitions For Design District

Solana Beach Area Becomes Prime Spot for Creative Development

The area of Solana Beach known as the Cedros Avenue Design District looks nothing like it did in the 1940s, when Quonset huts housed airplane parts from a manufacturing plant that operated there.

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5 San Diego Zip Codes Make List of State’s Priciest

A section of San Diego’s Rancho Santa Fe community has been ranked California’s seventh priciest zip code for real estate, according to a list compiled by PropertyShark, a real estate data provider.

Grocer Trader Joe’s Opening New Store at SDSU

Specialty grocer Trader Joe’s plans a May 19 opening for its new store at San Diego State University’s South Campus Plaza. The store at 5140 College Ave. is the 15th in San Diego County for the Monrovia-based retailer.

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Wednesday, May 17

HLI, Venter Draw More Top Talent to Town

In the past 18 months, Human Longevity Inc. has recruited several high-flying executives onto its team.

These 4 San Diego Business Segments Are Bullish

Business people in San Diego remain optimistic about the economy, according to the latest report from the San Diego Regional Chamber of Commerce, which regularly fields responses from about 200 randomly selected members of San Diego-area chambers of commerce to get a picture of the local business forecast.

Navy Awards Rolls Royce Contract for Work at MCAS Miramar

Rolls Royce Corp. will perform up to $4.7 million worth of work at Marine Corps Air Station Miramar for its other business — aircraft engines.

Manufacturer Quidel Corp. Buys 2 Products for $14M

Quidel Corp., a diagnostic test manufacturer in San Diego, has purchased two products from Sarasota, Fla.-based RPS Diagnostics for $14 million in cash.

SDSU Disengages from Talks on SoccerCity Project

San Diego State University has disengaged from talks on the proposed SoccerCity development in Mission Valley, a move that developers of the mixed-use project contend could negatively impact the university’s football program.

State Awards Diakont $250,000 Tax Credit

Diakont Advanced Technologies Inc. of Kearny Mesa said it has received a $250,000 California Competes Tax Credit from Gov. Jerry Brown’s Office of Business and Economic Development.

Ricky Shabazz Named President of S.D. City College

San Diego City College has named Ricky Shabazz, a vice president with San Bernardino Valley College, as its new president.

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Qualcomm Sues Manufacturers of Apple iPhones

Qualcomm Inc. said on May 17 that it filed a breach of contract complaint against the companies that manufacture Apple Inc.’s iPhone and iPad mobile devices.

Tuesday, May 16

Nelson Resigns as Port Commissioner, Citing Conflict on Convention Center

Bob Nelson has resigned from the Unified Port of San Diego’s board of port commissioners, citing potential conflicts of interest with a new business venture and his plans to campaign in favor of a city ballot measure aimed at expanding the San Diego Convention Center.

Trump Taps Developer Manchester for Bahamas Ambassador Post

Douglas Manchester was not commenting officially on May 16, regarding President Donald Trump’s announcement that he plans to nominate the longtime San Diego developer to be the next U.S. ambassador to the Bahamas.

Batu Chooses Unusual Path and Unusual Weapon in Cancer Fight

When it comes to small and scrappy biotechs, Batu Biologics might take the cake.

Investors Stashing Some Gains in This Sector

A specialized investment sector apparently is paying off for those who know where to invest.

GA-ASI, Northrop Receive Pentagon Contracts

Two major producers of unmanned military aircraft received contracts collectively worth approximately $700 million early this week. The Pentagon announced the two contract wins on May 16.

Mad Engine Acquires Neff Headwear

San Diego-based licensed apparel company Mad Engine LLC has acquired Neff Headwear from Marlin Equity Partners and the Neff Family, the company announced.

Private Bancorp Reports Increase in First Quarter Earnings

Private Bancorp of America Inc., the La Jolla-based parent company of San Diego Private Bank, saw earnings rise 20 percent from a year ago in its first quarter ending March 31, reaching $1,346,000.

Sears Plans to Close Store at Westfield UTC

The Sears full-line department store at Westfield UTC is among at least 28 Sears and Kmart stores added to a previously announced nationwide list of planned closures, as the long-struggling Sears Holdings Corp. continues to restructure its operations.

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Aira Raises $12 Million in Series B Round

San Diego startup Aira has raised $12 million in a Series B round that will allow the company to scale its technology for the blind.

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Monday, May 15

Developers Building Opposition to SoccerCity

Not every high-profile development dispute is simply a clash between developers and residents living near the proposed high-impact project. In the case of the mixed-use SoccerCity in Mission Valley, the development team led by FS Investors likely will be up against two other big local development companies, with long histories in the San Diego region, if the soccer-centric project goes to voters this fall as expected.

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Sharp HealthCare Promotes Staci Dickerson to CFO

Staci Dickerson has been named senior vice president and chief financial officer of Sharp HealthCare.

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Here Come the Big Guys: How One Tech CEO Spotted Opportunity

A team that helped found San Diego’s BlueHornet Networks Inc. around 1999 and 2000 thinks it sees another opening in messaging software.

Ionis Pharmaceuticals Upbeat About Clinical Trial

Ionis Pharmaceuticals touted a clinical win for its investigational drug, inotersen, which just wrapped up Phase 3 trials. But safety concerns make it unclear if the drug will ever reach the market.

Liberty Station Office Building Sells for $5.28 Million

Real estate services firm Help U Buy LLC of San Diego has acquired a bayfront office property in Point Loma’s Liberty Station mixed-use development for approximately $5.28 million, according to brokerage firm Lee & Associates.

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MaxLinear Completes Acquisition of Exar Inc. for $687 Million

Carlsbad-based MaxLinear Inc. said on May 12 that it completed its acquisition of Exar Inc. for $687 million cash. Exar shareholders will receive $13 per share — a 22 percent premium on Exar’s price on March 28, the day before the offer was announced.

Telemundo to Debut New Local Channel

Florida-based Telemundo plans to serve Spanish-speaking audiences in San Diego and Baja California with a new television channel, set to debut on July 1.

Petco Partners With Thrive to Expand Its Veterinary Care Options in Stores

Petco Animal Supplies Inc. announced a joint venture with Austin-based Thrive Affordable Vet Care to incorporate full-service Thrive clinics in select Petco stores later this year.

Roush Appointed Interim President of San Diego State University

California State University Chancellor Timothy White has appointed Sally Roush to serve as interim president of San Diego State University, starting July 1. University officials said Roush will serve in that capacity until a new president is selected by the CSU Board of Trustees.

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Want More Jobs? Then Don’t Cut Job Training

During the presidential campaign, Donald Trump appealed to working-class voters by promising to bring jobs back to the U.S. This is certainly an important goal, but job creation is only half of the jobs equation.

Agriculture Co. Plants Seeds of Education with Its Grant

Organics Unlimited, a San Diego-based grower and importer of organic fruit, announced a grant of $170,000 to Project Amigo to assist with 2017 operations and projects. Through its GROW fund, Organics Unlimited donates a percentage of every organic banana sale back to the communities in rural Mexico and Ecuador where the fruit is grown.

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Co. Gains Momentum in Building Genomics Ecosystem in China

BIOTECH: Illumina Cultivates Relationship, Expands China Presence

Illumina Inc.’s top executives are building ties with the Chinese government as the San Diego company expands into the massive Chinese health care market. The scientific instrument company already has a campus in Shanghai, where it set up shop back in 2010. But business is suddenly booming. The company’s Shanghai office grew its headcount by 40 percent in 2015, and shipments to China increased by more than 60 percent in 2016.

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The Instrumental Players of Medtech

BIOTECH: Companies Capitalize on San Diego’s Talent, Technology and Tenacity in the Sector

San Diego is internationally known as a hub for medicine makers, often saluted for the drugs being developed on the Torrey Pines Mesa. But when it comes to homegrown companies that employ thousands of San Diegans, many of the top performers over the last half-decade are not making drugs at all.

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Biotech Turns to China

Local Cos. See Deep Pool Of Investment Dollars And Potential Access to Biggest Foreign Market

Local biotechs are increasingly teaming up with deep pockets in China, tapping flush investor groups that only recently became safe bets for companies guarding trade secrets. In the past 18 months, deal after deal has been announced with involvement from Chinese investors — a new trend for local life science companies that historically received very little cash from that part of the globe.

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Solar Power, Pedal Power, and Power of the Purses

Kilroy Realty Corp. of Los Angeles, one of San Diego County’s largest office property owners, recently announced a multimillion-dollar project with New Jersey-based Nautilus Solar Energy LLC, in which Nautilus will install significant solar power systems at nine Kilroy properties in California.

Local Attorneys Stand Tall in Legal Battle With a Retail Giant

Local Pillsbury Winthrop Shaw Pittman LLP attorneys earned a unanimous trial victory for leading San Diego digital agency Cuker Interactive LLC in a long-running case against Wal-Mart Stores Inc. in the U.S. District Court for the Western District of Arkansas — Fayetteville Division. After more than three years of litigation, an Arkansas jury found in favor of Cuker on numerous trade secret claims and awarded Cuker $12.4 million in damages.

Crime Fighters Get In-Flight Internet

The internet is almost everywhere, but according to the Mayor’s Office, it hasn’t been in San Diego Police Department helicopters. Until now. AT&T Inc. recently designed a highly secure connection for the San Diego Police, a connection that leverages the telecom carrier’s 4G LTE wireless network. Now the department’s tactical flight officers can use ruggedized tablet computers to get to the internet, including the department’s computer-aided dispatch system (which provides officers with updated information about incidents as they play themselves out).

Kratos Partners to Sniff Out Radio Signals

Kratos Defense & Security Solutions Inc. of University City said it’s teaming up with a satellite company called HawkEye 360 Inc. The latter business plans to launch a trio of small satellites in 2018; those satellites will detect radio signals from a perch 375 miles above the Earth. Under a memorandum of understanding, Kratos (Nasdaq: KTOS) and HawkEye will explore the potential of expanding the terrestrial carrier monitoring, interference detection and geolocation services that Kratos offers to governments and commercial satellite networks.

Defining Dollars: The Funding Rounds

Anyone who has paid even tangential attention to the startup world is familiar with the terms used to describe funding rounds.

Lars Herman, California’s SBA Small Business Person of the Year

Lars Herman, chief executive officer of Herman Construction Group, recently found out he was one of three runners-up for the U.S. Small Business Administration’s Small Business Person of the Year. Earlier in the year, he had been named California’s Small Business Person of the Year.

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Nanome Inc.’s 3-D Modeling May Help Shape Solutions, Save Lives

SOFTWARE: Company Targeting Life Sciences As Well as Other Sectors

One minute I’m at UC San Diego, on the second floor of an engineering building. The next I’m taking a dive through a virus. It’s amazing where virtual reality might take you.

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Short-Term Rental Issue Comes to North County

TOURISM: Taxes, Regulation and Zoning Just Part of the Debate

Just three years ago, debates over short-term vacation rentals booked through sites like Airbnb and VRBO were confined primarily to the nation’s largest tourism-focused cities, including San Diego. That’s no longer the case in San Diego County.

Feds May Have Nixed Sale of Hotel Del

TOURISM: Proximity to Military A Concern in Foreign Purchase

Six months after its planned sale of Hotel del Coronado to a Chinese insurance company was apparently scuttled by scrutiny from federal officials, the iconic property remains in the portfolio of owner Blackstone Group LP.

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These 3 e-Learning Companies Want You to Know…

Right Tech, Information And Engagement Critical for Success

Would-be CPAs studying into the night. Doctors wanting to keep their skills current. Corporate executives trying to turn mandated training into something palatable … maybe even entertaining.

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Families Merge, Create $4B Meat Empire

Food Distributor’s Right Moves, Product Brought Co. to Big Merger

The Leavy family knows their meats. Earlier this year, National City-based Harvest Food Distributors, run by brothers Jay Leavy and Kevin Leavy, was trucking more than 14 million pounds of meat to independent grocers and ethnic markets each week.

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Sunday, May 14

Pilot Program from HLI Offers More Affordable Version of Co.'s Health Exam, Genomics Analysis

San Diego’s health intelligence company Human Longevity Inc. is launching a more affordable version of its high-end and in-depth physical exam program, Health Nucleus.

Feds May Have Nixed Sale of Hotel Del

Six months after its planned sale of Hotel del Coronado to a Chinese insurance company was apparently scuttled by scrutiny from federal officials, the iconic property remains in the portfolio of owner Blackstone Group LP.

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Four Things Founders Should Know About SEED San Diego

Here are four things Eric Gasser wants founders to know about SEED San Diego, the early-stage investor group he co-founded.

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GA-ASI Awarded $221.6 Million Contract for Gray Eagle Aircraft, Equipment

The U.S. Army awarded a $221.6 million contract modification to General Atomics Aeronautical Systems Inc. on May 10, the Pentagon announced.

For Teachers and Journalists, Lessons in Rent Affordability

Teachers, when it comes to the financial crush of rising apartments rents, we in the journalism profession feel your pain.

The Business Calendar for the Week of May 15, 2017

Some of the business events planned in the county for the week of May 15, 2017, and beyond.

Wilson Cos., Milestone Obtain $30M in Financing for Assisted-Living Facility

San Diego-headquartered Douglas Wilson Cos. and Milestone Retirement Communities LLC have obtained approximately $30 million in financing for a planned new assisted-living and memory care facility in Chula Vista.

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CEO Leaving Voices for Children for New Position in Oakland

San Diego-based nonprofit organization Voices for Children said May 11 that longtime CEO Sharon M. Lawrence would be leaving the organization in November to head up the California CASA Association in Oakland.

Carlsbad Industrial Building Sold for $11.15 Million

A buyer recorded as Lionshead LLC of Encino has acquired a Carlsbad industrial “flex” property for $11.15 million, according to brokerage firm Lee & Associates.

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Friday, May 12

Four Things Founders Need to Know About SEED San Diego

Here are four things Eric Gasser wants founders to know about SEED San Diego, the early-stage investor group he co-founded.

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For Journalists and Teachers, Lessons in Rent Affordability

Teachers, when it comes to the financial crush of rising apartments rents, we in the journalism profession feel your pain.

Business Calendar for Week of May 15, 2017

Some of the business events planned in the county for the week of May 15, 2017, and beyond.

Wilson Cos., Milestone Obtain $30 Million in Financing for Assisted-Living Facility

San Diego-headquartered Douglas Wilson Cos. and Milestone Retirement Communities LLC have obtained approximately $30 million in financing for a planned new assisted-living and memory care facility in Chula Vista.

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Carlsbad Industrial Building Sold for $11.15M

A buyer recorded as Lionshead LLC of Encino has acquired a Carlsbad industrial “flex” property for $11.15 million, according to brokerage firm Lee & Associates.

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Feds May Have Nixed Sale of Hotel del Coronado

Six months after its planned sale of Hotel del Coronado to a Chinese insurance company was apparently scuttled by scrutiny from federal officials, the iconic property remains in the portfolio of owner Blackstone Group LP.

HLI Pilot Program Offers More Affordable Version of Co.'s Health Exam, Genomics Analysis

San Diego’s health intelligence company Human Longevity Inc. is launching a more affordable version of its high-end and in-depth physical exam program, Health Nucleus.

CEO Leaving Voices for Children for New Position

San Diego-based nonprofit organization Voices for Children said May 11 that longtime CEO Sharon M. Lawrence would be leaving the organization in November to head up the California CASA Association in Oakland.

GA-ASI Awarded $221.6M Contract for Gray Eagle Aircraft, Equipment

The U.S. Army awarded a $221.6 million contract modification to General Atomics Aeronautical Systems Inc. on May 10, the Pentagon announced.

Thursday, May 11

Reporter’s Notebook: Forgotten Downtown Business Leaves Its Mark

San Diego business stories can turn up in the oddest places. Who knew an old box of doll furniture would contain one?

OncoSec Medical to Partner With Merck on Clinical Study

San Diego’s OncoSec Medical Inc. has entered a research collaboration with Merck & Co., one of the largest pharmaceutical companies in the world.

Escondido Retail Center Sells for $24.83 Million

ADF Gateway LP of Rancho Santa Fe has purchased the Gateway Center retail property in Escondido for approximately $24.83 million, according to real estate services firm Faris Lee Investments.

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Silvergate Bank Reports Q1 Net Income of $1.6 Million

La Jolla-based Silvergate Bank reported first quarter net income of $1.6 million, about 16 percent below the $1.9 million the bank reported a year ago.

Proficio Names Tim Capps Managing Director of Overseas Business

Carlsbad-based cybersecurity specialist Proficio has named Tim Capps managing director of its Europe, Middle East and Africa business. The business announced the move on May 9.

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Mayor Reiterates Push to Expand Convention Center in Talk to Tourism Leaders

Mayor Kevin Faulconer and tourism officials reiterated the need to expand the San Diego Convention Center, while addressing growing problems with homelessness, during the annual meeting of the San Diego Tourism Authority.

TaylorMade Golf Sold to New York-Based Co. for $425M

KPS Capital Partners LP is buying Carlsbad’s TaylorMade Golf Co. from Adidas AG for $425 million.

SeaWorld Parent Reports Continued Declines in Revenue, Attendance for Q-1

The parent company of SeaWorld San Diego reported a 15 percent decline in revenue for its first quarter, with attendance down by a similar percentage from the year-ago period for its 12 U.S. theme parks.

Wednesday, May 10

El Cajon Posts Nation’s 12th-highest Rate of Rent Growth

El Cajon had the nation’s 12th-highest rate of year-over-year growth in apartment rent, according to the latest monthly survey of 250 U.S. cities by commercial real estate data provider Yardi Matrix.

NTN Buzztime Reports Q1 Net Loss

NTN Buzztime Inc. — the Carlsbad company that provides games, electronic menus and electronic payment systems to businesses such as Buffalo Wild Wings — reported a net loss of $90,000 on revenue of $5.2 million during the first quarter.

Andaz San Diego Hotel Names New General Manager

Shane Nicolopoulos has been named general manager of Andaz San Diego, overseeing all operations of the 159-room boutique hotel in San Diego’s Gaslamp Quarter.

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Valin Brown Named CEO of Alliant Educational Foundation

The San Diego-based Alliant Educational Foundation has named Valin Brown, formerly senior vice president and chief development officer for United Way of San Diego County, its new chief executive officer.

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Transit Contractor Closing, Laying Off 538 Workers

First Transit, the contractor that provides some of North County’s bus drivers, is shutting down its Oceanside office and laying off 538 local employees.

Homebuilder Launching Three Local Projects in 2017-18

Homebuilder California West plans to begin work in 2017 and 2018 on three new San Diego County single-family residential communities, the Carlsbad-based company recently announced.

Quartyard Moving to New, Smaller Location

Quartyard, the temporary pop-up community in East Village, is officially being forced to move its location following a developer’s plans to build a high-rise on the same lot.

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Report: SoccerCity Could Generate $1.4B for Roads, Schools

The SoccerCity mixed-use development proposed for Mission Valley could provide $1.4 billion in tax-value-based bonding capacity to build local schools and roads, according to a follow-up study by the San Diego Regional Economic Development Corp. and consulting firm AECOM.

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Tuesday, May 9

Michael Rodriguez Named CFO at GenomeDx Biosciences

GenomeDx Biosciences just recruited Michael Rodriguez, the guy who secured Epic Sciences’ recent $40 million round, to lead the genomics company as chief financial officer.

AstroPrint Kickstarter Campaign Raises Goal in 3 Hours

San Diego-based AstroPrint embarked May 9 on its second Kickstarter campaign in two years.

Cooling Down Microchips With ... Velvet?

A small local company has a fuzzy answer to the question of how to keep electronics cool.

DexCom Announces $350 Million Offering

DexCom Inc. announced that it is raising $350 million to settle debts and finance growth and manufacturing.

Five Key Trends Driving Multifamily Real Estate in 2017

A full quarter of official multifamily data is now in for San Diego County. And it’s clear who’s most enjoying the region’s continuing apartment property fundamentals (landlords) and who isn’t having as much fun (renters).

Cubic Reports Dip in Q2 Net Income, Sales

Cubic Corp. reported net income of $500,000 on sales of $343.7 million in its second quarter. The business reported its financial results on May 8.

CVF Capital Partners Opens San Diego Office

CVF Capital Partners, a Davis-based private equity firm that specializes in providing lower middle market and middle market companies with mezzanine capital, has opened an office in downtown San Diego.

Startup Edico Raises $22M; Dell Leads Funding Round

Local startup Edico Genome Inc. has raised $22 million, its biggest round of capital yet, in a Series B financing led by Dell’s investment arm, Dell Technologies Capital.

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Monday, May 8

Renovations Planned After $8.9M Kearny Mesa Industrial Purchase

BLT Enterprises of Santa Monica plans extensive renovations, following its $8.9 million purchase of a Kearny Mesa industrial building.

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Plot Your Patent Steps Carefully

LAW: Patents Don’t Always Lead to Market; Candor Counts in Process

Get a patent, sell the product. Easy-peasy, right?

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Federal Price-Fixing Investigation Nets Bumble Bee

San Diego-based Bumble Bee Foods LLC, which sells packaged seafood, has agreed to plead guilty to fixing the prices of processed tuna, the Department of Justice announced Monday.

Carlsbad's Callaway Golf Reports Q1 Net Income of $26 Million

Callaway Golf Co. reported a “better than expected” first quarter, with net income of $26 million, or 27 cents per share, on net sales of $309 million.

Illumina’s C-Suite Met With Chinese Officials

Illumina’s top executives are building ties with the Chinese government as the San Diego company expands into the massive Chinese health care market.

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Perspectium Corp. Raises $8 Million in Series A Funding Round

San Diego-based enterprise software company Perspectium Corp. has raised an $8 million Series A funding round, the company announced Monday.

Colorado-Based Zayo Buys 2 San Diego Data Centers From Kio for $12M

Publicly traded Zayo Group Holdings Inc. closed its acquisition of two San Diego data centers for $12 million, the acquiring company announced.

Top Tech Exec Awards Online Registration Closes May 10th at 5 p.m.

Tickets to one of San Diego’s most popular high-tech gatherings are on sale now.

Sunday, May 7

Comhear Changes the Way You Hear the Virtual and the Real World

Comhear CEO Perry Teevens said his company’s technology gives users a headphonelike experience, except without the headphones.

Encore Capital Reports Q1 Revenue of $272M

Encore Capital Group Inc., a San Diego-based company that buys and sells credit card debt, reported revenues of $272 million in the first quarter of the year, about 6 percent lower than a year ago when the company earned $289 million.

Solana Beach Retail Center Sold for $33.25 Million

Chicago-based GEM OPS LLC has acquired the eight-building Beachwalk retail center in Solana Beach for $33.25 million, according to CoStar Group and public data.

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AMN Healthcare Services' Q1 Earnings Up 24%

San Diego-based AMN Healthcare Services Inc. reported first-quarter earnings of $32 million, up 24 percent compared with the same quarter last year.

Top Tech Exec Awards Takes Place This Week

Tickets to one of San Diego’s most popular high-tech gatherings are on sale now. The 10th annual Top Tech Exec Awards will take place on May 11 from 4 to 7 p.m. and will be staged in the field at Petco Park.

San Diego Apartment Portfolio Sells for $8.65 Million

Real Asymmetry Fifty Nine LLC of San Diego has acquired a portfolio of seven apartment properties, totaling 59 units in the Mid-City area, for a total of $8.65 million, according to brokerage firm ACRE Investment Real Estate Services.

The Business Calendar for the Week of May 8, 2017

Some of the business events planned in the county for the week of May 8, 2017, and beyond.

Are Startup Week and BIO Heading for a Scheduling Conflict?

Local biotech startups will have to choose between two major events taking place in June, as both annual conferences are scheduled in the same week.

AmpliPhi Biosciences Stock Price Drops Following Equity Offering Announcement

The stock price for local biotech AmpliPhi Biosciences was down 59 percent at market close May 5 following news that the company is raising $10.4 million in an equity offering.

Kratos Defense & Security Solutions Reports Q1 Revenues of $167.8M

Kratos Defense & Security Solutions Inc. reported a net loss of $10 million, or 13 cents per share, on revenues of $167.8 million in the first quarter of 2017.

ID Analytics Announces Appointment of Nigam as SVP of Product and Technology

San Diego-based ID Analytics LLC has named Ajay Nigam to the post of senior vice president of product and technology, where he will oversee the introduction of new products to the market.

Herman Construction Group President Is a Runner-Up in SBA's Small Business Person of the Year Award

Escondido-based Herman Construction Group Inc. President Lars C. Herman was recently recognized by the U.S. Small Business Administration as one of three runners-up for its 2017 Small Business Person of the Year award.

Friday, May 5

Company Changes the Way You Hear the Virtual and the Real World

Comhear CEO Perry Teevens said his company’s technology gives users a headphonelike experience, except without the headphones.

AmpliPhi Biosciences Stock Price Tumbles 59 Percent Following Equity Offering Announcement

The stock price for local biotech AmpliPhi Biosciences was down 59 percent at market close May 5 following news that the company is raising $10.4 million in an equity offering.

Solana Beach Retail Center Sells for $33.25 Million

Chicago-based GEM OPS LLC has acquired the eight-building Beachwalk retail center in Solana Beach for $33.25 million, according to CoStar Group and public data.

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AMN Healthcare's Q1 Earnings Up 24%

San Diego-based AMN Healthcare Services Inc. reported first-quarter earnings of $32 million, up 24 percent compared with the same quarter last year.

S.D. Apartment Portfolio Sells for $8.65 Million

Real Asymmetry Fifty Nine LLC of San Diego has acquired a portfolio of seven apartment properties, totaling 59 units in the Mid-City area, for a total of $8.65 million, according to brokerage firm ACRE Investment Real Estate Services.

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Business Calendar for the Week of May 8, 2017

Some of the business events planned in the county for the week of May 8, 2017, and beyond.

Are BIO and Startup Week Heading for a Scheduling Conflict?

Local biotech startups will have to choose between two major events taking place in June, as both annual conferences are scheduled in the same week.

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Encore Capital Group Reports Q1 Revenue of $272M

Encore Capital Group Inc., a San Diego-based company that buys and sells credit card debt, reported revenues of $272 million in the first quarter of the year, about 6 percent lower than a year ago when the company earned $289 million.

Herman Construction President Is a Runner-Up in SBA's Small Business Person of the Year Award

Escondido-based Herman Construction Group Inc. President Lars C. Herman was recently recognized by the U.S. Small Business Administration as one of three runners-up for its 2017 Small Business Person of the Year award.

ID Analytics LLC Announces Appointment of Nigam as SVP of Product and Technology

San Diego-based ID Analytics LLC has named Ajay Nigam to the post of senior vice president of product and technology, where he will oversee the introduction of new products to the market.

Kratos Reports Q1 Revenues of $167.8M

Kratos Defense & Security Solutions Inc. reported a net loss of $10 million, or 13 cents per share, on revenues of $167.8 million in the first quarter of 2017.

Thursday, May 4

Encore Capital Announces New CEO

San Diego-based debt buyer and collector Encore Capital Group announced Thursday it has selected Ashish Masih, who heads Encore subsidiary Midland Credit Management, to succeed Ken Vecchione as the company’s president and chief executive officer.

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Why ‘Opportunity To Work Act’ is a Job Killer

This past December, California Assembly members Ash Kalra (D-San Jose) and Lorena Gonzalez Fletcher (D-San Diego) introduced a bill intended to fight underemployment.

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Ajay Nigam Joins ID Analytics as SVP of Product/Technology

San Diego-based ID Analytics LLC has named Ajay Nigam to the post of senior vice president of product and technology, where he will oversee the introduction of new products to the market.

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Nonprofit Guides Homeless Families to New Home, New Start

Solutions for Change announced that it held a ceremony at the Vista Civic Center recently to recognize formerly homeless families who were able to regain control of their lives through the nonprofit’s programs.

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Rancho Del Rey Is Perfect Place for Luxury in a Family Setting

Up a lovely tree-lined boulevard in Chula Vista on the eastern side of Interstate 805 is the upscale gated community of Rancho Del Rey Estates. One of two gated communities in the larger Rancho Del Rey area, the development sits high on a ridge with sweeping views of the surrounding mountains, city lights and the ocean.

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A Peek at the Not-So-Distant Past

Ten years ago, in May 2007, few people saw a recession on the horizon, and the San Diego Business Journal featured this in its pages …

Qualcomm’s IP and Licensing Strength Targeted in Disputes

Clashes With Companies, Regulators Raise Question: Is San Diego-Based Co. FRAND or Foe?

It’s a fairly straightforward process. Modern-day Thomas Edisons dream up the invention. Their lawyers draw up the patent. And the technical splendor of that patent leads to a licensing agreement with Consumer Product Manufacturer X, which wants to use the invention in cutting-edge devices such as smartphones.

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Neurocrine Prices Pills High, Revenues to Ramp in 2018

Neurocrine Biosciences Inc. has priced its new medicine on the high end of the spectrum, topping all previous estimates for the drug’s annual cost to patients.

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Vaulted Makes Its Debut

Cubic Corp. is offering something new in cybersecurity: an application called Vaulted.

Planck to Adapt Drone for Role in Border Protection

It’s not really a defense contract, but it’s definitely a federal effort. East Village-based Planck Aerosystems Inc. recently received $152,500 from the U.S. Department of Homeland Security to develop unmanned aircraft technology that may help border patrol agents do their work. DHS announced the award on April 27.

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New Sensor Improves Global Hawk’s Vision

Northrop Grumman Corp.’s Global Hawk high-altitude spy aircraft recently made its first flight carrying a UTC Aerospace Systems MS-177 long-range multispectral imaging sensor. The high-tech sensor is a derivative of the powerful camera carried on the U-2 spy aircraft. The test flight, out of Palmdale, was Feb. 8, but UTC kept the wraps on the announcement until mid-April.

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A Work of Art Changes Hands

The person who painted the exterior walls on an otherwise nondescript Old Town apartment complex off Interstate 5 had artistic ambitions for the project — Michelangelo-sized, to be exact.

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Barbacoa, Brews And Bridal Accessories…

In University Towne Center, diners by the end of May should be seeing the opening of the long-awaited Red O, an upscale Mexican-style restaurant taking the space long occupied by Donovan’s before its move last year to the Village of La Jolla.

Ignyta Announces $76.9 Million Stock Offering

Ignyta Inc., a local company working on anti-cancer therapies, is raising $76.9 million in a stock offering.

Several Education Projects Are in the Works

The University of California, San Diego plans a $7.3 million renovation of the Tuolumne Apartments, a nine-building complex built in 1975 at Muir College on the La Jolla campus. According to general contractor BNBuilders, the work will be completed this summer and includes fire and safety-related upgrades.

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Political Changes Begin to Play Out in Real Estate

Assessing President Donald Trump’s impact on commercial real estate in his first 100 days, a recently released nationwide report by brokerage firm Cushman & Wakefield offers a mix of potential good news and bad news.

These Three Trends Are Ruling Retail Real Estate So Far in 2017

PROPERTY: Restaurant Expansion, Solid Housing Market Create Demand

Project and tenant announcements of the past few weeks, combined with first-quarter data, reveal some prominent patterns driving San Diego County’s retail space climate so far this year.

La Mesa Apartment Property Sold for $3.2 Million

San Diego-based Real Asymmetry Parkway LLC has acquired a 16-unit La Mesa apartment property for $3.2 million, according to brokerage firm ACRE Investment Real Estate Services.

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Steven Chen Promoted to CMO at Avelas Biosciences

Avelas Biosciences Inc., a cancer diagnostic company, has promoted Dr. Steven Chen to serve as the company’s chief medical officer.

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Developer Returns to the Challenge of the Big Game

Brad McQuaid, a legend among videogamers and a former Sony executive, is building a computer game company in Carlsbad called Visionary Realms Inc. McQuaid is best known as the man behind the popular computer game “EverQuest,” a genre-creating title that predates “World of Warcraft” as the first commercially successful game of its kind.

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Evangelist Cerullo Set to Unveil Details on Mission Valley Training Center

What does prominent evangelist Morris Cerullo have in store for a site that currently houses a hotel off Interstate 8 in Mission Valley?

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Co. Changes the Way You Hear the Virtual and the Real World

SOFTWARE: Audio Experience Liberated From Headphones, Improved

This company’s technology gives users a headphonelike experience, except without the headphones.

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Providing Tech Tool Belt For Construction

TECH: Co. Narrows Focus For Mobile Documentation Software

San Diego is seeing a boomlet in startups targeting the construction industry, which continues to lag behind other businesses in adopting technology.

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Projects Near SDSU Could Redefine Area

PROPERTY: Factors Favorable For Sea Change Redevelopment

The recent opening of San Diego State University’s $143 million South Campus Plaza has business owners in the adjacent College Area optimistic that the neighborhood could be next in line for an urban revival.

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Diagnostic to Guide Late-Stage Cancer Treatment

HEALTH: Funding Puts $40M Into Prostate Cancer Fight

Armed with $40 million in fresh capital, Epic Sciences Inc. is ramping up development of tests that show how well cancer patients will respond — or not respond — to anti-cancer treatments.

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Coffee With A Perk

Entrepreneur Sees Blend as Better Way To Deliver Nutrients

Running a digital marketing agency and starting a new company — not to mention preparing to get married — doesn’t faze Brandon Fishman.

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Wednesday, May 3

Tapestry Solutions Awarded $10.3 Million Army Contract

The U.S. Army awarded San Diego-based Tapestry Solutions Inc. an 18-month, $10.33 million fixed-price contract for what it calls mission command training support services.

DexCom's Q1 Revenues Fall Short of Projections

Stock is down nearly 10 percent Wednesday for San Diego device maker DexCom Inc. following an earnings report that left some investors unimpressed.

Imperial Beach Apartment Property Sells for $3.19 Million

Blue Corner Capital LLC of San Diego has purchased a 15-unit apartment property in Imperial Beach for approximately $3.19 million, according to brokerage firm ACRE Investment Real Estate Services.

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County Construction Trends: First-Quarter Numbers Are In

So how is San Diego County’s construction activity tracking with year-ago numbers?

Two Firms to Benefit From Navy Contract

AMSEC LLC and Gryphon Technologies LC will provide services on U.S. Navy aircraft carriers under contracts announced on May 1.

San Diego Firm Starting Work on $11 Million Townhome Project in Ramona

San Diego-based Pathfinder Partners plans a May 11 ground-breaking for Paseo Village Townhomes, an $11 million project in Ramona.

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HLI Just Snatched Up 4 GE Execs

San Diego’s growing health intelligence company, Human Longevity Inc., has recruited four executives from GE Healthcare to lead the company’s commercialization efforts.

Seacoast Commerce Bank to Acquire Orange County-Based Capital Bank

Seacoast Commerce Banc Holdings, parent company of Rancho Bernardo-based Seacoast Commerce Bank, has signed an agreement to acquire Capital Bank for $60 million in a cash-and-stock deal.

Tuesday, May 2

Developer Returns to the Challenge of the Big Game

A legend among video gamers who is a former Sony executive is building a computer game company in Carlsbad called Visionary Realms Inc.

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Construction Employment Highest in Nearly a Decade

Construction employment in San Diego rose to 79,500 jobs at the end of March, up 8 percent from a year ago and nearly 20 percent more than in March 2015.

Point Loma Retail Center Sells for $15 Million

Capital Asset Management of Carlsbad has acquired a two-building retail center in San Diego’s Point Loma area for $15 million, according to CoStar Group and brokerage firm Marcus & Millichap.

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Orexigen Subsidiary Signs Deal With Swedish Distributor

A subsidiary of local drugmaker Orexigen Therapeutics Inc. has signed a deal with Navamedic AB, a Swedish distributor, to commercialize one of its products in five Nordic countries.

Mike Dee Named President of Entercom Sports

Entercom Communications announced the appointment of Mike Dee, former president and chief executive officer for the San Diego Padres who was let go by the team in October 2016, as president of Entercom Sports, a new position focused on creating value for the company’s sports business enterprise.

Big Pharma Execs Join Renova Leadership Team

Renova Therapeutics Inc., a local biotech developing gene and peptide therapies, has recruited two Big Pharma executives to join the biotech’s leadership team.

Carlsbad Warehouse-Office Property Sold for $11.25 Million

An affiliate of Beverly Hills-based M & P Family Trust has acquired a Carlsbad warehouse and office building for $11.25 million, according to CoStar Group and brokerage firm CBRE Group Inc.

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Monday, May 1

Senomyx Inc. Posts Q1 Revenue of $4.47 Million

Earnings for Senomyx Inc., a local biotech that makes flavor enhancers, have beat Wall Street’s expectations, according to the company’s financial statements.

Maxwell Technologies Names Kassir VP and GM of Energy Storage Products

Maxwell Technologies Inc., a developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, announced the appointment of Thibault Kassir as vice president and general manager, energy storage products.

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Jeff Mansfield Retiring From Navy, Establishing Private Practice

Jeff Mansfield, who is leaving his position as counsel to the U.S. Navy’s Southwest Regional Maintenance Center and is retiring from the Navy, plans to continue his legal work in San Diego by setting up his own practice.

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Cohu Inc. Reports Q1 Net Income of $6.8 Million

Cohu Inc. reported first quarter net income of $6.8 million, or 24 cents per diluted share, on net sales of $81.1 million. In the same quarter of 2016, Cohu (Nasdaq: COHU) reported a net loss of $1.7 million, or 6 cents per diluted share, on net sales of $65.8 million.

Startup Tackles Big Business Inefficiency

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

After working for some of the biggest tech giants in California, the founders of Boxton Inc. realized that big businesses sometimes waste big money.

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ResMed Q3 Revenue of $514.2 Million Misses Expectations

The stock price for San Diego’s ResMed Inc. is down 4.5 percent since Friday’s quarterly earnings report, which showed the medical device maker’s sales below Wall Street’s expectations.

Blast From the Past

May 1992: Twenty-Five Years Ago in the San Diego Business Journal

Shegerian & Associates Opens San Diego Office

Shegerian & Associates Inc., a Santa Monica-based law firm that specializes in employment law, has opened an office in San Diego.