Stories for October 2017

Tuesday, October 31

Leidos Inc. Gets $17 million TSA Contract

Leidos Inc. said it received a prime contract from the Transportation Security Administration that could be worth as much as $17 million over five years.

Report: Apple Considers Building iPhone Without Qualcomm Chips

Apple Inc. is mulling whether to build new wireless phones and tablet computers without electronic components from Qualcomm Inc., the Wall Street Journal reported.

Monterrey Provision Co.'s Distribution Center in Otay Mesa to Close

Chicago-area food distributor KeHE Distributors LLC is closing the Monterrey Provision Co. distribution center in Otay Mesa and laying off 91 employees 18 months after acquiring the family-owned company.

SDBJ to Honor Women in Business

Each year, the San Diego Business Journal recognizes women business leaders who are making a difference in their workplaces and communities every day.

Monday, October 30

Study: Baby Boomers Moving Into Apartments

Baby Boomers are making a comeback when it comes to seeking new apartment housing.

BofI Adds Former Encore Capital CEO to Board

James Brandon Black joins board led by familiar face: former Encore CFO Paul Grinberg.

A former CEO of San Diego-based Encore Capital Group Inc., which buys and sells credit card debt, has joined the boards of directors of BofI Federal Bank and its parent company, BofI Holding Inc.

Mission Valley Office Building Sells for $8.3 M

A Mission Valley office building has been sold for $8.3 million.

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Sempra Reports Q3 Earnings, Notes Potential Wildfire Costs

San Diego-based Sempra Energy in quarter three results recorded higher earnings, though that’s without taking into account potential costs related to the 2007 wildfires.

Renovate America to Cut 100 Employees

Layoff announcement follows significant leadership changes at the company, which connects homeowners with financing for home improvements.

Sunday, October 29

Pirch to Lay Off Workers in San Diego County

San Diego-based retailer Pirch has notified state officials that it intends to lay off 78 workers in San Diego County.

Impact Biomedicines Reaches Multimillion Dollar Financing Deal

Impact Biomedicines in San Diego locked down a funding package worth up $90 million to advance the development and commercialization of a bone marrow and cancer drug.

Callaway Golf Continues Upswing with Q3 Results

Carlsbad-based Callaway Golf Co.’s strong sales led to better-than-expected quarter three earnings.

The Business Calendar for the Week of October 30, 2017

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

San Diego’s Kimpton Hotel Palomar Gets New Restaurant

A new restaurant, Curadero, has opened in downtown San Diego’s Kimpton Hotel Palomar as part of a renovation project.

Rancho Bernardo Center Sold for $60.5 M

Realterm Logistics has bought the Bernardo Mesa Technology Center for $60.5 million.

Alphatec Q3 Revenue Drops Due to Hurricanes

Carlsbad-based Alphatec in preliminary quarter three results reported revenue of $22.8 to $23.1 million.

North Island Credit Union Opens First North County Branch

North Island Credit Union recently opened its first North County retail branch in Encinitas.

ICW Group Insurance Cos. Names New COO and Strategic Execution Officer

ICW Group Insurance Cos., a San Diego-based group of property and casualty carriers, has hired John Novak as chief operating and strategic execution officer.

Thursday, October 26

ResMed Reports Boost in Q1 Revenue

San Diego-based ResMed in first quarter earnings on Oct. 26 reported $523.7 million in revenue, a 13 percent year-over-year increase.

New San Diego Lacrosse Team Selects Sea Mammal Mascot

The San Diego Seals, the city's new National Lacrosse League team, plans to make its debut roughly a year from now.

BofI Holding Inc. Posts Net Income of $32.4 M in Past Quarter

The parent company of online bank BofI Federal Bank (BofI) reported this week net income of $32.4 million in the past quarter.

Michelin North America Takes Equity Stake in S.D.-based SmartDrive Systems

Michelin North America has taken an equity stake in San Diego-based SmartDrive Systems.

Imperial Beach Apartments Sold for $2.8 million

An Imperial Beach apartment complex has been sold for $2.8 million to IB Villas II, LLC.

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Cos., Brands Tap Into Growing Influence of Social Networks

MARKETING: Tourism Among Industries That Leverage ‘Relatability’

Jesse Weinberg founded Global Yodel in 2011 as a travel website featuring locals’ perspective on their hometown. It just so happened the platform was suited to ride the coming wave of influencer marketing.

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GA Aeronautical Maps Wildfires

The California Air National Guard’s 163rd Attack Wing put an MQ-9 unmanned aircraft to work over Northern California earlier this month to gather intelligence on how the catastrophic wildfires were progressing.

Contractor Finds Sweet Spot As Bigger Fish in Small Pond

Indus Technology Inc. has a new owner.

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Project Concern Puts New USDA Grant to Work in Nicaragua

In honor of World Food Day on Oct. 16, 2017, San Diego-based Project Concern International announced the expansion of its McGovern-Dole International Food for Education Program in Nicaragua. Thanks to a new award from the U.S. Department of Agriculture, the global nonprofit will provide 77,500 school children with daily school meals in some of Nicaragua’s most remote and vulnerable communities.

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Sheppard, Mullin Ranks Tops Among Pro Bono Honorees

Sheppard, Mullin, Richter & Hampton, LLP was recognized with the 2017 “Outstanding Law Firm” award from the San Diego Volunteer Lawyer Program, the oldest and most comprehensive pro bono legal services program in San Diego County. SDVLP serves the most vulnerable members of the community, including the homeless, the abused,

Radar-like Lasers Show Promise in Obstacle Avoidance

NAVIGATION: Grant Helps Researchers Study How to Measure Motion

Lasers are getting more capable by the year.

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Bringing AI Out of the Shadows

DEEP LEARNING: Intel Latest To Leverage San Diego Talent for Neuroscience

With significant help from some new allies in the far south of the state, Intel Corp. plans to ship a neural network microchip by the end of the year.

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IDEA1 Opening A Refreshing Change

DOWNTOWN: Hub Concept New for Mixed Use Developments

A dream that started seven years ago is about to become a reality with the official November opening of IDEA1 – a $91 million downtown San Diego project that combines office space, apartments, restaurants and retail space.

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San Diego Private Bank Settling into New Beverly Hills Digs

BANKING: 5th Location May Be Cash-Flow Positive Within First 6 Months

Fewer than three months after San Diego Private Bank opened its first branch in Los Angeles County in the former West Coast headquarters of Time Magazine, the bank is expanding its 4,000-square-foot footprint by another 1,000 square feet.

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Mesa College Breaks Ground On Arts Building

San Diego Mesa College and C.W. Driver Companies recently broke ground for construction of a $12.8 million fine arts building on the school’s Clairemont campus.

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Amid Losses, Smaller Crowds, SeaWorld Cuts 350 Jobs, 79 Locally

SeaWorld recently announced the elimination of 350 positions nationwide as part of a restructuring, following declines in attendance and revenue.

Spicing Up Chocolate

FOOD: CreativeApproach Translates into 3X Growth

Michael Antonorsi was in his teens when he wrote a bucket list of three activities: travel South America by car, train in France as a chef and sail to New Zealand.

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Timeshares Continue Solid Growth

TOURISM: Grand Pacific, Welk Expand Resort Options

Last year, Carlsbad-based Grand Pacific Resorts broke ground on a project in its backyard: an expansion of the Westin Hotel at the end of The Crossings Drive, adjacent to the Legoland California theme park.

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Office Rents Hit High Mark

Rents sought by owners of San Diego office buildings have reached an historic high in the most recent quarter, according to a report from CBRE.

Downtown Activity Strong

Office sales activity was strong throughout the third quarter after many properties remained on the market for sale at the end of the second quarter.

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Industrial Prospects Remain Among Nation’s Best Bets

San Diego’s hot. The city was ranked third in the country as the place to invest in industrial property in a study by a national real estate company.

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The Sale of the Art

COMMERCIAL: Artists Must Use Creativity for Pricing

Michael Carini prides himself on his brush stroke, along with his business acumen.

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Suja Co-founder Lawless Launches Makeup Startup

Annie Lawless, the early co-founder of San Diego’s juice giant Suja Juice has launched a new venture in San Diego: a makeup company called Lawless. Like Suja Juice, this brand is also targeted to the health-conscious consumer. The company’s cosmetics are said to be free of carcinogenic, toxic, hormone and endocrine-disrupting ingredients, according to the company’s press release.

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Cosmetics Co. Seeks to Create Lasting Impression

Beauty Bakerie, a quirky cosmetics company in San Diego, has raised $3 million in a fundraising round led by Unilever Ventures, the investment arm of consumer goods giant Unilever.

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Diet Pill Maker Orexigen Losing Race to Profits

PHARMA: Unable to Go It Alone, Co. Pursues Strategic Alternatives

Diet pill maker Orexigen Therapeutics, one of San Diego’s struggling public companies, may soon auction itself off to the highest bidder in an attempt to fortify its finances.

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HomeStreet Counters Trend By Adding Local Branches

BANKING: Seattle-Based Company Sees Opportunity To Deepen Relationships

A Seattle-based community bank is expanding its brick-and-mortar network in San Diego while bolstering its online offerings, taking two paths in pursuit of success even as the number of banks and bank offices continues to shrink locally and nationwide.

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Wednesday, October 25

Acutus Medical Imaging Tech Receives FDA clearance

The FDA has cleared Carlsbad-based Acutus Medical’s AcQMap system.

HBG Design Moves to New Downtown S.D. Location

A downtown San Diego architectural firm that specializes in work for the hotel and entertainment industry has moved to a new location with room to grow.

NuVasive Reports Q3 Results

Spine surgery and medical device company NuVasive reported solid revenue growth in its third quarter earnings report, driven by strong international sales.

North Park Apartment Building Goes for $2.16M

A nine-unit North Park apartment building at 4178 32nd St. sold for nearly $2.2 million.

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City Heights Apartment Complex Sells for $4.16M

A City Heights apartment complex – Marlborough Villas – has been sold for nearly $4.2 million.

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Rally’s Restaurant Coming in November to S.D.

A Rally’s Restaurant is scheduled to open in November inside the Walmart store at 3382 Murphy Canyon Road.

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Neighborhood Healthcare’s Longtime CEO Retires, Successor Named

Neighborhood Healthcare, which has 12 health centers in San Diego and Riverside, has tapped Rakesh Patel as its new CEO.

The Pentagon Taps Coffman Specialties for $31.1M Work Order

The Pentagon awarded San Diego-based Coffman Specialties Inc. a $31.1 million task order.

Tuesday, October 24

5 S.D. Firms Compete for $30 million in U.S. Navy Work

Five San Diego construction firms will vie for $30 million worth of U.S. Navy work under a decision announced by the Pentagon Oct. 23.

$12.8M Fine Arts Building Coming to San Diego Mesa College's Clairemont Campus

San Diego Mesa College and C.W. Driver Companies recently broke ground for construction of a $12.8 million fine arts building on the school’s Clairemont campus.

Bluewater Grill Opens In Carlsbad

Bluewater Grill has opened a Carlsbad restaurant in a redesigned and expanded space.

Comhear Inc. Moves HQ to La Jolla

Comhear Inc., an audio technology company, is moving its corporate headquarters from Torrey Pines to 4435 Eastgate Mall in La Jolla.

S.D. Approves $160 Million Legacy International Center

The proposed $160 million Legacy International Center in Mission Valley has been approved by the San Diego City Council.

Ignyta Inc. Raises $160 Million in New Stock Offering

San Diego drugmaker Ignyta Inc. is piggybacking off recent positive press by raising $160 million in a new stock offering.

Monday, October 23

Katz & Associates Names New President

Derek Danziger has been named president of Katz & Associates as the San Diego communications firm looks to expand to new markets.

U.S. Army Gives GA-ASI a $462.1M Contract for Servicing Drone

GA-ASI received a $462.1 million contract modification from the U.S. Army for a year’s worth of services for the Army’s Gray Eagle unmanned aircraft.

Canines Challenged to Match Colors Using Game Console

Defying conventional wisdom, San Diego-based CleverPet Inc. has introduced a game that challenges dogs to match colored lights.

FDA Gives Special Classification to Neurocrine Biosciences Drug

Regulators with the U.S. Food and Drug Administration have handed Neurocrine Biosciences a special classification for one of its drug programs, granting the company a number of perks.

Photo courtesy of Charlie Neuman Photography

Henry Ford called his first vehicle the “Quadracycle.” He completed it in 1896, when people gave the first iterations of cars names like horseless carriages, automotor horses, motor wagons, oleo locomotives and mechanical wagons.

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AMN Brings Life-Changing Surgeries to Kids in Guatemala

AMN Healthcare just returned back from its 5th annual mission trip to Guatemala, where the team has touched more than 16,000 people with its life changing efforts. This year, the focus was the disfiguring condition Strabismus, which creates a cross-eyed effect and is easily addressed through surgery. Strabismus does not affect the child’s brain or development otherwise, but they are rarely offered treatment.

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Innovation, Specialization Now Define Region’s Aviation Sector

ECONOMY: Many Jobs Created; Defense Needs Still a Big Driver

More than a century after the U.S. Navy tried out aircraft for the first time at North Island, the aviation business persists in San Diego County.

Private Jet Business Sticks With Its Flight Plan

Attempts to Bring Uber-Like Services or Other Big Changes to Aviation Don’t Take Off

There is something to be said for an on-demand charter flight, said Kimberly Herrell of Carlsbad-based Schubach Aviation. It’s nothing fancy. It’s the vanilla ice cream in the freezer case among sprinkles and swirls.

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Mirati’s Cancer Drug Lifts Stock, While Otonomy Hears Bad News

BIOTECH: Collectively Stocks Up 4% But Gains Not Spread Equally

The stock performance of San Diego’s public life science companies saw a modest gain in the third quarter, with a few high-performing drugmakers pulling up the region’s average.

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Shoe Co. Finds S.D. a Good Fit as Hub of U.S. Expansion

RETAIL: Algae Product Connection, PR Firm And Attitude Led to S.D.

Galahad Clark reaches under the table at Swell Coffee Co. in Del Mar and peels off one shoe.

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Co. Provides ‘Spares’ for Aircraft Carrier Systems

General Atomics’ Electromagnetic Systems unit is providing the Navy with repair parts for its next-generation aircraft catapult and arresting gear, which is being installed on the new USS Gerald R. Ford-class aircraft carriers.

GA-ASI Retools for Extended-Range Drones

General Atomics Aeronautical Systems Inc. has made some changes in its Poway factory reflecting its U.S. Army client’s new preferences.

Pentagon Is a Big Fan of Northrop’s Jamming

Signal jammers are turning into a healthy business for Northrop Grumman Corp.

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Comings and Goings

The former Porkyland restaurant in Torrey Pines has been remodeld as Himitsu, an elevated Japanese restaurant that specializes in fresh nigiri, sashimi, sushi and izakaya-style tapas.

Depot Buyer Seeks Retail Usage

San Diego’s historic Sante Fe Depot has been sold, but details on who bought it and how much they paid for it haven’t been disclosed. The depot, at 1050 Kettner Blvd. in downtown San Diego, was sold by Prologis Inc., a San Franciso real estate investment trust in a deal handled by Voit Real Estate Services.

Westfield UTC’s $600M Overhaul Nears Completion

Construction workers were still keeping busy with landscaping and signage, as the Westfield UTC mall entered the final home stretch on a $600 million renovation and expansion.

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Seacoast Commerce's Q3 Net Income Impacted by Merger

Seacoast Commerce Bank reported recently that its net income in the third quarter, which ended Sept. 30, was about $1.43 million, 4.9 percent below a year ago.

New Fitness App Brings Huge Body of Knowledge to Personal Workout

Analytics Guide Users; Co. Plans to Capitalize On Free App’s Audience Down the Road

When you get brilliant software engineers in the same room as fitness junkies, a workout app will inevitably be born.

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VC Funding Up While Quantity of Deals Is Down in Q3

INVEST: Brain Corp.’s Series C Brings $114M; Strong Q4 Is Expected

Investments in emerging companies in San Diego were bigger but fewer in number during the third quarter compared with the same time last year.

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Opposites Attract in Merger of Seacoast, Capital Bank

BANKING: Traditional Commercial Bank Added To Seacoast’s SBA Focus

San Diego’s Seacoast Commerce Bank has completed its first acquisition. The merger with San Juan Capistrano-based Capital Bank, now a division of Seacoast, closed Oct. 1. The banks’ systems will be integrated Oct. 30, said Rick Sanborn, CEO of Seacoast.

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Stability for Cruise Biz Part of Port Energy Plan

TRAVEL: A Big Energy Rate Hike Could Sink Sector Growth

The Port of San Diego and SDG&E embarked on a proposed energy management plan that looks to shield cruise ships from a potential five-fold increase in power costs, among other big goals.

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Business Is Blooming After the Drought

AGRICULTURE: Crop Values Up; Nurseries See Renewed Interest

The drought easing up last year and then officially ending in April contributed to a rebound in San Diego County’s agriculture industry.

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Former S.D. Juice Giant Co-founder Launches New Makeup Company

Annie Lawless, the early co-founder of San Diego’s juice giant Suja Juice has launched a new venture in San Diego: a makeup company called Lawless.

Leading Roles Can Be Personally Challenging for CTOs

TECH: Group Helps Them Take On Tasks Beyond Tech

Imagine your sharpest, most effective software engineers. They’re communicative and affable. Their charisma influences and inspires. They’re leaders of men and masters of code. Right?

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Casinos’ Upgrades Aim For Winning Reputations

GAMING: Expansions, Amenities Create a Buzz

Tribal businesses in the region are investing more than $1 billion in new facilities and upgrades to their casinos, all in an attempt to get more of the gambling enthusiast’s dollar.

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Sunday, October 22

Mitek Systems Acquires Spanish Company

Downtown-based Mitek Systems Inc. said it acquired Icar Vision Systems S.L., a Spanish company specializing in customer identity verification. Icar’s technology also prevents document forgery and mitigates the risk of fraud.

Dashboard: San Diego Last in Affordability Among Similar Metros

Compared to nine similar metro regions, San Diego finished last in affordability and has the third highest cost of living.

Business Confidence Index Remains Moderately Positive

The San Diego Regional Chamber of Commerce’s business outlook index has dropped since the beginning of the year, though it remains in moderately positive territory

Developer Building $10M Apartment Complex Near Lake Murray

A $10 million apartment complex in La Mesa’s Lake Murray neighborhood is being developed by SENTRE, a San-Diego-based commercial real estate investment firm.

The Business Calendar for the Week of October 23, 2017

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

WD-40 Co. Reports FY2017 Results

Specialty chemical producer WD-40 Co. reported net income of $52.9 million, or $3.72 per diluted share, on revenue of $380.5 million for its 2017 fiscal year, which ended Aug. 31.

NuVasive .Launches 3-D-Printed Titanium Implant

Medical device and surgery company NuVasive has launched Modulus XLIF, titanium implants that are 3-D-printed, expanding the company’s surgical offerings.

Reliant Funding Hires Chief Marketing Officer

San Diego-based alternative lender Reliant Funding has hired Steven Kietz as chief marketing officer.

Housing Federation Director Appointed to Civic San Diego's Board

San Diego Housing Federation Executive Director Stephen Russell has been appointed to Civic San Diego’s (CivicSD) board of directors.

Friday, October 20

Reliant Funding Names Steven Kietz as Chief Marketing Officer

San Diego-based alternative lender Reliant Funding has hired Steven Kietz as chief marketing officer.

$10M Apartment Complex Being Developed in Lake Murray Neighborhood

A $10 million apartment complex in La Mesa’s Lake Murray neighborhood is being developed by SENTRE, a San-Diego-based commercial real estate investment firm.

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NuVasive Launches 3D-Printed Titanium Implant

Medical device and surgery company NuVasive has launched Modulus XLIF, titanium implants that are 3-D-printed, expanding the company’s surgical offerings.

WD-40 Reports FY2017 Results

Specialty chemical producer WD-40 Co. reported net income of $52.9 million, or $3.72 per diluted share, on revenue of $380.5 million for its 2017 fiscal year, which ended Aug. 31.

Housing Federation Director Appointed to CivicS.D. Board

San Diego Housing Federation Executive Director Stephen Russell has been appointed to Civic San Diego’s (CivicSD) board of directors.

Thursday, October 19

San Diego-Based eSUB Partnering With Software Co. Autodesk

San Diego-based eSUB Construction Software, a software-as-a-service company that provides subcontractors with project management and labor tracking programs, has partnered with San Rafael-based software company Autodesk Inc. to expand its offerings.

Arcturus Therapeutics Partnering With Pharma Giant on Infectious Diseases

Arcturus Therapeutics Inc., a small local biotech that reversed its way into the public markets a few weeks ago, has struck a comprehensive research deal with pharmaceutical giant Johnson & Johnson.

Chula Vista Courts Amazon With $400 Million Worth of Incentives

Chula Vista is holding out $400 million worth of incentives to become Amazon’s second headquarters city.

Shoe Co. Wants San Diego and U.S. to 'Live Barefoot'

A series of serendipitous events has inspired the company to make San Diego its hub for an expansion into the American market.

San Diego Private Bank's Parent Co. Reports Increase in Earnings, Assets

Private Bancorp of America, the parent company of San Diego Private Bank, announced an 8 percent year-over-year increase in quarterly earnings Oct. 18.

Golden Hill Apartment Complex Sells for $2.07 Million

A Golden Hill apartment complex has sold for $2.07 million in an all-cash deal.

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Wednesday, October 18

Valley View Casino Announces $50 Million Expansion Plans

Valley View Casino & Hotel northeast of Escondido announced plans to expand, on Oct. 17.

CareFusion to Lay Off Up to 81 Employees in San Diego

Medical device maker CareFusion will eliminate about 81 positions in San Diego as part of a strategic shift.

Special Guests Announced for the Veteran and Military Entrepreneur Conference & Awards

Rear Admiral Yancy B. Lindsey, Commander, Navy Region Southwest; and Rear Admiral Allie Coetzee Leslie, Deputy Administrator of the US Small Business Administration will be attending the 2017 Veteran and Military Entrepreneur awards dinner.

Qualcomm Names New Chief Marketing Officer

Qualcomm Inc. has gone to Silicon Valley for its new chief marketing officer.

Northrop Grumman Receives $15.2 million Navy Contract for Fire Scout Work

The U.S. Navy awarded Northrop Grumman Corp. a $15.2 million contract modification to integrate specialized radar equipment into its Fire Scout unmanned helicopter.

Karolyn Dale Name VP of Development for Junior Achievement of San Diego County

Junior Achievement of San Diego County (JA) has hired Karolyn Dale as the nonprofit organization’s new vice president of development.

Escondido Apartment Complex Sells for $2.62 Million

An Escondido apartment complex at 333 N. Jupiter St. has been sold for $2.625 million.

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Qualcomm Inc.'s Latest Endeavor: Making Movies

Qualcomm Inc.’s wide-ranging ad campaign pointing to its role in creating the smartphone ecosystem has covered billboards and hit the TV. Now it has taken a turn into film.

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Tuesday, October 17

Ionis Earns $10M Milestone Payment From Biogen

Carlsbad drugmaker Ionis Pharmaceuticals has earned $10 million from its Big Pharma partner Biogen for taking one of its experimental drugs to the clinic.

Schubach Aviation Is Assisting People in Evacuating From Puerto Rico

A small part of the relief effort for hurricane-damaged Puerto Rico is being coordinated in Southern California, on the second floor of a hangar building at McClellan-Palomar Airport in Carlsbad.

Evofem Biosciences, Neothetics Announce Merger Agreement

Following its failure in the clinic, San Diego’s fat-busting biotech Neothetics is folding into a growing local company called Evofem Biosciences.

Tourism Marketing District Taking Applications for Grants

Sponsors of tourism-related events and programs within the City of San Diego can apply for funding from the San Diego Tourism Marketing District starting Oct. 24.

Ernesto M. Arredondo Jr. Named Chief Banking Officer for Seacoast Commerce

Seacoast Commerce Bank has hired its first chief banking officer, longtime banker Ernesto M. Arredondo Jr.

Cubic Making First Foreign Sale of Its GATR Satellite Equipment

Cubic Corp. received a $5 million contract to supply its GATR portable satellite dishes to New Zealand’s military services.

Comic-Con International Names Executive Director of Balboa Park Exhibit Space

Comic-Con International announced the selection of Adam Smith as its executive director of the year-round Comic-Con meeting and exhibit space in Balboa Park.

Lorin Stewart Named Chief Executive of USO San Diego

Lorin Stewart, most recently head of LEAD San Diego, is USO San Diego’s new chief executive, the organization said Oct. 16.

Monday, October 16

Illumina Ventures Raises $230M Fund to Support Genomics Startups

The venture capital firm founded by San Diego’s DNA instrument giant Illumina Inc. has raised a $230 million fund to fuel genomics startups.

Qualcomm Sues Apple in China, Seeks to Ban iPhone Sales in That Country

Qualcomm Inc. has filed lawsuits against Apple Inc. in China, seeking to ban the sale and manufacture of iPhones in that country, Bloomberg News reported late last week.

San Diego Startups Raise More Than $300M in Q3

Investments in emerging companies in San Diego were bigger but fewer in number during the third quarter compared to the same time last year.

Qualcomm's Latest Endeavor: Making Movies

Qualcomm Inc.’s wide-ranging ad campaign pointing to its role in creating the smartphone ecosystem has covered billboards and hit the TV. Now it has taken a turn into film.

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Marriott Residence Inn Chula Vista Is First Hotel to Open in Otay Ranch

The Marriott Residence Inn Chula Vista, built by Baldwin & Sons in Otay Ranch, opened to the public Oct. 13 with a formal grand opening slated for Oct. 19.

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El Cajon Apartment Complex Sold for $2.7 Million

A 16-unit El Cajon apartment complex at 633 E. Park Ave. has sold for a price of $2.7 million..

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King and Queen Cantina Opening on Kettner Blvd.

A San Diego branch of an Orange County’s Tempo Urban Kitchen is opening at 1490 Kettner Blvd. King and Queen Cantina, owned and operated by Jorge Cueva, will feature a Mexican Modern cuisine.

Sunday, October 15

Shelved Drug's Prospects Revived With $22 Million in Backing

Last year, a top San Diego executive snatched up a once-failed drug from pharma giant Sanofi and formed a new biotech startup around the medicine.

UC San Diego Professor Receives 'Genius Grant'

Cybersecurity expert Stefan Savage received a “genius grant” from the John D. and Catherine C. MacArthur Foundation.

PAE Applied Technologies Gets $35.1M Navy Contract

The U.S. Navy offers business opportunities in some of the most remote real estate in Southern California.

The Business Calendar for the Week of October 16, 2017

Some of the business events planned in the county for the week of October 16, 2017, and beyond.

Two Mira Mesa Hotels Sell for $25.17 Million

An affiliate of San Diego-based Excel Hotel Group has purchased two neighboring hotels in Mira Mesa for $25.17 million, according to CoStar Group and public data.

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S.D. Joint Venture to Share in $95M in Small Business Contracts for Army

The U.S. Army Corps of Engineers named a San Diego-based joint venture, IOIE-EQM JV, as one of four businesses that will share in a $95 million contract for flood recovery, infrastructure recovery, emergency management and military support

New General Manager Named for Rancho Valencia Resort & Spa

Richard Hill, who has more than 25 years of experience in the hospitality industry, has been named as general manager of Rancho Valencia Resort & Spa.

Friday, October 13

Shelved Drug's Prospects Revived With $22M

Last year, a top San Diego executive snatched up a once-failed drug from pharma giant Sanofi and formed a new biotech startup around the medicine.k

PAE Applied Technologies Inc. Gets Navy $35.1M Contract for San Clemente Island Work

The U.S. Navy offers business opportunities in some of the most remote real estate in Southern California. Case in point: San Clemente Island, about 75 miles west of San Diego County, which the Navy uses as a bombing and gunnery range.

S.D. Joint Venture to Share in $95 Million in Small Business Contracts for Army

The U.S. Army Corps of Engineers named a San Diego-based joint venture, IOIE-EQM JV, as one of four businesses that will share in a $95.0 million contract for flood recovery, infrastructure recovery, emergency management and military support. Work will continue through October 2022.

Business Calendar for Week of October 16, 2017

Some of the business events planned in the county for the week of October 16, 2017, and beyond.

University of California San Diego Professor Receives 'Genius Grant'

Cybersecurity expert Stefan Savage received a “genius grant” from the John D. and Catherine C. MacArthur Foundation.

Two Mira Mesa Hotels Sell for $25.17M

An affiliate of San Diego-based Excel Hotel Group has purchased two neighboring hotels in Mira Mesa for $25.17 million, according to CoStar Group and public data.

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New General Manager for Rancho Valencia Resort & Spa

Richard Hill, who has more than 25 years of experience in the hospitality industry, has been named as general manager of Rancho Valencia Resort & Spa.

Thursday, October 12

Westfield UTC’s $600M Overhaul Nears Completion

Construction workers were still keeping busy with landscaping and signage, as the Westfield UTC mall entered the final home stretch on a $600 million renovation and expansion.

AnaptysBio Plans to Raise $99M in Stock Offering

Local biotech AnaptysBio is capitalizing on its skyrocketing stock performance this week with an announcement that the company plans to raise $99 million in a stock offering this month.

S.D.-Based Cloudbeds Acquires San Francisco Software Firm OneRooftop

Local startup Cloudbeds has acquired San Francisco software firm OneRooftop, a website builder for vacation rentals, in a deal that expands the San Diego company’s offerings.

Dick Miller Inc. Receives $12.3M Contract for Port Redevelopment

San Marcos-based Dick Miller Inc. received a $12.3 million contract for redevelopment work at San Diego’s 10th Avenue Marine Terminal.

Innovative Industrial Properties Inc. Announces Preferred Stock Offering

Innovative Industrial Properties Inc., an investment company that aims to buy buildings and lease them to growers of medical marijuana, announced Oct. 12 that it is looking raise $15 million by selling 600,000 shares of preferred stock in the company at $25 per share.

NuVasive Receives Expanded FDA Clearance for Limb Lengthening System

The FDA gave San Diego company NuVasive expanded 510 (k) clearance for the company’s Precice system, which treats patients with limb length discrepancy and deformities.

Algae Shoes Seen as Step Up From Petroleum Products

Entrepreneur Stephen Mayfield, that UC San Diego professor who’s always making products from algae foam, is developing an eco-friendly flip-flop to add to his product portfolio.

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Three Steps to Take for More Housing Solutions

The Crisis On Our Streets

San Diego County businesses of all sizes struggle to deal with the growing impact of homelessness. More of our neighbors struggle to make ends meet, and local businesses are starting to feel the effects of the growing homeless population in our community. No longer can we step over those who need to be lifted up. Businesses and the entire community must work together now on a solution.

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Business Community Must Help Fill Critical Voids

The Crisis On Our Streets

For 30 plus years we have been helping San Diego’s homeless, but mostly on the periphery — donations, church and service club efforts. Over the past several years though, we’ve watched this situation deteriorate into a crisis with death on our streets. Many areas of our beloved San Diego are beginning to resemble a third-world country.

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Nonprofit, Southwest’s Partnership Helps Kids’ Dreams Soar

Promises2Kids announced its continuing partnership with Southwest Airlines as its official airline. Since 2014, Southwest Airlines has been Promises2Kids airline and a community partner that has supported the entire agency, including sponsorships for Promises2Kids’ Junior Guardian Scholars program, and the Dream On Concert Gala.

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Time to Vote in S.D. County Bar Association’s Section Elections

The 2018 San Diego County Bar Association section elections are open. Voting is only necessary for sections with contested seats, so you’ll only need to vote for leadership in the following sections: Business & Corporate Law; Estate Planning, Trust & Probate; Family Law; Intellectual Property Law; and Labor & Employment Law.

From a Pep Rally to a President’s Speech, Anchor Audio Is There

PRODUCTION: Co. Keeps Up With Advances And Big Competitors

Any U.S. high schooler in recent decades who participated in any outdoor event would likely be familiar with Anchor Audio’s flagship product.

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Manufacturing’s New Path Being Paved By 3-D Printing

Complex Printers Capable of Fusing Parts; Forecast 3D Tackles Jobs in Aerospace, Biomedical and Automotive

The new face of manufacturing in San Diego County sits inside a low-rise building at the end of a cul-de-sac next to McClellan-Palomar Airport.

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UCSD Health Second in Nation to Use New Radiation Machine

BIOTECH: Cancer Treatment Times to Be Reduced Up to 30%

UC San Diego Health is now one of only two centers in the world with an advanced radiation therapy machine that’s expected to shorten cancer patient treatment times by 20 percent to 30 percent.

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Lease Deals Bring New Incoming Tenants

San Diego’s Murphy Development recently announced three more big lease signings at its industrial and office property known as The Campus at San Diego Business Park in Otay Mesa. The U.S. government’s General Services Administration signed a 10-year lease for 40,872 square feet of office space at the 2055 Sanyo Ave. building, where fiber-optic technology provider kSARIA Corp. recently leased 59,267 square feet of office and warehouse space for three years.

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Filling Minds, Grocery Bags, and Plates

San Diego-based America’s Finest Charter School recently acquired a 12,726-square-foot former Universal Church building at 4481 Estrella Ave. for $1.8 million, with plans to convert it into a charter high school expected to take occupancy in the first quarter of 2018. The buyer of the property, which had been vacant for about a year, was represented by Peter Wright of QFC Real Estate, and the seller was represented by Thomas Riley of Mission Realty Co.

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Will Aztec Victories Affect Mission Valley Development?

Could the San Diego State University Aztecs’ surprisingly strong start this football season — undefeated at 6-0 as of mid-October — translate into ballot box success for backers of an SDSU-centric plan to redevelop the current Mission Valley stadium site?

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J&J’s Exit From Insulin Pump Market to Affect Tandem, DexCom

BIOTECH: Tandem May Gain Patients While DexCom Might Lose Users

Johnson & Johnson’s announcement that it will exit the insulin pump businesses appears to benefit one San Diego company, Tandem Diabetes Care, and potentially hurt another, DexCom.

Rocket Corp. Looks to Nature For Technological Inspiration

TECH: Also Big Role for Additive Manufacturing In Creating Optimal Shape

Look to nature to find something that works, and works well. Artists do it. So do engineers, including the newly minted engineers at Additive Rocket Corp.

Tijuana’s Dev Shops Target SoCal Startups

TECH: Coding Comes Cheaper, Closer and in Same Time Zone

It’s not unusual for tech startups to hire coders overseas, as tech talent is pricey and offshoring this kind of work can save a few bucks while budgets are tight. But hiring these remote workers can get tricky, and startups can end up hemorrhaging cash by outsourcing unwisely.

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Center Talks Aim For June Ballot Spot

POLITICS: Hotel Tax Hike Also to Address Homelessness

Informal talks are continuing among multiple organizations, aimed at reviving a proposed hotel tax-hike ballot measure to fund an expansion of the San Diego Convention Center. But this time the goals reportedly include getting it to voters sooner – possibly in June 2018 – and with more of the proceeds earmarked toward the city’s growing homelessness problem.

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Co. Sees New Pain Management Approach as Possible Opioid Solution

HEALTH: Alternatve Therapies Pushed by Physician Groups

Today’s national health crisis comes in pill form — i.e. opioid use. American Specialty Health is offering a possible solution that could reduce opioid use by relying on a combination of methods — including so-called alternative options — targeted to individuals for the treatment of pain.

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Blufftop Battleground

PROPERTY: Prime Coastal Spot in Del Mar Draws Developers With Reputation for Success

Two Encinitas developers — The Robert Green Co. and Zephyr — contend their track records with luxury projects in high-profile places, combined with some long-term patience, should guide them through an expected thicket of obstacles to completing their proposed oceanfront resort in Del Mar.

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Wednesday, October 11

Taiwan Fines Qualcomm $773M for Anti-Competitive Practices

Taiwan has fined Qualcomm Inc. $773 million, alleging that the San Diego corporation took part in anticompetitive practices.

Downtown’s Historic Santa Fe Depot Gets New Owner

A San Diego entity recorded as Santa Fe Depot LLC has acquired the landmark downtown train station for an undisclosed price, according to brokerage firm Voit Real Estate Services.

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Vista Industrial Building Sold for $3.92 Million

A Vista buyer recorded as VCIT LLC has acquired an industrial and office property in that city for approximately $3.92 million, according to brokerage firm Lee & Associates.

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Digital Marketing Agency BVAccel Agrees to Acquire Rocket Code

San Diego-based digital marketing agency BVAccel announced it had signed an agreement to acquire Rocket Code, a e-commerce software and website company headquartered in Ohio.

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Cruzan Obtains $41.2M in Refinancing for Carlsbad Office Campus

Solana Beach-based development and investment firm Cruzan has obtained $41.2 million in refinancing for its Make office campus in Carlsbad, according to CBRE Group Inc., which arranged the financing.

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Local CEO Is One of 10 Finalists in SBA's InnovateHER Business Challenge.

Jenna Ryan, CEO of San Diego-based Uqora LLC, is one of 10 finalists for the U.S. Small Business Administration’s InnovateHER Business Challenge.

Tuesday, October 10

NuVasive Sues Former Executive for Breach of Contract

Spinal surgery and medical device company NuVasive has filed a breach-of-contract lawsuit against former President, COO and Vice Chairman Patrick Miles, who resigned from the company and took a position as Alphatec Spine’s executive chairman.

Quidel Corp. Finally Closes Key Deal

Quidel Corp. has managed to close a previously precarious deal with East Coast diagnostic firm Alere Inc. that could potentially double Quidel’s annual revenue.

AnaptysBio's Stock Soars Following Good News on Eczema Drug

The stock price for San Diego drugmaker AnaptysBio has more than doubled in a matter of hours following news that the company’s experimental drug performed well in a recent study.

Qualcomm Inc. to Pay 57 Cents Per Share Cash Dividend

Qualcomm Inc. said Oct. 10 that it will pay a cash dividend of 57 cents per share.

Escondido Petco Store to Be One of First to Debut In-Store Veterinary Hospital

A Petco store in Escondido is one of a dozen stores in which the retailer is planning to debut a veterinary hospital by January, part of a move by the San Diego company to expand its pet services offerings.

Healthcare Firm Acquires Local Industrial Property for $14.63 Million

Healthcare firm Grifols Diagnostic Solutions Inc. of Los Angeles has acquired an industrial warehouse in San Diego’s 4S Ranch neighborhood for $14.63 million.

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Youth Foundation Buys Mixed-Use Property for $3.2 Million

San Diego Youth Foundation has acquired a mixed-use office and apartment building in the city’s College Area for $3.2 million.

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Monday, October 9

Students Schooled in Manufacturing at Northrop Grumman

Middle school students got a glimpse of life on the factory floor during Manufacturing Week in early October.

New S.D. Private Equity Firm Aims to Fund Startups Serving Cannabis Industry

A new private equity firm has set up shop in San Diego to fund startups that are serving the cannabis industry.

Qualcomm Announces New License Agreement with a Middle East Manufacturer

Qualcomm Inc. announced a new license agreement with a manufacturer in the Middle East.

Vista Apartment Property Sells for $35.4 Million

An affiliate of New York-based TIAA-CREF and Chicago-based Nuveen has acquired a 148-unit apartment property in Vista for approximately $35.4 million.

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AMN Healthcare High Up on Fortune’s 100 Fastest Growing List

San Diego’s AMN Healthcare ranked No. 11 on Fortune’s 100 Fastest Growing Companies list.

Sempra's IEnova Buys Pemex Stake in Mexico Gas Pipeline

Sempra Energy’s Mexican subsidiary IEnova bought a 25 percent indirect stake held by Mexico’s state oil company Pemex in the Ramones II Norte gas pipeline.

San Diego Apartment Property Sells for $2.31 Million

Elena Shekhter Trust of Rancho Santa Fe has purchased an eight-unit apartment property in San Diego’s Normal Heights neighborhood for $2.31 million.

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Sorrento Mesa Office Building Sold for $9.16 Million

Encinitas-based Plaza Del Norte Inc. has acquired a Sorrento Mesa office building for $9.16 million.

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Sunday, October 8

Report: County Agriculture Sees Gains

Agriculture values last year in San Diego County grew by 2.63 percent to about $1.75 billion, following a two-year decline.

SDBJ Recognizes Four Manufacturing Award Winners

The San Diego Business Journal recognized four local companies at its third annual Manufacturing Awards on Thursday at The Westin San Diego Gaslamp Quarter.

Ligand Pharmaceuticals Getting Crystal Bioscience in $35.5M Deal

San Diego drugmaker Ligand Pharmaceuticals is acquiring Emeryville-based Crystal Bioscience in a deal worth up to $35.5 million.

S.D. Startup Wins 1st Place, $30K in Contest

A local startup that makes stretchable batteries took home first place and a $30,000 check Thursday night at San Diego’s biggest competition for entrepreneurs.

Northrop Grumman To Build 3 High-Flying Surveillance Aircraft for Japan

Northrop Grumman Corp. will build three of its high-flying surveillance aircraft, Global Hawk, for Japan.

San Diegans Named to Governor’s Committee on Precision Medicine

Two San Diegans have been tapped for the newly established Governor's Advisory Committee on Precision Medicine.

The Business Calendar for the Week of October 9, 2017

Some of the business events planned in the county for the week of October 9, 3027, and beyond.

PriceSmart Inc. Opens 40th Discount Warehouse Store

San Diego-based PriceSmart Inc. announced it had opened its 40th discount warehouse club store.

Callaway Golf Signs Former World No. 1 Amateur

Callaway Golf Co. has signed a promising young golfer, Maverick McNealy, to its staff.

Friday, October 6

S.D. Startup Wins 1st Place, $30K in Competition

A local startup that makes stretchable batteries took home first place and a $30,000 check Thursday night at San Diego’s biggest competition for entrepreneurs.

PriceSmart Inc. Opens 40th Discount Warehouse Club Store

San Diego-based PriceSmart Inc. announced Oct. 6 it had opened its 40th discount warehouse club store.

Northrop Grumman To Build Three High-Flying Surveillance Aircraft for Japan

Northrop Grumman Corp. will build three of its high-flying surveillance aircraft for Japan.

San Diegans Named to Governor’s Advisory Committee on Precision Medicine

Two San Diegans have been tapped for the newly established Governor's Advisory Committee on Precision Medicine.

Report: County Agriculture Growing Again

Agriculture values last year in San Diego County grew by 2.63 percent to about $1.75 billion, after a two-year decline.

Business Calendar for Week of October 9, 2017

Some of the business events planned in the county for the week of October 9, 2017 and beyond.

Ligand Pharmaceuticals Acquiring Crystal Bioscience in $35.5M Deal

San Diego drugmaker Ligand Pharmaceuticals is acquiring Emeryville-based Crystal Bioscience in a deal worth up to $35.5 million.

SDBJ Recognizes Manufacturing Award Winners

The San Diego Business Journal recognized four local companies at its third annual Manufacturing Awards on Thursday at The Westin San Diego Gaslamp Quarter.

Callaway Signs Former World No. 1 Amateur Golfer

Callaway Golf Co. has signed a promising young golfer, Maverick McNealy, to its staff.

Thursday, October 5

Acadia Pharmaceuticals Working to Expand Use of its Lead Drug

Local drugmaker Acadia Pharmaceuticals is going back to the labs this month to expand the use of its lead product Nuplazid, which currently fights psychotic episodes.

San Diego Retail Center Sold for $10.4 Million

Santa Monica Property Investors LLC has acquired the Torrey Highlands Plaza retail center in San Diego for $10.4 million.

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U.S. Treasury Awards Microlender Accion a Grant of Nearly $1M

Locally based microlender Accion has been awarded a grant of nearly $1 million from the U.S. Treasury Department.

InfoSonics Corp. Announces Plans for Reverse Stock Split

Wireless phone maker InfoSonics Corp. announced plans on Oct. 5 to conduct a 1-for-5 reverse stock split so it can retain its listing on the Nasdaq.

Report: Expect Tight Supply, Rising Prices for San Diego Retail Space

Pockets of new development in the San Diego region, combined with tight vacancies, are expected to spur investor competition for a scarce supply of available retail properties for the rest of 2017, according to a new report.

Mission Valley Office Building Sells for $25.1 Million

Santa Monica-based Vista Investment Group LLC has acquired the Plaza 2020 office building in Mission Valley for approximately $25.1 million.

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Sempra Revises Financing Structure of Oncor Deal

Sempra Energy has revised the financing structure of its $9.45 billion deal to obtain ownership interest in Texas energy giant Oncor Electric.

GA-ASI Gets a $10.2 million Air Force Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $10.2 million contract to set up a way to repair and maintain fuel-system components used in Reaper unmanned aircraft.

Liberty Station: Civic Priority S.D. Got Right

For nearly 75 years, the historic Naval Training Center in Point Loma was the “Cradle of the Navy” in San Diego. Inside its storied gates, nearly 2 million Navy recruits matured and received the knowledge and skills required for the challenges of military duty. For many, it continues to hold the memories of generations of naval recruits whose lives were transformed at NTC.

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WILL Puts Spotlight on Deserving East County Leaders

The San Diego East County Chamber of Commerce honored eight women during the 2017 Women in Leadership Luncheon, or WILL, awards at the Town and Country San Diego in Mission Valley recently. The keynote speaker was Jenny Amaraneni, co-founder and CEO of SOLO Eyewear. The event emcee was Lee Ann Kim, founder of the Pacific Arts Movement.

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S.D. Maps Out Sites That Might Suit Amazon’s HQ2 Needs

PROPERTY: No Clear Winner as Locations Have Variety of Pluses, Minuses

Local real estate experts generally agree that San Diego County has plenty to offer Amazon Inc., based on the multiple places where the e-commerce giant already does business throughout the region. Less clear is whether San Diego can deliver potential sites — at the right size in the right locations — that can accommodate Amazon’s mega-sized ambitions for its HQ2.

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History Abounds in Mansion Atop Mount Kelly in Carlsbad

Many homes in San Diego County have an intriguing and important place in the history of the area. Few, however, have the lineage of 3664 Maria Lane in Carlsbad.

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Urban Winery Finds Sustainable Way to Serve Its Wines

WINERY: Using New Device, Reusable Growlers Are Filled From Barrels

One urban winery in San Diego has found success taking a page out of the craft beer industry’s playbook.

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S.D. Wine Sector Is Its Own Blend of Businesses

From Vineyards to Urban Wineries, Local Producers Cultivate Good Reputation

Bring up California wine, and few think first of San Diego. Well, some Southern Californians may. But the association is likely attributable to geographic confusion: Temecula, the wine region in southwestern Riverside County, is often mistakenly believed to be in San Diego County.

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Cos. Keep the Innovations Rolling

Three unrelated tech companies announced new products and initiatives recently.

Proficio Executes Expansion Plans

Proficio, the growing cybersecurity business, has a couple of new addresses.

Before You Go, Software Has Something to Say

Meet me at the exit. That’s what Spoutable aims to do.

Irvine Co. Finds Foothold in Del Mar Heights Market

PROPERTY: Submarket Is Second Most Expensive, Drawing Diverse Tenants

Over the past three decades, the Irvine Co. has grown its local presence — in places like downtown San Diego and University Towne Center — to the point where it is now the region’s largest office landlord, with properties spanning about 8 million square feet.

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New Apartments Open in Mid-City, Kearny Mesa

San Diego-headquartered Wakeland Housing and Development Corp. recently completed Talmadge Gateway, a $20.7 million, 60-unit supportive housing community geared to homeless seniors at 4422 Euclid Ave., in the Mid-City area of southeastern San Diego.

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Next Chapter for Two Vintage Buildings

The Bankers Hill building that served as home to the San Diego Woman’s Club for more than 70 years is now an event space called Parq West, following a three-month, $500,000 renovation by new owner Behind The Scenes Inc., among the region’s largest catering companies.

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More Apartments for East Village, Including Affordable Units

The wave of big apartment and mixed-use projects that have transformed downtown San Diego during the past four years — especially in East Village — is not over yet.

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Qualcomm Designs Inexpensive Biometric Patch for Health Care

BIOTECH: Arizona Co. Gets License; Aim Is for Cost to Be Less Than Dollar

Qualcomm Life Inc. plans to take a disposable biometric patch that monitors vital signs to market with the help of a corporate partner by 2018.

Weight-Loss Wellness Device Raises Funds, Skepticism

BIOTECH: Co. Gets $1.4M in Seed Funding, $1.53M in Crowdfunding

A company that recently released a headset that claims to facilitate weight loss through brain stimulation has brought in $1.53 million via a crowdfunding campaign. It’s also raised skepticism, and highlighted the difference between medical products and wellness devices.

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DexCom Looks Long Term After Stock Drop

BIOTECH: Co Has Solid Product, Medicare Reimbursement OK

DexCom doesn’t appear to be panicking despite the San Diego company’s shares tanking after the Food and Drug Administration’s approval of a rival glucose monitoring product.

City Picks Connect for Accelerator Program

ECONOMY: S.D. Uses $2.5M Grant; Space Provided By Center

Local nonprofit Connect, San Diego’s oldest startup accelerator, has won a contract to partner with the city on a new publicly-funded accelerator program for startups.

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Renovate Reorganizes, Reviews Its Practices

FINANCE: New CEO Among Changes at Lending Company

A major leadership reorganization is underway at Renovate America as well as an independent review of its business practices following a news account alleging a federal investigation into the company.

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Is S.D. a Contender For HQ2?

ECONOMY: Uphill Climb To Get Amazon’s Attention

Unable to find consensus over a convention center annex, or the next step for the big gray stadium in Mission Valley, San Diego leaders are faced with one more project of magnitude.

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Labs Prepare for the Pot Pipeline Opening

LAW: Legalization Brings Testing Requirements

In a sprawling industrial park just outside of Vista, inconspicuously tucked in a tan, nondescript building is Coastal Analytical, one of San Diego County’s few marijuana testing facilities.

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Wednesday, October 4

Vancouver Firm Buys S.D. Office Portfolio for $174.5M

Vancouver, B.C.-based City Office REIT Inc. has purchased a 10-building portfolio of San Diego office buildings for approximately $174.5 million.

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WeWork Ratchets up Coworking Spaces Race in S.D.

The competition among local coworking spaces just kicked up a notch.

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UnitedHealthcare Announces Medi-Cal Health Plan for San Diego

UnitedHealthcare is now offering a health benefit plan to Medi-Cal beneficiaries in San Diego County.

Redevelopment Planned after $9.5M Downtown Hotel Purchase

An affiliate of San Diego-based Hotel Investment Group has acquired the 157-room Marina Inn hotel in downtown San Diego for $9.5 million.

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Salk Institute for Biological Studies' Revenues Reach $134 million

Revenues at the Salk Institute for Biological Studies in La Jolla totaled $134 million in the fiscal year that ended June 30, up 13.5 percent from the previous fiscal year.

GA-ASI Awarded $10.2M Air Force Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $10.2 million contract to set up a way to repair and maintain fuel-system components used in Reaper unmanned aircraft. GA-ASI will perform the work at the Oklahoma City Air Logistics Complex.

Reliant Funding Hires New CFO

Reliant Funding, a rapidly growing alternative lending company based in San Diego, has hired Paul Norman as chief financial officer.

Ad-Juster Names New CEO

San Diego-based Ad-Juster has named Dennis Clerke as its CEO.

Michell Leaving Downtown Partnership for City’s Deputy COO Post

Kris Michell is leaving her post as president and CEO of the Downtown San Diego Partnership to become deputy chief operating officer of special projects for the city of San Diego.

Tuesday, October 3

Connect Partners with S.D. in $2.5M Public Accelerator Program for Startups

Local nonprofit Connect, San Diego’s oldest startup accelerator, has won a contract to partner with the city on a new publicly-funded accelerator program for startups.

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PICO Holdings to Explore 'Strategic Alternatives'

La Jolla-based PICO Holdings Inc. has hired a financial advisor and legal counsel to explore “strategic alternatives to further enhance shareholder value,” an announcement which typically signifies interest in a merger, sale or other significant transaction.

Possible New EU Licensing Guidelines Could Eventually Change Qualcomm's Billing Model

The European Union is considering new patent licensing guidelines in a move that may eventually change the way Qualcomm Inc. does business in Europe, according to a published report.

Zogenix's Success No Longer Shared With San Diego

Drugmaker Zogenix Inc. saw its value more than double over the weekend, so those following San Diego biotech might think the local company is making a comeback.

Medical Center for Clinical Research Acquired

Raleigh-based Wake Research Associates, a network of clinical research sites, has acquired Medical Center for Clinical Research in San Diego.

ServiceNow Acquires S.D. Company Telepathy

ServiceNow Inc., the enterprise cloud computing software company that was born in San Diego and then moved to Silicon Valley, has acquired another San Diego business, Telepathy. Terms of the deal were not disclosed.

El Cajon Company Gets Navy Contract Potentially Worth $13M

El Cajon-based GET Engineering Corp. received a U.S. Navy contract for specialized equipment, specifically combat systems interface and steering control systems data conversion devices.

Monday, October 2

Carlsbad Tech Startup among 6 from 5 Nations in Accelerator’s Cohort for Logistics Companies

Airspace Technologies, a tech startup in Carlsbad, has been accepted into the third cohort of a specialized business accelerator for logistics companies.

Port Plan with SDG&E Aims to Cut Cruise Ship Power Costs

The Port of San Diego and SDG&E have partnered on an energy management plan that officials said will help significantly reduce operating costs for the region’s cruise ship industry.

General Atomics Acquires Virginia-based Syntronics LLC

General Atomics has acquired Virginia-based Syntronics LLC, which develops custom electro-mechanical technologies including projectile and missile guidance systems.

La Mesa Apartment Property Sells for $33.95 Million

Institutional fund manager Interstate Equities Corp. (IEC) of Los Altos announced it has acquired a 133-unit La Mesa apartment community for $33.95 million.

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Seacoast Commerce Acquires New Bank, Increases Assets to $895M

Seacoast Commerce Bank has acquired San Juan Capistrano-based Capital Bank.

Former Cox Communications Exec Named Voices for Children Interim CEO

David Bialis, the recently retired general manager for Cox Communications California, has been named interim CEO of Voices for Children.

Behavioral Health Services Provider Buys Former Fallbrook Hospital for $4.5M

Sacramento-based Crestwood Behavioral Health Inc. has acquired the property that formerly housed Fallbrook Hospital for $4.5 million.

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U.S. Navy Taps Carlsbad Co. for Cuba Project Worth as Much as $45M

The U.S. Navy has chosen a Carlsbad company to take care of paving projects several time zones away at Naval Station Guantanamo Bay, Cuba.

Sunday, October 1

Group Is Launching SDSU-Focused Drive to Redevelop Stadium Site

A group called Friends of SDSU, which includes prominent community leaders, has announced plans for a ballot initiative aimed at redeveloping the current Mission Valley stadium site into a western campus of San Diego State University.

UCSD Joining IBM-Led Initiative Working to Use AI for Healthier Living

UC San Diego is teaming up with IBM (NYSE: IBM) on the tech giant's Cognitive Horizons Network, a consortium of universities working to use artificial intelligence to enable healthier living.

Viking Therapeutics Inks Deals Giving it Access to $16.25 Million

Local drugmaker Viking Therapeutics has inked two agreements with a Chicago-based investor that will give the La Jolla company access to $16.25 million in funds.

Ron’s Pharmacy, Guardian Pharmacy Acquire Anaheim Plaza Pharmacy

San Diego-based Ron’s Pharmacy and Guardian Pharmacy have acquired Anaheim Plaza Pharmacy.

GroGuru Wins 1st Place, $25K in Pitch Competition

GroGuru, a startup in the EvoNexus technology incubator, took home first place and $25,000 in cash Sept. 28 at the Get Started San Diego pitch competition

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The Business Calendar for the Week of October 2, 2017

Some of the business events planned for the county for the week of Oct. 2, 2017, and beyond

GA-ASI Lands $163.2 Million U.S. Army Deal for Drone Hardware

The U.S. Army awarded General Atomics Aeronautical Systems Inc. a $163.2 million deal to provide extended-range supplemental production hardware for the Gray Eagle unmanned aircraft.

County Economic Index Ticks Up in August

An index of leading economic indicators in San Diego County rose 0.1 percent in August, compared to the previous month, led by a 0.51 increase in residential building permits and a 0.78 percent gain in confidence in the national economy.

Two New Members Are Joining the North San Diego Business Chamber Board

The North San Diego Business Chamber recently added two new members to its board of directors, which oversees advocacy activities on behalf of the North County business community