Stories for September 2017

Friday, September 29

Two New Members Join the North San Diego Business Chamber Board

The North San Diego Business Chamber has added two new members to its board of directors.

GA-ASI Lands $163.2M 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.

GroGuru, an EvoNexus Technology Incubator Startup, Wins 1st Place, $25K in Pitch Competition

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

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Viking Therapeutics Inks Deals Giving it Access to $16.25M

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.

Group Launching SDSU-Focused Drive to Redevelop Stadium Site

A group has announced plans for a ballot initiative aimed at redeveloping the current Mission Valley stadium site into a western campus of SDSU.

Ron’s Pharmacy and Guardian Pharmacy Acquire Anaheim Plaza Pharmacy

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

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

UCSD is joining IBM-led consortium of universities working to use AI to enable healthier living.

Local 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.

Business Calendar for October 2, 2017

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

Thursday, September 28

S.D. County’s Construction Starts Dropped 14% in First 8 Months of 2017

San Diego County’s construction starts declined 14 percent from a year ago in the first eight months of 2017, with new projects valued at approximately $2.83 billion, according to latest figures.

SeaWorld San Diego Announces New Attractions, Ticket Offerings

SeaWorld San Diego has announced several new pricing packages and on-site attractions, as its Florida-based parent company continues to struggle with revenue and attendance declines.

Driverless Cars Put Big Change in the Fast Lane

I will never forget the first time I saw a self-driving car: I was on my way to O’Hare International Airport in Chicago and glanced at the car next to me. It was moving along with the flow of traffic, but the man in the driver’s seat had his eyes closed and head tilted back. He appeared to be sleeping.

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Mama’s Kitchen Honored at Capitol for Serving Community

Mama’s Kitchen announced that it was selected as a “Nonprofit of the Year” at a celebration for California Nonprofits Day at the state Capitol in Sacramento. The San Diego-based nonprofit was honored alongside the other award recipients for its commitment to preparing and delivering three nutrition-specific meals a day, every day of the year, free of charge, to men, women and children affected by AIDS, cancer or other illnesses throughout San Diego County.

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Setting A New Course

The Crosby, a gated golf community in Rancho Santa Fe, has a new lease on life. It was purchased out of bankruptcy in January 2017 by the South Korean golf and construction firm Bando Development Co. Ltd. The firm immediately invested millions in improvements with a commitment for future value-enhancing upgrades. On one of the largest lots on the far edge of the development is a custom, private cul-de-sac estate overlooking the ninth hole. The serene view over the infinity-edged pool reveals a breathtaking natural amphitheater of dramatic red rocks, native chaparral and the mountains beyond.

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MiraCosta to Meet Cos.’ Demand With Biomanufacturing Degree

EDUCATION: Pioneering Community College Offering Is Employment Centered

A first-of-its-kind bachelor’s degree at MiraCosta College is preparing students for the manufacturing side of biotech with the goal of bolstering the region’s homegrown workforce.

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Tech Tackles Growing Problems for Farmers

Farmer’s High-Tech Irrigation System Shows Necessity of Innovation to Compete

When Kurt Bantle bought a 12.5-acre avocado grove in 2011, he envisioned farming as a nice contrast to his day job as a wireless testing expert. He also saw business potential.

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Discrimination Charges At Synthetic Genomics

Synthetic Genomics, a titan in the local biotech scene, is being sued by a former executive who says the company’s “boy’s club” leadership team routinely discriminated against women.

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The U.S. Navy Taps Bilbro Construction Co. For $7.2M Project

The U.S. Navy awarded Escondido-based Bilbro Construction Co. a $7.2 million task order to perform interior renovations to Building 457 at March Air Reserve Base at Moreno Valley.

Aquam Wins $5K and Valuable Mentoring at Hera Venture Summit

Cleantech startup Aquam LLC took home first place — and $5,000 in prize money — at this year’s Hera Venture Summit.

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Baby ‘Book’ Co. Qeepsake Takes Big Step With Help of Accelerator Techstars Anywhere

In a city sometimes criticized for its lack of startup resources, tech company Qeepsake is leveraging virtual programs to help it grow.

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Fleet Week Gives Contractors Rare Public Exhibit

U.S. military technology will be on display at Broadway Pier in downtown San Diego Oct. 13, 14 and 15 during Fleet Week San Diego. The event promises a rare public glimpse of the products and services defense contractors provide.

Cubic Provides Satellite Connections In Areas Hit By Recent Hurricanes

Cubic Corp. said its GATR unit provided its unique and highly portable satellite dishes — as well as people to operate them — to several islands in the Caribbean in August and September following Hurricanes Harvey, Irma and Maria.

Cooley Puts Serving Both Clients and Staff as Top Priorities

Cooley opened its San Diego doors 25 years ago, becoming the first Silicon Valley law firm to operate here. What started with seven founding lawyers in 1992 — four of whom are still with Cooley today — has evolved into an office with more than 200 lawyers and staff. Home to firm leaders for business litigation, capital markets, compensation & benefits, M&A, real estate finance and securities litigation, the office has become one of the most respected players in the San Diego market and a key driver of Cooley’s national and global growth.

Cubic Global Defense Gets U.S. Air Force Contract Worth up to $61M

The U.S. Air Force awarded Cubic Global Defense a contract that could be worth as much as $61 million over five years.

Brown Field Lands Grant for Runway Improvement

The city of San Diego recently announced that it has received $5.68 million to rehabilitate the main runway at Brown Field Airport in Otay Mesa. Officials said the grant from the Federal Aviation Administration will also be used to change signage for the airport’s taxiways, with full completion of the work expected in spring 2018.

Bike Store – of Course – Sets Up Shop at Bikeway Village

Another retail piece is in place at Bikeway Village, a mixed-use project in Imperial Beach that aims to capitalize on proximity to South County’s popular Bayshore Bikeway. Fittingly, local retailer 2 Wheels Cycling Boutique recently opened a full-service shop there at 536 13th St.

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Wave of Spec Development To Hit North County

Several optimistic North County developers have speculative industrial and office construction projects underway, though in most cases nobody yet knows who the upcoming tenants might be.

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Cubic Reads Your Palm as Part of Future of Mass Transportation

TRANSPORT: Using Biometrics for Ticketing May Increase Speed, Data

San Diego-based Cubic Corp. is investigating whether a biometric scan might serve as a good train ticket.

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Pirch Retreats From Its Rapid Expansion

RETAIL: Store Closes Out-of-State Sites in a Strong Furniture Market

San Diego’s formerly fast-growing retailer Pirch recently announced that it was closing six of its 10 stores — all of them outside of California. But the abrupt downsizing came as the overall economy continues to be quite friendly to sellers of furniture and related home furnishings including several national chains now in the midst of local expansions.

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EvoNexus Gets Six New Board Members

Six tech executives have joined the board of San Diego’s technology incubator EvoNexus.

Regulations Proposed For Short-Term Rentals

PROPERTY: Council Measure Includes Fees, Fines and Permits

Faced with continuing complaints from local residents about noise and other nuisances created by vacationers using home-sharing sites such as Airbnb, the San Diego City Council later this month will tackle a proposed multipronged approach, including new registration fees and steep penalties for noncompliance by property owners.

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With Key Intellectual Property, Qualcomm Positions Itself To Lead on 5G

TECH: Other Cos. Focus on Deployment of Small Cells

Engineers at Qualcomm Inc. are shaping a new, faster form of wireless communications.

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Chick-fil-A Opens in Sorrento Valley

Atlanta-based restaurant chain Chick-fil-A has opened its 12th restaurant in San Diego County.

Tyson & Mendes Expands to the East Coast

San Diego-based law firm Tyson & Mendes has expanded to the East Coast with a new office in Fort Lauderdale, Florida.

Taking a Shot at Vaccine Storage Innovation

BIOTECH: TruMed’s System Preserves, Protects And Processes Medicine

Big issues occasionally strike fridges full of vaccines. The power goes out. Inventory is incorrectly logged. Vaccines hidden in the back expire.

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GE Employees File Class-Action Lawsuit in San Diego

Three General Electric employees have filed a lawsuit in federal court in San Diego, alleging the company’s retirement fund investments breached its fiduciary duties, leading its employees to suffer hundreds of millions of dollars in losses in retirement savings.

Wednesday, September 27

BAE Systems Gets $64.5 Million U.S. Air Force contract

The U.S. Air Force awarded a $64.5 million deal to BAE Systems’ San Diego electronics office.

Arcturus Therapeutics Merging with Israeli Pharmaceutical Company

Arcturus Therapeutics, a small San Diego biotech company, has maneuvered onto the public markets by merging with a public (and near-defunct) pharmaceutical company in Israel.

Kyriba Corp. Receives $45 Million Investment

Kyriba Corp. said on Sept. 27 that it received a $45 million strategic investment led by Sumeru Equity Partners.

Carlsbad Industrial Building Sold for $5.1 Million

Rancho Santa Fe-based Cardiff Investments LLC has acquired a Carlsbad industrial building for approximately $5.1 million.

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S.D. Construction Jobs rise 4% in August Year-Over-Year to More Than 80K

Construction employment in San Diego rose to 80,900 jobs in August.

San Diego Apartment Property Sells for $8.15 Million

Investor Ronnie T. Neri of Chula Vista has acquired a 47-unit apartment property in San Diego’s Valencia Park submarket for $8.15 million, according to CoStar Group and public data.

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Dickey's Barbecue Pit To Open At SDSU

Dallas-based restaurant chain Dickey's Barbecue Pit plans to open a location Sept. 28 at San Diego State University.

VC's advice for Startup Pitch Events: Distill Your Story, Attend Sparingly

Pitch competitions are common in startup land, and San Diego has two such events on the books for this week and next.

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Tuesday, September 26

Phil Mickelson Onboard With Callaway Golf for Rest of Competitive Career

Carlsbad-based Callaway Golf Co. said Sept. 26 that it has extended its relationship with golfer Phil Mickelson.

ViaSat, Boeing Begin Construction of 2 New Satellites

Carlsbad-based ViaSat Inc. said early this week that it and partner Boeing Co. have begun construction of two of the ViaSat-3 class satellites.

Scientist Given $10.8M Grant to Study Treatment for Addiction to Cocaine, Nicotine

A local scientist has received a $10.8 million grant to pursue research that may result in a new class of medicine to treat cocaine and nicotine addiction.

Sanford Burnham Prebys Appoints Chief of Staff

One of San Diego’s largest medical research institutes has hired a new vice president and chief of staff out of Texas.

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Logistics Cos. on the Move in Otay Mesa Submarket

When it comes to rising industrial space demand in San Diego’s Otay Mesa region, some of the biggest movers are logistics companies focused on moving things around for their corporate customers

Imperial Beach Apartments Sold for $10.2 Million

San Diego-based Truman Johnson Inc. has acquired three Imperial Beach apartment buildings totaling 56 units for $10.2 million, according to brokerage firm CBRE Group Inc.

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Monday, September 25

C-Suite Shuffle Underway At AristaMD

Local medtech startup AristaMD is undergoing an executive shuffle this summer after the loss of its founder and chief executive Rebecca Cofinas in June.

San Diegan Hopes to Collar a Piece of the Apparel Market

A San Diego resident is helping a Texas business take a unique piece of apparel to market.

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Aerotek Helped U.S. Navy Repair Jet Before It Became Part of Miramar Air Show

Blue Angels jet No. 7 soared over San Diego during the recent Miramar Air Show, but it made a more low-key visit over the spring and summer.

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San Diego International Airport Passenger Traffic Up 6 Percent for 2017

Total passenger traffic at San Diego International Airport rose six percent from a year ago in the first eight months of 2017, topping 14.6 million.

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Sunday, September 24

Los Angeles Tech Firm Signs as First Tenant at Torrey Point Office Campus

Tsunami ARVR Inc., a Los Angeles-based maker of enterprise software and other technology geared to virtual and augmented reality, has signed as the first tenant at the newly developed Torrey Point office campus in San Diego’s Carmel Valley area.

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Hope-Amundson, Coffman Engineers Agree to Merge

San Diego-based structural engineering company Hope-Amundson and Coffman Engineers have agreed to merge, it was announced Sept. 21.

Del Rey Systems Training Deal with Navy Worth Potential $25.9 Million

Del Rey Systems & Technology Inc. of Kearny Mesa is among four businesses chosen by the U.S. Navy to offer training services related to Navy electronics in locations around the world.

East County Retail Building Sold for $4.82 Million

Alpha Brothers LLC of Capitola has acquired a retail building in Rancho San Diego, recently leased to beverage retailer BevMo on a 10-year term, for approximately $4.82 million, according to brokerage firm Retail Insite.

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The Business Calendar for September 25, 2017

Some of the business events planned in the county for the week of September 25, 2017, and beyond.

Navy Maintenance Support Services $18.8M Contract Work to Be Mostly Done in S.D.

The U.S. Navy awarded the Aircraft Readiness Alliance LLC of Anchorage, Alaska an $18.8 million contract for depot level maintenance support services. Most of the work will be in San Diego.

Friday, September 22

S.D. will get most work done as part of $18.8M U.S. Navy contract

The U.S. Navy awarded the Aircraft Readiness Alliance LLC of Anchorage, Alaska, an $18.8 million contract for depot level maintenance support services. Most work will be in San Diego.

East County Retail Building Sold for $4.82 Million

Alpha Brothers LLC of Capitola has acquired a retail building in Rancho San Diego, recently leased to beverage retailer BevMo on a 10-year term, for approximately $4.82 million.

Hope-Amundson to Merge with Coffman Engineers

San Diego-based structural engineering company Hope-Amundson and Coffman Engineers have agreed to merge.

Business Calendar for September 25, 2017

Some of the business events planned in the county for the week of Sept. 25, 2017, and beyond.

Thursday, September 21

Strong Summer Boosts San Diego Hotel Metrics For 2017

The San Diego region’s hotels continued to demonstrate post-recession resilience in the first eight months of 2017.

Kratos Supported Test of a U.S. Navy Anti-Missile System

Kratos Defense and Security Solutions Inc. said it supported a Sept. 7 test of a U.S. Navy anti-missile system by helping supply the stand-in for the enemy missile.

Trovagene Appoints New Board Member

San Diego biotech Trovagene Inc. has a new board member known for her expertise in the clinical development of oncology therapeutics.

X-Ray Machine Maker Buys San Marcos Industrial Property for $3.2M

San Marcos-based Creative Electron Inc., which makes X-ray machines, plans to occupy an industrial property there that it recently acquired for $3.2 million.

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S.D. and Baja Delegation to Promote Business Priorities in D.C.

A binational delegation of 160 San Diego and Baja California business leaders, community partners and elected officials, including six mayors, will travel to the nation’s capital to advocate for cross-border priorities such as trade and immigration.

LRAD Makes Interim CFO Permanent

LRAD Corp. named its interim CFO, Dennis Klahn, to the post permanently.

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Mentoring Will Build Loyalty Among Millennials

Millennials now comprise the lion’s share of the workforce. That means that it’s a more youthful workplace — and one that’s less loyal. A global survey of 7,700 millennials employed full-time at companies with 100 employees or more was conducted by Deloitte last year and found that one in four would leave their current employer now, if given the opportunity, and two in three millennials plan to be working elsewhere by 2020.

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Dispensaries Out to Quash Cannabis Competition

Marijuana will soon be legal across California. However, here in San Diego, there’s still one big cartel left vying for control over the local industry: the United Medical Marijuana Coalition.

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Co., Foundation Get Others Onboard for Border Area Cleanup

The San Diego County chapter of the Surfrider Foundation, one of the largest and most active U.S. chapters, announced that Costa Rican-based beer manufacturer Cerveza Imperial raised more than $10,000 for the foundation and the California Surf Museum. The $8,500 raised from the auction of four Aaron Chang surfboards is being added to the contribution Cerveza Imperial made earlier this summer to Surfrider Foundation’s project to rid the Tijuana River Valley and ocean at the border of pollutants. The additional $2,010 raised from donations at the event is going to the California Surf Museum.

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Upgrades Were Fine Finishing Touches on Descanso Treasure

The scale of development that is happening just a few miles west of Interstate 15 out Rancho Bernardo Road is stunning. Once past the fully developed 4S Ranch community, there is a proliferation of new housing development — some sold out, some in process. In addition, there’s new shopping centers, schools and community centers nearly all the way to the borders of Rancho Santa Fe and Fairbanks Ranch.

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GA-ASI Successfully Tests Drone in Civilian Airspace

Speaking of military technology that may one day go commercial …

Kratos’ Follow-the-Leader Hardware Hits the Highway

The internet, certain wireless phones and silicon-on-sapphire microchips are three examples of military technologies that made the jump to the commercial world.

Sewer Sensors Know When Something’s Wrong With the Flow

TECH: Co.’s System Used By Utilities to Avoid Sewage Spills

Long before consumers started using the term “Internet of Things” to describe connected thermostats and washing machines, SmartCover Systems was part of the internet of things.

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Turner Finds Time Is Right to Turn Over Leadership at Procopio

LEGAL: Alessio Takes Reins; Firm Intends to Maintain Its Independence

Tom Turner enjoys donning the odd Hawaiian shirt, especially on the handful of days each summer when employees at Procopio, Cory, Hargreaves & Savitch LLP are encouraged to wear island attire.

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Logistics Companies on the Move in Otay Mesa Submarket

PROPERTY: Trends in E-Commerce, Manufacutring Drive Down Vacancy Rate

When it comes to rising industrial space demand in San Diego’s Otay Mesa region, some of the biggest movers are logistics companies focused on moving things around for their corporate customers.

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Make Room for More Furniture

Bassett Home Furnishings is the latest furniture seller to spread its footprint in the San Diego market. According to broker Shirley Kanamu of Pacific Coast Commercial, who represented local licensee Furniture & Accessory Retail Group Inc., a 12,440-square-foot Bassett retail store is planned at La Jolla Village Square, 8657 Villa La Jolla Drive. CBRE Group Inc.’s Reg Kobzi represented the center landlord in the $3.9 million lease deal.

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North County Roundup: Hotel Revamp, Retail Property Deals

San Diego’s RAR Hospitality, led by Robert Rauch, in coming months will be overseeing a $1 million “refresh” of Carlsbad by the Sea Resort, after recently obtaining the management contract for the 150-room independent, boutique-style hotel at 850 Palomar Airport Road. Rauch’s company owns or manages several hotels in Southern California, Arizona and Colorado.

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Kearny Mesa Redevelopment Could Open Door for More

San Diego has seen older office and industrial buildings “going under the knife” for cosmetic and competitive reasons for the past several years, especially in places like Sorrento Mesa, Sorrento Valley and University Towne Center.

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Proton Therapy Center to Get New Owner, Management

MEDICINE: Court Must OK Change; Center Failed To Attract Needed Patients

An agreement calls for a new owner and new clinical provider for San Diego County’s only proton therapy center amid patient volumes not meeting projections.

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Empyr Launches Major Expansion

San Diego tech startup Empyr has launched a major expansion that includes doubling the company’s office space and its staff.

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Former Annie’s Exec Takes Reins at S.D. Startup

A company making baby food and applesauce doesn’t really fit the startup stereotype, but if fast growth is an indicator of startup status then Once Upon a Farm certainly fits the bill.

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Exagen Secures $48 Million for Push on Lupus Diagnostic

BIOTECH: Capital Will Fund Studies; Co. To Expand Sales Team

Exagen Diagnostics Inc., a Vista-based company that makes tests to diagnose lupus, has received $48 million from investors and lenders to boost commercialization. The dollars come on the promise of a new product, despite the company’s rocky track record for product development.

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Chip to Provide Digital Diary Of an Addict’s Use or Abuse

BIOTECH: Co. to Rely On Federal Funding; Insurance Coverage Will Be Acid Test

Patrik Schmidle holds up a clear plastic box with a tiny microchip, hardly visible, at its center.

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Co. Aims to Put Spaces, Products in Best Light

DESIGN: Customization Skills Set It Apart; B2B Market Potential Big

Lighting typically represents less than 1 percent of a building’s cost, while it casts a much bigger impact on ambience.

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Compounding Practice At Center of Lawsuit

PHARMA: Allergan, Imprimis Trade Accusations in Dispute

A Goliath in the biotech industry is suing San Diego drugmaker Imprimis Pharmaceuticals, alleging the company is selling new drugs without regulatory approval. Imprimis said the claims are bogus and a move by the biotech giant to quash competition.

Ex-Offender Program Values Work Ethic, Second Chances

NONPROFIT: Cos. Find Good Workers, Tax Breaks

At Sheffield Platers’ 21,000-square-foot manufacturing center in Sorrento Mesa, employees haul, cut and inspect metal parts.

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Hard Times Brought Out DavisREED’s Best

BUILDING: Co.’s Revenue Grew 500% to more than $284M in two years

Seven years ago, Derek Davis was watching the world’s best golfers play on perhaps the world’s most beautiful golf course on a quintessentially California summer day in Pebble Beach.

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Wednesday, September 20

TruMed Releases Automated Vaccine Management System

San Diego-based TruMed Systems has released its AccuVax vaccine system that the company says streamlines vaccine workflow, saves nurses time and protects against medical errors.

General Atomics Gets Military Contracts Worth Nearly $40M

The Pentagon announced two contract awards for General Atomics Aeronautical Systems Inc. on Sept. 20.

Mixed-Use Carlsbad Property Sells for $2.7 Million

An Encinitas buyer listed as 2659 State Partners LLC has acquired a multi-tenant office and retail property in the Carlsbad Village area for $2.7 million.

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Cox Construction Gets $17.8M U.S. Army contract

The U.S. Army awarded a $17.8 million contract to Cox Construction Co. Under the deal, the Vista-based small business will build transient training barracks at Camp Parks in Dublin, in the San Francisco Bay Area.

San Diego Apartments Sold for $2.91 Million

San Diego buyers Nick Totah and Ronnie Insalaco have acquired a 17-unit apartment property in the City Heights submarket for $2.91 million.

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Imperial Beach Apartment Complex Sells for $6.72 Million

NEJ Properties LLC of La Jolla has purchased a 38-unit apartment complex in Imperial Beach for $6.72 million.

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Tuesday, September 19

Orbital Acquisition Would Be a Big Addition to Northrop's S.D. Assets

Northrop Grumman Corp. stands to gain an even higher profile in San Diego if the Virginia-based company completes its $9.2 billion acquisition of Orbital ATK.

Council Vote on Permits Delays Approval of Cerullo’s Legacy Center Project

San Diego City Council has voted down zoning and related permit approvals that would have cleared the way for development of the proposed $160 million Legacy International Center in Mission Valley.

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Luna Grill Feeds Hunger for Growth with New Equity Investment

Luna Grill Restaurants LLC, the San Diego-based company that operates 38 fast-casual Mediterranean restaurants in two U.S. states, announced Sept. 18 that New York-based private equity fund PWP Growth Equity had purchased a minority stake in the company.

Reliant Funding Brand Survives After Merger

San Diego-based alternative lender Reliant Funding is the surviving brand following its merger two years ago with Long Island-based Merchants Capital Access.

Technology Drives Change Even in Parking Management

No, you can’t pay for parking with Bitcoin, at least not yet, but other things are changing in the world of parking management.

Chula Vista Apartments Sold for $6.15 Million

San Diego-based Mar Village II LLC has acquired a 35-unit apartment property in Chula Vista for $6.15 million.

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La Mesa Apartment Property Sells for $5.92 Million

Noel Family Trust of San Diego has purchased a 13-unit apartment property in La Mesa for approximately $5.92 million.

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Monday, September 18

MemComputing's Computation Engine Said to Bring Speed That's Hard to Believe

The engineer behind ecoATM, one of San Diego’s most successful startups, has launched a new venture that he says will disrupt the artificial intelligence and machine learning industries.

Tourmaline Labs Gets $1M in Follow-On Round and a New CEO to Push Commercialization

Tech startup Tourmaline Labs has brought in $1 million in seed money — and a new chief executive — to help the company scale.

What's Behind Recent Leadership Changes at Law Firms

This year has brought a sea change in leadership at some of the most active law firms in San Diego.

Chula Vista and Santee Locations Will Be Part of Kaiser, Target Major In-Store Clinic Expansion

Kaiser Permanente in November will launch two additional Kaiser-staffed retail clinics in regional Target stores.

LiveXLive Media Is Acquiring Slacker Radio in $50M Cash and Stock Deal

Beverly Hills-based LiveXLive Media Inc. has entered a deal to acquire Rancho Bernardo-based Slacker Radio for $50 million in cash and stock.

San Diego Ranks Fourth for Summer Airbnb Stays

San Diego was the nation’s fourth-busiest city for short-term stays booked through Airbnb during the summer of 2017, the San Francisco-based company reported.

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Hard Rock Cafe Closing Downtown San Diego Location

Downtown’s Hard Rock Cafe San Diego will close at the end of 2017, though operators did not specify reasons for the shuttering of the Gaslamp Quarter restaurant.

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Abide Therapeutics Appoints Chief Financial and Strategy Officer

San Diego-based drug developer Abide Therapeutics has hired Sapna Srivastava as its chief financial and strategy officer.

Irvine Co. Enters Del Mar Heights Office Market with Two-Building Purchase

Irvine Co. of Newport Beach has acquired the two-building Township 14 office property in Del Mar Heights, marking its first acquisition in that submarket of San Diego’s Carmel Valley.

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Region’s Clean Energy Plan is A Model for State

Having proven that clean energy can be a strong economic driver, San Diego has committed to achieving 100 percent renewable energy from sources like solar, wind, and geothermal energy by 2035. We believe the rest of the state can and should follow San Diego’s lead.

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Feeding S.D.’s Campaign Gets Big Win in Fight Against Hunger

Feeding San Diego announced that through the Fuel for Summer campaign it raised $251,638, or the equivalent of more than one million meals, to provide critical support throughout the summer to ensure that kids and families received the nutrition they need to live healthy and productive lives.

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Firm Hits the Beach for Some Pro Bono Work for Environment

Kilpatrick Townsend’s San Diego office volunteered to help clean Moonlight Beach with the Surfrider Foundation, an organization dedicated to the protection and enjoyment of the world’s oceans, waves, and beaches last month. Melissa Patterson, Will Gorman, Shelton Austin, Bill Shaffer, and Mike Manzano joined the nearly 100 volunteers, who spent a Saturday morning maintaining the beauty and cleanliness of one of San Diego’s finest beaches.

Executive Q&A DeAnne Steele, U.S. Trust, Bank of America

DeAnne Steele is managing director and investment executive at U.S. Trust, Bank of America Private Wealth Management, where she leads a team of investment and wealth strategy professionals for the West and Central South divisions.

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New Bank Waits… And Waits

With Risks in Mind, FDIC Takes It Time

Four letters stand between San Diego and the establishment of the region’s first new commercial bank in nearly a decade: FDIC. The proposed Endeavor Bank, which received state approval from the California Department of Business Oversight in March and approval for its stock offering circular in July, is waiting for the Federal Deposit Insurance Commission’s OK to open its doors.

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Qualcomm Exec Takes On Diversity Via Employee Engagement

TECH: Listening Tour Shows Need for Inclusion in Workforce and Work Itself

As it simultaneously conducts an international legal battle and chases a big acquisition, Qualcomm Inc. is spending 2017 negotiating the troubled waters of gender, ethnic and cultural diversity in the technology sector.

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GA Gets $30.3M Contract for Missile Defense

The U.S. Missile Defense Agency has awarded General Atomics Aeronautical Systems Inc. a sole-source, $30.3 million contract for unmanned aircraft used in tests of a missile defense system. The Pentagon announced the award on Sept. 12.

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Northrop Signal Jamming Work Could Top $500M

Northrop Grumman Corp. stands to receive more than $500 million in orders for devices that jam the signals to radio-controlled roadside bombs and enemy unmanned aircraft.

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Retail Keeps Rolling Along

Retailer Target Corp. has set a Nov. 8 opening date for its previously announced new store in Oceanside, filling a renovated space that formerly housed a Kmart at 443 College Blvd near state Route 76. Target recently held local hiring fairs to fill an expected 160 job slots at the store, which will be the retailer’s 22nd in San Diego County.

Immigration Reform: What’s the Real Estate Impact?

Recent debate over the fate of the nation’s Deferred Action for Child Arrivals (DACA) program has renewed discussions over the potential impacts that Trump administration immigration policies will have on sectors including commercial real estate and construction.

A Home for Special Ops, More Homes in Little Italy

The Honor Foundation, a local nonprofit that provides transitional services for Navy SEALs and others in the U.S. military’s Special Operations community, recently broke ground on a new 8,000-square-foot headquarters facility in Sorrento Valley. The site at 11055 Roselle St. was donated by property owner Alexandria Real Estate Equities Inc., among the local region’s largest holders of life science and related properties.

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Riverwalk’s New Development Course May Face Hazards

Unlike the current site of the (former) Qualcomm Stadium, the existing Riverwalk golf course in Mission Valley appears to have a clear vision now gradually taking shape for its next life — politics-free, at least at the outset.

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Amazon’s Entry Means Center Owners Need to Update Strategies

RETAIL: REITs Should Diversify Portfolios; Grocers Must Be Fast, Convenient

With Amazon Inc. making a major splash in grocery retail with its $13.7 billion acquisition of Whole Foods Market, shopping center owners including Retail Opportunity Investments Corp. (ROIC) are closely watching for the potential competitive ripple effects.

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Tracing the Startup Resources

These Groups Bring Various Levels of Clout, Capital and Skills to Their Missions of Serving Companies

San Diego startups depend heavily on a handful of nonprofit groups that help entrepreneurs get on the path to growth.

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Women’s Reproductive Health Products Face Financing Wall

BIOTECH: Risks, Reward And Need Often Too Much Of a Mystery to Investors

In the field of women’s reproductive health, it can be very difficult to get the startup capital a company needs to get from concept to market.

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Sunday, September 17

Empyr Launches Major Expansion

San Diego tech startup Empyr has launched a major expansion that includes doubling the company’s office space and its staff.

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Amazon Expanding Local Offices, But is There More in Store?

E-commerce giant Amazon Inc. really likes San Diego, recently adding to its already growing presence by leasing more than 100,000 square feet of office space at University Towne Center.

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SDCCU May Replace Qualcomm As Stadium Name

Naming rights for the building now known as Qualcomm Stadium may go to San Diego’s largest locally headquartered financial institution, San Diego County Credit Union, which has offered $500,000.

Lymber Technology Going National Following Acquisition By Mindbody

Technology developed by San Diego startup Lymber Inc. is deploying nationwide later this month following the company’s acquisition by Mindbody Inc.

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Lockheed Ventures Invests in Ocean Aero

Lockheed Martin Ventures made a strategic investment in Ocean Aero Inc., a San Diego company that makes autonomous seagoing vehicles, the companies announced.

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Spec Office-Industrial Redevelopment is Underway in Kearny Mesa

Building owner LBA Realty of Irvine is redeveloping a Kearny Mesa property it acquired in December 2016 into a new speculative office and industrial campus, according to brokerage firm CBRE Group Inc.

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The Business Calendar for the Week of September 18, 2017

Some of the business events planned in the county for the week of September 18, 2017, and beyond.

Grolltex Inc. Gets $600K To Further Scale Operations

Local investors have forked over an additional $600,000 to San Diego startup Grolltex Inc. as the company begins to scale its operations.

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Herman Construction Among Eight Cos. Tapped For $180M U.S. Army Orders

Escondido-based Herman Construction Group Inc. is among eight companies that will split as much as $180 million in U.S. Army construction task orders, the Pentagon announced Sept. 12.

Friday, September 15

Lymber Inc. Technology Going National Following Acquisition By Mindbody Inc.

Technology developed by San Diego startup Lymber Inc. is deploying nationwide later this month following the company’s acquisition by Mindbody Inc.

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UC Cancer Consortium to Pool Resources, Talent and Data

HEALTH: Five-Center Effort to Boost Efficiencies Including Trials, Treatments

Five-Center Effort to Boost Efficiencies Including Trials, Treatments

Lawsuit Paints Picture of Co. That Was on C-Suite Collision Course

LEGAL: Termination of CFO in 2015 Brings Issues to the Fore

Termination of CEO in 2015 Brings Issues to the Fore

Startup Grolltex Inc. Gets $600K To Further Scale Operations

Local investors have forked over an additional $600,000 to San Diego startup Grolltex Inc. as the company begins to scale its operations.

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Amazon Expanding Local Offices, But Is More in Store?

E-commerce giant Amazon Inc. really likes San Diego, recently adding to its already growing presence by leasing more than 100,000 square feet of office space at University Towne Center.

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Spec Office-Industrial Redevelopment Underway in Kearny Mesa

Building owner LBA Realty of Irvine is redeveloping a Kearny Mesa property it acquired in December 2016 into a new speculative office and industrial campus, according to brokerage firm CBRE Group Inc.

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Business Calendar for Week of September 18, 2017

Some of the business events scheduled in the county for the week of Sept. 18, 2017, and beyond.

Herman Construction Group Among Eight Cos. Tapped For $180M U.S. Army Orders

Escondido-based Herman Construction Group Inc. is among eight companies that will split as much as $180 million in U.S. Army construction task orders, the Pentagon announced.

San Diego County Credit Union May Replace Qualcomm As Stadium Name

Naming rights for the building now known as Qualcomm Stadium may go to San Diego’s largest locally headquartered financial institution, San Diego County Credit Union, which has offered $500,000.

Lockheed Martin Ventures Invests in Ocean Aero

Lockheed Martin Ventures made a strategic investment in Ocean Aero Inc., a San Diego company that makes autonomous seagoing vehicles, the companies announced on Sept. 15.

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Empyr Launches Major Expansion, Doubling Company Space

San Diego tech startup Empyr has launched a major expansion that includes doubling the company’s office space and its staff.

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Thursday, September 14

Industry Looks to Derail the Return Of Medical Device Tax

A 2.3 percent excise tax on all medical devices sold in the U.S. could resume in 2018, sparking a renewed push among San Diego’s medtech hub to scrap the measure.

Halozyme Inc.'s 2 deals with Big Pharma worth $135M now and nearly $2B in potential future income

San Diego drugmaker Halozyme Inc. has bagged two separate deals to partner its technology with Big Pharma drugs, adding $135 million to the company’s coffers and nearly $2 billion in potential future income.

Eastridge Workforce Solutions Acquires Operon Resource Management

San Diego staffing company Eastridge Workforce Solutions has acquired Operon Resource Management, which provides staffing solutions for health care product manufactures.

150 Cos. Launched by UC San Diego Rady School of Management Students and Alumni Since 2006

Since the UC San Diego Rady School of Management graduated its first MBA class in 2006, the school's students and alumni have started 150 companies.

Business Outlook Index Drops to Lowest Point of 2017

The San Diego Regional Chamber of Commerce’s latest business outlook index dropped to its lowest point of 2017 due to uncertainty and falling expectations of revenue, employment and business conditions.

Workshops for Warriors Gets $1M from Ohio Manufacturer

Workshops for Warriors, a San Diego nonprofit that offers job training and placement to veterans, said Sept. 13 that it received a $1 million donation from Ariel Corp., an Ohio-based machinery manufacturer.

Southeast Asian Nation Put $700K in Orders with LRAD Corp.

LRAD Corp. says it has received $700,000 in orders from an unnamed country in Southeast Asia.

New CEO Carefully Picks Ingredients of Change

DINING: Eatery Reset to Combine Past Strengths With New Efforts

Announcing the arrival of the company’s newest CEO — the fourth to hold the post since 2011 — the current private-equity owners of Garden Fresh Restaurant Corp. described John H. Haywood as a veteran industry “turnaround specialist.”

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Beer Equipment Cos. Tap Into Craft Growth

BREWING: From Tanks to T-Shirts, Sector Is Thriving

Without brewing a drop of beer themselves, several San Diego County companies — such as dispensing-systems provider TapCraft and temperature-gauging tech maker Reotemp Instruments Corp. — are enjoying the spillover benefits of the region’s still-burgeoning craft brewing industry.

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Research Institutes Are Now Searching For Cures and Profits

BIOTECH: Commercial Focus May Slow Wider Innovation

As public funding for medical research grows scarce, academics in San Diego are increasingly turning to Big Pharma to help them translate science into dollars.

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Coca-Cola Helps Suja Pour It On

JUICE: Investment Boosts Co.’s Capacity, But Doesn’t Change Its Philosophy

Suja Life LLC’s first commercial juice press, a blue machine about the size of a minifridge, still stands on the floor of its Oceanside production facility. But nearby is the real powerhouse: a German-made Flottweg belt press with the ability to squeeze nearly all of the juice from the produce it mashes.

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Wednesday, September 13

Retailer Pirch Closing 6 of 10 Stores As It Restructures Operations

San Diego-based retailer Pirch, which sells upscale home furnishings and fixtures nationwide and had been growing rapidly during the past few years, has announced plans to close all of its stores outside of California as it restructures operations.

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Straub Construction Awarded $61.9M Army Contract

The U.S. Army awarded Fallbrook-based Straub Construction Inc. a $61.9 million contract for work on a maintenance hangar at Fort Carson, Colo.

Two Businessmen Offer $1.5M to Fund Putting Up Temporary Shelters for Homeless

East Village and the Midway District will be the sites for as many as three “bridge” shelters for San Diego’s homeless residents, put up with financial help from a local business partnership.

W Hotel Transitioning to Hotel Republic, Adding 3 Dining Venues

The former W hotel in downtown San Diego has undergone its second rebranding since late 2015 and will soon be operating as Hotel Republic San Diego, with three new dining venues from locally based The Patio Group.

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Sophiris Bio Borrows $7M to Extend Its Runway, Conduct Trials

La Jolla-based Sophiris Bio Inc. has borrowed $7 million from Silicon Valley Bank to help finance late stage clinical trials and to extend the company’s cash runway through 2019.

Procopio Elects John Alessio to Be Next Managing Partner

Thomas W. Turner Jr., who has helmed San Diego law firm Procopio as managing partner for 17 years, is passing the baton to John D. Alessio.

RF Industries Reports $7.8M in Net Sales for Q3

San Diego-based RF Industries Ltd. reported net income of $192,000 or 2 cents per share on net sales of $7.8 million in its third quarter, which ended July 31.

Tuesday, September 12

Kearny Mesa Apartments Sold for $136.5 Million

Fort Worth, Texas-based Olympus Property, in a partnership with Artemis Real Estate Partners of Washington, D.C., has purchased the 360-unit Broadstone Corsair apartments in Kearny Mesa for $136 million, the buyers announced.

Cargo Services Provider Atlas Expanding Otay Mesa Operations

San Diego-based Atlas Freight Forwarding Inc. plans to expand its local operations, after leasing a nearly 100,000-square-foot industrial distribution suite in Otay Mesa.

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Ionis Subsidiary Seeks OK to Sell Drug in Canada

Akcea Therapeutics, a spinout and subsidiary of Carlsbad drugmaker Ionis Pharmaceuticals, has asked for the green light from regulators to sell one of its drugs in Canada.

Turner Construction, SVA Architects Begin Design of San Ysidro Library

Design of the long-awaited new San Ysidro Public Library is underway, announced Turner Construction Co. and SVA Architects Inc., which have teamed up on the $10.3 million project.

General Atomics Gets $30.3M Contract for Role in Missile Defense

The U.S. Missile Defense Agency has awarded General Atomics a sole-source, $30.3 million contract for unmanned aircraft used in tests of a missile defense system.

American Specialty Health Files Trademark Lawsuit

American Specialty Health, which has two offices in San Diego, announced Sept. 11 that it filed a trademark counterfeiting and infringement lawsuit against Modesto-based American Specialty Healthcare and American Specialty College, along with a number of its executives.

Once Upon a Farm Names New Chief Executive

John Foraker, the former head of organic food brand Annie’s, has joined local baby food startup Once Upon a Farm as its chief executive.

Westcore Buys Antioch Distribution Facility for $32.4 Million

San Diego-based Westcore Properties has acquired an industrial building in the Bay Area city of Antioch for $32.4 million, the company announced.

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Monday, September 11

TuSimple Sees Self-Driving Truck Test a Little Further Down the Road

TuSimple, a business with offices in Beijing and San Diego which hopes to produce a self-driving truck, has been on the road this summer.

San Diego-Based ICW Group's Net Worth Exceeds $1 Billion

San Diego-based ICW Group Insurance Cos., which represents a trio of property, auto and workers’ compensation insurance carriers, announced Sept. 11 its net worth had surpassed $1 billion.

NuVasive Acquires Vertera Spine

San Diego medical device and spine surgery company NuVasive on Sept. 7 announced that it acquired Vertera Spine, a privately-held medical device company that develops implants for spinal fusion.

NASSCO Awarded a $36.3M Navy Contract for Maintenance on Ships

The U.S. Navy announced on that it awarded General Dynamics NASSCO a $36.3 million contract for maintenance on the Navy’s littoral combat ships, as

Lytx Moving Manufacturing From China to Indiana

Lytx said it plans to move manufacturing for its DriveCam video event recorders from mainland China to Indiana.

Barons Market Relocates Headquarters to Poway

San Diego-based grocer Barons Market has moved its headquarters to a new office and distribution center space, totaling approximately 50,000 square feet at 12420 Kirkham Court in Poway.

Zavante Teaming With NIH to Try and Crush Deadly Bug

Local biotech Zavante Therapeutics is teaming up with the National Institutes of Health to see if its antibiotic will fight nasty infections acquired in hospitals.

With Loss of Chargers, It Is Game Over for Mission Valley Tilted Kilt

As a new NFL season gets underway, the Chargers’ absence from San Diego has claimed its first apparent business casualty.

Imprimis Statement Blasts Allergan Over Lawsuit

Global pharmaceutical giant Allergan is suing small San Diego drugmaker Imprimis Pharmaceuticals, claiming the local company is illegally selling unapproved new drugs.

New Board Members, Chair Appointed at San Diego Workforce Partnership

The San Diego Workforce Partnership, which funds job training programs, has appointed five new members to its Workforce Development Board and announced a new chair.

Five Local Small Businesses Get Part of $15M Navy Deal

Six small businesses will split $15 million in work on U.S. Navy boats measuring 50 feet long or longer, under a Navy contract modification announced on Sept. 7.

Sunday, September 10

Talk About Disruption: Try a Nice Debt Collector

Ken Green admits collections isn’t the sexiest industry out there.

UTC Medical Office Campus Sold for $97M

A partnership that includes Virginia-based Anchor Health Properties and Washington, D.C.-based The Carlyle Group has acquired a two-building medical office campus in University Towne Center for $97 million, according to CoStar Group and public data.

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Fitbit Partnering with Dexcom on Glucose Monitoring Initiative

San Diego’s Dexcom and Fitbit announced a partnership to develop and market products that aim to help people better manage diabetes and overall health.

Kratos Subsidiary Will Be Competing for Up to $3B in Army Contracts as Part of Joint Venture

Kratos Defense and Security Solutions Inc. said on Sept. 5 that it will do work for the U.S. Army under an award received by prime contractor QWK Integrated Solutions LLC. QWK is a joint venture between Kratos subsidiary Digital Fusion Solutions Inc. and Vencore Inc.

The Business Calendar for the Week of September 11, 2017

Some of the business events planned in the county for the week of September 11, 2017, and beyond.

S.D.-Based Dounut Bar's Latest Twist Is Franchising

San Diego-based Donut Bar, which sells gourmet doughnuts, is looking for business owners that want to open franchise locations in Southern California.

SBA to Open Small Business Development Center at University of San Diego

The U. S. Small Business Administration announced this week plans to open a new Small Business Development Center (SBDC) at the University of San Diego.

Carlsbad Mixed-Use Project Planned After $3.4 Million Property Purchase

San Clemente-based Rincon Homes has purchased a medical office property in Carlsbad for $3.4 million, with plans to redevelop the site into a retail and residential mixed-use community, according to brokerage firm Colliers International Group Inc.

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Local Microlender Accion to Receive $300,000 From Wells Fargo

San Diego-based microlender Accion will receive $300,000 from Wells Fargo & Co. as part of the bank’s Diverse Community Capital program, the bank announced this week.

Pfenex Inc. Losing Two Execs From Its C-Suite

Public drugmaker Pfenex Inc. is losing two of its top executives Chief Financial Officer Paul Wagner and Chief Manufacturing Officer Steve Sandoval.

The San Diego Foundation Names Constance Carroll to Chair Board

The San Diego Foundation announced Constance Carroll, chancellor of the San Diego Community College District, will serve as chair of the foundation’s board of governors.

City Heights Apartments Sold for $2.14 Million

Investors Frank Gomez and Catalina Amuedo-Dorantes of San Diego have acquired a nine-unit apartment property in the City Heights neighborhood for $2.14 million, according to brokerage firm Apartment Advisors Inc.

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Friday, September 8

Talk About Disruption: A Nice Debt Collector

Ken Green admits collections isn’t the sexiest industry out there.

Pfenex Losing Two Execs From Its C-Suite

Public drugmaker Pfenex Inc. is losing two of its top executives: Chief Financial Officer Paul Wagner and Chief Manufacturing Officer Steve Sandoval.

UTC Medical Office Campus Sold for $97 Million

A partnership that includes Virginia-based Anchor Health Properties and Washington, D.C.-based The Carlyle Group has acquired a two-building medical office campus in University Towne Center for $97 million, according to CoStar Group and public data.

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Donut Bar's Latest Twist Is SoCal Franchising

San Diego-based Donut Bar, which sells gourmet doughnuts, is looking for business owners that want to open franchise locations in Southern California.

City Heights Apartments Sold for $2.14M

Investors Frank Gomez and Catalina Amuedo-Dorantes of San Diego have acquired a nine-unit apartment property in the City Heights neighborhood for $2.14 million, according to brokerage firm Apartment Advisors Inc.

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Business Calendar for Week of September 11, 2017

Some of the business events scheduled in the county for the week of September 11, 2017, and beyond.

San Diego Foundation Names Constance Carroll to Chair Board of Governors

The San Diego Foundation announced Constance Carroll, chancellor of the San Diego Community College District, will serve as chair of the foundation’s board of governors.

AB 1250: Negative Consequences for Taxpayers

Counties across California depend on private organizations to efficiently meet a wide array of community needs. Nonprofits, community-based organizations and other private service providers bring the expertise and specialization required to maximize taxpayer resources and enhance county services.

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People and Teams Pool Their Athletic Abilities for Fundraiser

More than 200 swimmers took to the UCSD Canyonview Aquatic Complex for 24 hours of swimming during the fourth annual Swim 24Challenge, a fundraiser for the Drowning Prevention Foundation of San Diego aka San Diego Junior Lifeguard Foundation.

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Architect Puts Her Skills Into Bringing Clients’ Visions to Life

One of the most beautiful beaches and prestigious residential areas in the county is the Del Mar Beach Colony. It’s that stretch of beach along the far northern end of Del Mar up to the border of Solana Beach. Home to movie stars, moguls and those prescient enough to have bought property there 20 years ago; it’s quintessential beach living.

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Inertia Remains a Powerful Force

Despite Awareness of Importance, Exit Planning Elusive to Local Business Owners

Ashish Jariwala, managing director at San Diego-based investment banking firm PierCap Partners, wasn’t planning to join his family’s business, which made texturized dyed yarn.

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Collaboration Pays at Nanome

Nanome Inc., a UC San Diego-based business whose core business is virtual reality software, rolled out a new product called Matryx at the end of August. Matryx is an open-source platform with a bounty system that encourages people to collaborate on STEM projects (that is, projects that involve science, technology, engineering and mathematics).

Qelzal Puts AI in the Sky for Drones

Qelzal has started flight safety testing of its sensor system for drones and other autonomous vehicles.

Inseego Obtains $48 Million in Refinancing Transaction

Inseego Corp. took out a three-year, $48 million loan from Highbridge Capital Management LLC in late August.

Executive Q&A Chris Marsh, UBS Financial Services

Wealth management has always been about more than simply getting a client to a specific number. But today, more than ever, advisers are looking to help investors align their financial decisions with their values, said UBS Financial Services’ Chris Marsh,

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Co. Finds Influential Niche in High-End Workout Apparel

RETAIL: Founders Use Storefront to Test Designs

Graced by Grit has eight full-time employees, but hundreds of social-media influencers regularly showcase its high-end athletic wear for women online.

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New Dining Venues, and Other Tenant Arrivals

Mall owner Rouse Properties recently announced three more upcoming new dining tenants for The Shoppes at Carlsbad, currently undergoing an extensive renovation. Joining the lineup will be San Diego’s Lucha Libre, set to open its third local gourmet taco shop; Santa Ana-based Neckter Juice Bar, opening its 10th local location; and Poke Hut, a new concept from the operators of Carlsbad’s Señor Grubby’s with a twist on the Hawaiian fish dish.

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Border Wall Project Bypasses Local Firms ... So Far

The proposed new U.S.-Mexico border wall backed by President Trump will be going through San Diego County if it actually gets built. But the design won’t involve any local companies, at least in the early going.

Rental Demand Likely to Outpace Supply Well into 2020

The next 18 months will see at least 7,250 new apartments come on the market in San Diego County. Does that mean relief for renters, or cause for multifamily investors to alter their strategies in this still-tight market?

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Venture Summit’s Growth Shows Evolution of Local Scene

Due in part the cameo appearance of a former Google executive, San Diego Venture Group saw record attendance at its annual Venture Summit late last month. The crowded two-day affair was markedly different from previous years, signaling the local startup scene is picking up steam.

Co.’s Fluid Conversation Makes for More Meaningful Market Research

For a guy in the market research business, Rasto Ivanic has an unusual disdain for consumer surveys. Even the word “survey” makes him cringe.

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Craft Beer Attorney Taking Her Pursuits to National Level

LAW: Knowing Intricacies Of Beer Industry Makes Her an Asset to Brewers

Not long ago a California craft brewer with more passion than business know-how opted to launch without the benefit of legal assistance, and ended up wasting $1,000 on a patent because — who knew? — federal law forbids printing the word “strong” on a beer label.

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S.D. Acquisition Puts Mynd in Target Rich Rental Market

PROPERTY: Management Platform Aiming for Sites Of 50, or less, Units

Responding to the rise of mobile apps in the realm of rental property management, Bay Area technology provider Mynd recently made its first expansion into Southern California by acquiring San Diego’s Pacific Shore Management for an undisclosed price.

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UC San Diego Engineers Tap the Power in Human Perspiration

RESEARCH: Sweat May Run Wearable Devices; University Applies for Patent

Sweat is no longer the annoying byproduct of work, the thing that soaks a cotton shirt during vigorous exercise. It can be something more.

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Investors Betting on HouseCall’s B2B Efforts

SOFTWARE: More Manageable Model Brings $11M in Funding

Local software startups don’t often score venture money, but HouseCall is bucking that trend after closing an $11 million deal late last month.

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SBA to Open Development Center at USD

The U. S. Small Business Administration announced this week plans to open a new Small Business Development Center (SBDC) at the University of San Diego.

Microlender Accion to Receive $300,000 From Wells Fargo

San Diego-based microlender Accion will receive $300,000 from Wells Fargo & Co. as part of the bank’s Diverse Community Capital program, the bank announced this week.

Fitbit Partners with Dexcom on Glucose Monitoring Initiative

San Diego’s Dexcom and Fitbit announced a partnership to develop and market products that aim to help people better manage diabetes and overall health.

Kratos Subsidiary Will Compete for Up to $3B in Army Contracts as Part of Joint Venture

Kratos Defense and Security Solutions Inc. said on Sept. 5 that it will do work for the U.S. Army under an award received by prime contractor QWK Integrated Solutions LLC. QWK is a joint venture between Kratos subsidiary Digital Fusion Solutions Inc. and Vencore Inc.

DiamondView Deal Caps Downtown Flurry

OFFICE: $207M Transaction Is Third Recent Tower Sale

It was considered a laggard submarket for several years, but rising demand for office space in downtown San Diego has made it a hothouse for some of this year’s biggest commercial property deals.

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Will Housing Crisis Open Door to North County Development?

PROPERTY: Newland Plan Will Test if Public Mood Has Changed

A 2,135-home project proposed just outside of San Marcos will go before the County Board of Supervisors in 2018, eight years after the board shot down another housing plan for the site.

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Co.’s Digital Parts Quickly Add Up

PRINTING: Component Maker Taps Into Robust Commercial Growt

The shop at Memjet’s Rancho Bernardo headquarters has a 19-inch rack that in most other places would hold computer servers. This one, however, holds something more: printer’s ink.

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Carlsbad Mixed-Use Project Planned After $3.4M Property Purchase

San Clemente-based Rincon Homes has purchased a medical office property in Carlsbad for $3.4 million, with plans to redevelop the site into a retail and residential mixed-use community, according to brokerage firm Colliers International Group Inc.

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Thursday, September 7

Could San Diego Be Amazon's HQ2?

San Diego intends to compete for Amazon.com Inc.’s second headquarters.

MEI Pharma Buys Exclusive Global Rights to Anti-Cancer Drug

Local drugmaker MEI Pharma has agreed to pay $2.9 million upfront to Presage Biosciences for exclusive global rights to a potential new drug.

Bankruptcy Court approves Sempra’s Oncor Deal

Sempra Energy’s $9.45 billion deal to obtain ownership interest in Texas energy giant Oncor Electric took a step forward on Wednesday.

Likely Last Drug From Ardea Biosciences Approved for Sale

Ardea Biosciences, the local biotech now owned by AstraZeneca, got the green light from regulators to sell a new drug developed in San Diego labs. It’s the second medicine to make it from Ardea’s labs to the market, and will likely be the last.

Cubic Corp. Receives $25M Contract for 3 Mobile Combat Training Centers

Cubic Corp. said on Sept. 6 that it received a $25 million contract to deliver three mobile combat training centers to an unnamed client in the Asia-Pacific region.

Miralles Named CEO of Vividion; Co. Names Rich Heyman to Its Board

Vividion Therapeutics, a biotech startup that received $50 million in backing earlier this year, just recruited a top biotech executive as CEO and appointed industry heavyweight Rich Heyman to its board.

Garden Fresh Restaurants Taps Haywood as New CEO

San Diego-headquartered Garden Fresh Restaurants Corp. has named John W. Haywood as its new CEO, tasked with boosting growth prospects for the struggling operator of Souplantation and Sweet Tomatoes.

New CEO Named for Susan G. Komen San Diego

Susan G. Komen San Diego, the county’s largest funder of breast health services, has tapped Shaina Gross as the nonprofit’s new president and CEO.

Wednesday, September 6

DiamondView Tower in East Village Sold for $207 Million

San Francisco-based Divco West has acquired the DiamondView office tower in downtown San Diego’s East Village for $207 million, according to CoStar Group and public data.

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Food Services Delivering Increased Competition to San Diego Market

“Not going there.” That’s the consumer dining mantra that numerous companies are increasingly following, as they beef up their deliveries of groceries and restaurant meals to homes and offices in San Diego County.

Simon Wong Engineering Inc. Is Renamed Kleinfelder Construction Services Inc.

San Diego-based Kleinfelder Inc. has renamed Simon Wong Engineering Inc., which it acquired about five years ago, Kleinfelder Construction Services Inc.

Anokiwave Completes Series C Funding Round

San Diego chipmaker Anokiwave said on Sept. 5 that it wrapped up its series C funding round.

NuVasive Wins FDA Approval for Redesigned MAGEC System

NuVasive announced on Wednesday that it won FDA 510(k) clearance for its spinal implant system to treat early onset scoliosis.

Rancho Bernardo Retail Center Sells for $10.5 Million

San Diego-based New World Limited Partnership has acquired a Rancho Bernardo retail center for approximately $10.5 million, according to brokerage firm CBRE Group Inc.

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Faheem Hasnain Appointed Chairman of Vital Therapies Board

Faheem Hasnain, a well-respected biotech executive in San Diego, has been appointed chairman of Vital Therapies Inc.’s Board of Directors.

Cali Bamboo Names Doug Jackson Chief Revenue Officer

San Diego-based flooring and decking company Cali Bamboo announced Sept. 6 it had hired Doug Jackson as its chief revenue officer.

Tuesday, September 5

Human Longevity Develops Algorithm That Can Predict Physical Features Using Genetic Sequencing

San Diego’s DNA intelligence company Human Longevity has developed an algorithm that can predict what people look like using only their genome sequence.

Westfield Begins Work on New Apartment Tower at UTC

Mall operator Westfield Corp. has broken ground on construction of a new 23-story, upscale residential tower on land adjacent to its mall at University Towne Center.

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Redevelopment Planned After Downtown Land Parcel Sells for $9.5 Million

A local buyer listed as San Marcos Investments Inc. has acquired a downtown San Diego land parcel, where a hotel is currently located, for $9.5 million, with plans to redevelop the property, according to brokerage firm Pacific Coast Commercial.

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Stick Lacrosse in the San Diego Pro Sports Mix

Professional lacrosse is coming to San Diego, courtesy of a billionaire tech executive with a passion for the fast-paced sport.

Transportation Firm Sets Up New Headquarters in Sorrento Mesa

San Diego-based Global Resources Management Group, a provider of transportation-related consulting and other services, recently relocated its corporate headquarters to The Park, a property within the San Diego Tech Center office campus in Sorrento Mesa.

Carlsbad-Based Joint Venture Awarded $42.4M Navy Contract

The U.S. Navy awarded a San Diego-based joint venture a $42.4 million contract to replace electrical systems on piers at Naval Station Norfolk in Virginia.

NuVasive’s Former President Takes New Job With Mainstay Medical

In a move announced Sept. 5, Jason Hannon, until recently NuVasive’s president and COO, will take the reins as the CEO of Mainstay Medical International, a medical device company.

Kratos to Issue 12.5 million Shares of Common Stock

Kratos Defense and Security Solutions Inc. announced plans early Sept. 5 to issue 12.5 million additional shares of common stock.

3 Local Hospitals Fined for Patient Safety Violations

The California Department of Public Health on Thursday issued fines totaling $233,650 for three San Diego hospitals after investigations that found severe patient safety violations.

Monday, September 4

Modern Times Beer Plans Opening of Portland Facilities in 2018

San Diego’s Modern Times Beer will be expanding into Portland, Ore., in early 2018, as the Point Loma-based brewer continues to grow its operations footprint beyond San Diego County.

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Qualcomm to Introduce Cellular 'Vehicle to Everything' Chip

Qualcomm Inc. plans to introduce a chip that will help orient self-driving vehicles to their environments.

Venture Summit Shows Continuing Evolution of San Diego Scene

Due in part the cameo appearance of a former Google executive, San Diego Venture Group saw record attendance at its annual Venture Summit last week.

Company's Fertilizer Deal Accidentally Grows Sales By ‘31,500%’

An accidental move by local startup Upcycle resulted in the company selling over half its inventory overnight and ranking in the top 1 percent of all related products on Amazon.

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Construction Begins on $60 Million Downtown Apartment Project

Investment and development firms Legacy Partners and The Resmark Cos. have broken ground on a new $60 million, 168-unit apartment community in downtown San Diego’s Marina District, adjacent to the Gaslamp Quarter.

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Startup Standouts Headed to Hera Venture Summit

Four startups have earned spots at Hera Venture Summit, the annual event hosted by Hera Labs, the San Diego-based nonprofit business accelerator for female founders.

The Business Calendar for the Week of Sept. 4, 2017

Some of the business events scheduled in the county for the week of Sept. 4, 2017, and beyond.

S.D. Apartments Sold for $6.23 Million

A Huntington Beach buyer recorded as Casa Puleta Apartments LP has acquired a 54-unit apartment property in San Diego’s Mountain View neighborhood for approximately $6.23 million, according to CoStar Group and public data.

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Friday, September 1

Four Startup Standouts Headed to Hera Venture Summit

Four startups have earned spots at Hera Venture Summit, the annual event hosted by Hera Labs, the San Diego-based nonprofit business accelerator for female founders.

Co.’s Fertilizer Deal Accidentally Grows Sales By ‘31,500%’

An accidental move by local startup Upcycle resulted in the company selling over half its inventory overnight and ranking in the top 1 percent of all related products on Amazon.

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Business Calendar for Week of Sept. 4, 2017

Some of the business events scheduled in the county for the week of Sept. 4, 2017, and beyond.

San Diego Apartments Sold for $6.23 Million

A Huntington Beach buyer recorded as Casa Puleta Apartments LP has acquired a 54-unit apartment property in San Diego’s Mountain View neighborhood for approximately $6.23 million, according to CoStar Group and public data.

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Construction Begins on $60M Downtown Apartment Project

Investment and development firms Legacy Partners and The Resmark Cos. have broken ground on a new $60 million, 168-unit apartment community in downtown San Diego’s Marina District, adjacent to the Gaslamp Quarter.

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Modern Times Beer Opening New Portland Facilities in 2018

San Diego’s Modern Times Beer will be expanding into Portland, Ore., in early 2018, as the Point Loma-based brewer continues to grow its operations footprint beyond San Diego County.

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Venture Summit Shows Continuing Evolution of S.D. Scene

Due in part the cameo appearance of a former Google executive, San Diego Venture Group saw record attendance at its annual Venture Summit this week.

Three Life Science Companies Get Funding

Three local life science companies reported incoming cash during August, although none announced the deals publicly.

Leading the Purpose Revolution in Business

Whatever your political persuasion, the current political climate suggests continued devolutionary trends in the form of the reduction of social systems, inequitable concentrations of wealth and asymmetrical changes to the tax code with significant implications for philanthropy and the nonprofits they support. These shifts and the policies that affect us all suggest that we need to take more responsibility for and leverage greater control over protecting the very social fabric upon which our civilization is based.

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For Open Office Space, Manage Change

Recently, I returned from New York where, during my stay, I enjoyed a quiet evening outdoors at the High Line Hotel Bar in Chelsea. As we were enjoying our cocktails I made an observation about the evening’s clientele.

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HGH’s Annual Gala Will Help Keep the Good Works Going

Nearly 350 guests gathered to celebrate Home of Guiding Hands’ 43rd Annual Gala recently at the US Grant hotel to raise roughly $175,000 for more than 2,000 infants, adolescents, and adults with developmental and intellectual disabilities throughout San Diego and Imperial counties.

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Firm’s Head of Medical Device Practice Group Moves to S.D. Office

Knobbe Martens senior partner Gerard von Hoffmann has relocated from Irvine to the firm’s San Diego office in Del Mar Heights. Von Hoffmann heads Knobbe Martens’ medical device practice group and works closely with startups and venture capital firms.

Home of the Month - Following Nature’s Blueprints

Woven harmoniously into an amber sandstone hillside is a quintessential Herb Turner masterpiece in southern Del Mar. Turner — architect, artist and former Del Mar resident — built 18 single-family homes in Del Mar employing his overarching design philosophy known as “terramonics,” which is the harmonious integration of a house and its dwellers with the natural environment.

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Cool Perks Are Icing on The ‘Coworking Cake’

Now that we got the serious considerations out of the way, it’s time to give the perks some attention.

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Coworking: What Will Work for Your Startup?

This Checklist Can Guide You On Search for the Right Site

As local coworking spaces compete for new tenants, some facilities are offering sweet perks such as in-office hot tubs and kombucha on tap to help fill desks. But when deciding on a coworking space to call home, should perks be a determining factor?

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Local Restaurants Are Expanding on Their Culinary Successes

Developers of the mixed-use IDEA1 project, nearing completion in downtown San Diego’s East Village, recently signed their second and final retail tenant — a casual-style cafe called Young Hickory. According to brokers Reg Kobzi and Michael Peterson of CBRE Group Inc., who represented the tenant and landlord, the venue will be the second for owner Clay Summers, who has a current venue in North Park serving breakfast and lunch items along with local coffees and craft beers.

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Biotech Still Big Driver of Space Demand

Brokers at JLL report that after a slow first quarter, life-science-related facilities leasing in San Diego County sprang back to life in the second quarter. That period saw 644,212 square feet of total gross office and lab-space leasing by biotech firms, producing 205,529 square feet of net occupancy growth.

It Won’t Be a Day at the Beach Getting Target Store Into O.B.

High-profile retail spots tend to fill up soon after they’re vacated in the San Diego market. But there are a few times when the neighbors of these properties stand up and declare “Not so fast!” before the next tenant can move in.

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Some Good Numbers for GA-ASI

Summer saw General Atomics Aeronautical Systems Inc. receive other Pentagon funding and set a record:

Northrop Sees Drone Role In Missile Defense

Northrop Grumman Corp. is looking into whether its unmanned Global Hawk aircraft could carry a potent laser able to destroy an enemy missile during its boost phase — the initial part of the missile’s flight.

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