Stories for April 2018

Monday, April 30

VizExplorer Names New CEO to Company

VizExplorer welcomes new CEO to the company.

El Cajon Industrial Buildings Sold For $3.3M

Buildings have combined space of 21,058 square feet

Tease photo

San Diego Airport Seeks Startups With Parking, Customer Services Fixes For Innovation Lab 'Accelerator'

Entrepreneurs who are accepted to the 16-week program will get an inside look at the airport selection process.

San Diego Tech Cos. Tapped for Department of Homeland Security Group Tour

Nine companies were tapped to host a group of government and military representatives during the two-day tour.

Dermtreat Appoints New CEO, Establishes HQ in S.D.

Nishan de Silva has nearly 20 years of experience in biotechnology, venture capital and healthcare management consulting.

Synthorx Raises $63 Million in Series C Round

San Diego-based Synthorx — formed around synthetic biology for novel protein therapies — raised $63 million in a Series C round.

Sunday, April 29

Bankers Hill Apartments Sold For $2.3M

Building has 10 apartments

Tease photo

University of St. Augustine for Health Sciences Announces Change in Ownership

University of St. Augustine for Health Sciences to be acquired by Altas Partners.

Business Calendar for Week of April 30, 2018

Business events for week of April 30, 2018, and beyond.

UC San Diego Receives $4.7M Gift for Medical Cannabis Research

New study will look at CBD as a treatment for severe autism.

BofI Federal Reports $51.3M in Record Net Income

But its stock fell about 5 percent the day after its earnings report.

Grant Will Give Grieving Children A Safe Place to Heal

The Elizabeth Hospice announced a $10,660 grant from Las Patronas to fund the construction of an innovative activity room where children experiencing loss can express powerful emotions as they process their grief.

Tease photo

Profits Are Not Enough; Business Is Now Society

Thomas Friedman recently wrote about Facebook quoting, Dov Seidman, CEO of LRN, which helps companies and leaders build ethical cultures, “the business of business is no longer just business. The business of business is now society.” He may be right.

Tease photo

Doctor Enjoys Freedoms and Challenges of Private Practice

MEDICINE: Managing Business Aspects Gives Physician Greater Control

While many young doctors have abandoned the goal of having their own medical practices, Amanda Lloyd has elected to pursue the dream.

Tease photo

Estate Planning Startup Graduates Virtual Accelerator Program

San Diego-based Trust & Will, the software startup that targets millennials with its simplified legal forms for estate planning, spent the past three months in an accelerator program run by Techstars, the Boulder, Colorado-based organization.

Tease photo

Thursday, April 26

San Diego on List of Landing Spots for New Army Command

San Diego is among 15 cities being considered for new Army command.

Affordable Housing Adds to Civita’s Mix

PROPERTY: Plans Eventually Call for 4,700 Residences

Seven years ago, Sudberry Properties said it would take 10 to 15 years to transform a 230-acre former Mission Valley rock quarry into a master-planned community that would set the tone for what the future of San Diego could look like.

Tease photo

Industrial Demand Works for Landlords As Rents Go Up, And Vacancy Goes Down

Mirroring what’s happening in the market for office space in San Diego County, demand for industrial space in the region is outstripping supply, driving rents to levels not seen since before the Great Recession and vacancy rates to near or at record lows.

Tease photo

Co. Can Park Data Or Help It Drive Solutions

TECH: Teradata Taps Analytics To Transform Its Biz Model

Two rooms at Teradata Corp.’s offices in Rancho Bernardo, one of the publicly traded company’s largest campuses, provide a quick visual approximation of the transformation the company is undergoing.

Tease photo

ResMed Revenue Surges 15 Percent in Q3

San Diego-based ResMed reported $591.6 million in third quarter revenue, a 15 percent year-over-year increase.

Seacoast Commerce Bank Earnings Nearly Double in Q1

It was Seacoast's first quarterly report since it fully integrated its systems with those of Capital Bank, the San Juan Capistrano-based institution Seacoast acquired Oct. 1.

Frozen Dessert Co. Arctic Zero Makes International Debut

The company plans to start selling its low-calorie pints at stores in Canada this month.

Wednesday, April 25

Outpatient Sites Become A Central Part of Care

HEALTH: Revenue Needs, Market Trends Push Change

San Diego hospitals in the last few years boosted investment in modest freestanding centers for surgery, imaging and other services, vying for patients seeking convenience and lower costs.

Tease photo

SDBJ Insider: Leadership Search Leads to Merger For BBB Chapters

Faced with finding a new executive for the local chapter of the nonprofit Better Business Bureau, chair Jonathan Gallagher and the leadership did the sensible thing by recruiting the highest functioning BBB executive they could find, CEO Matthew Fehling of the award-winning Greater Arizona chapter. At some point, they fielded a call asking them to consider a merger, which seemed out of the question until a few of them made a visit to check out what Fehling had going in Phoenix. They were blown away.

Tease photo

EvoNexus Stakes Its Claim to a Piece of Startups

STARTUP: Incubator To Take 1% to 5% of Accepted Companies

EvoNexus, the startup incubator with offices in San Diego and Irvine, will require the next round of companies it admits to give up a stake in their business in exchange for EvoNexus’ services.

Developers Follow The Demographic With Senior Housing

San Diego County developers are leading a national trend to build housing for senior citizens who need some level of care.

Developer Plans Vibrant Mixed-Use Project for Del Mar

PROPERTY: Mixed-Use To be Transition Between Biz and Residential Areas

A vacant lot that was once a gas station, then a failed commercial development at the southern edge of Del Mar’s business district would become a mix of offices, retail shops, a possible restaurant and condominiums under a new proposal.

Tease photo

Acadia’s Stock Falls on FDA Reexamination

The U.S. Food and Drug Administration said it was reexamining San Diego-based Acadia Pharmaceuticals’ drug to treat hallucinations and delusions caused by Parkinson’s disease. The news was first reported by CNN on April 25.

Liberty Station Building Leased By Moniker Group

Corporate headquarters moving from dowtown

Tease photo

Qualcomm Q2 Revenue Beats Guidance

The company said its quarterly earnings incurred $310 million in charges related to its $1 billion cost-cutting plan announced in January.

JMI Equity Leads $55M Investment in Financial Services Platform for Students

Since its start in 1992, JMI has invested in more than 130 businesses.

Origin Code Academy Offers Beginners Free Online Training

The online learning program uses an interactive video format to teach programming concepts.

Tuesday, April 24

Casino Is Changing Management and Changing Its Name

GAMING: Jamul Casino Reported to Be In Default on Loan

Hollywood Casino Jamul-San Diego announced earlier this month that it was transitioning management from Penn National Gaming Inc. to Jamul Indian Village Development Corp. (JIVDC). The transition means the casino’s name will change to Jamul Casino.

Tease photo

Casinos Draw Players To the Other Tables

New Fresh, Flavorful and Foodie-Oriented Dining Options Play to Diverse Appetites

Many of the biggest San Diego County casinos are in various stages of large scale expansions and renovations. For some casinos, this means updated dining options that appeal to fast casual, gourmet, and chef-driven food trends.

Tease photo

Some High Hurdles Separate Jacobs From Qualcomm

ACQUISITION: Price, Regulators Part of Obstacles to Going Private

Since Paul Jacobs said his goodbyes to shareholders and the board of directors during Qualcomm Inc.’s annual shareholders meeting in March, the company’s former CEO and chairman of the board has been relatively quiet.

GA Lab Opens Doors to Companies Looking for a Little Analysis

TECH: Services Include Material Science and Failure Analysis

For the past 20 years, General Atomics’ Inertial Fusion Technology (IFT) Analytical Services Lab has been a well-kept secret in San Diego.

Tease photo

SD 500 Update: Dupper Founds PE Firm in Carlsbad; Gurtin Adds 3rd Office

Items of interest about people in 2018 The San Diego 500, The Book of Influential Business Leaders:

Tease photo

Fewer Deals Didn’t Stop the VC Cash From Flowing in Q1

Fewer San Diego companies received venture capital backing in the first quarter of the year but the total dollars raised were up compared to the same quarter the year prior.

SDBJ Accepting Submissions for 'Fastest 100 Growing Private Companies' List

Submission deadline is May 1.

Illumina’s Revenue Increase Tops Analysts’ Expectations

Illumina reported $782 million in first quarter revenue, a 31 percent year-over-year increase, the company announced April 24.

Bastyr University Names New President

Harlan Patterson appointed president.

SCST Inc., Southwest Geophysics Merge Businesses

Southwest Geophysics' services are intended to reduce explorative costs and assist in mitigating unexpected site conditions.

San Diego Firm Buys Silicon Valley Research Buildings

Improvements planned for two-building complex

Tease photo

Dthera Sciences Appoints Steve Martin to Board

Steve Martin, a seasoned CFO, has joined Dthera Sciences’ board.

Monday, April 23

Skaggs School Launches Masters Degree for Drug Development, Management

UC San Diego’s Skaggs School of Pharmacy and Pharmaceutical Sciences has launched a master of science in drug development and product management, a first-of-its-kind offering.

Layoffs To Come At Qualcomm To Cut Costs

Qualcomm Inc. (Nasdaq: QCOM) will cut 1,231 jobs in San Diego.

Shoreham Place Building Sold For $6.8M

Law firm relocating from downtown

Tease photo

Business Calendar for Week of April 23, 2018

Business events planned in the county for the week of April 23, 2018, and beyond.

Organovo’s Money Is on Measured Advances

BIotECH: Model for NASH Drug Testing,Tissue for Bridge Solutions Are Goals

Organovo’s technology sounds straight out of science fiction movies: 3-D printed tissues that emulate human organs. But, this story is shifting.

Tease photo

Orexigen Agrees to Sell Its Assets to Nalpropion for $75M

Orexigen agrees to sell its assets.

Sunday, April 22

Innovation Is an Imperative for Nonprofits, Too

As San Diegans, we are quick to boast about our beaches, perfect weather, how our city is “smart,” and how this is a terrific place for startups and entrepreneurs. But we have our negatives too: our increasing homeless population, the high cost of housing and the skyrocketing “living wage” required to enjoy America’s Finest City.

Tease photo

Boys & Girls Clubs Partners to Support, Serve Military Kids

Boys & Girls Clubs of Greater San Diego hosted a military public-private partnership inaugural roundtable discussion to kick off “Better Together: A Military Public-Private Partnership” designed to allow children and teens to share their experiences and challenges as members of military families. The roundtable took place recently at the Clairemont Branch in the education and nutrition center.

Tease photo

This Is a Place of Inspiration, Poetry and Perfect Sunsets, of Course

For most people, a home is not just a financial asset, but rather it is a place where a family can create a backdrop for cherished memories throughout the generations. The doorjamb marked with pencil lines as the children grow, the trees planted as saplings that eventually grow large enough for a tree house — a place of joy, struggle, triumph, safety and comfort.

Tease photo

Educators Awarded Endowed Professorships

LEADERSHIP: UCSD Recognizes Joint Effort of Engineering, Management

The pair of professors who lead the UC San Diego Institute for the Global Entrepreneur, a collaborative effort between the Jacobs School of Engineering and the Rady School of Management launched in 2016, have been awarded endowed professorships.

Investors Put $7M on Green, Measurabl’s Sustainable Platform

San Diego software startup Measurabl raised a $7 million Series A financing round led by Camber Creek, a venture capital firm that invests primarily in real estate technology, the company said April 16.

Astute Medical Acquired In $90M Cash Deal

French diagnostics giant bioMérieux acquired San Diego-based Astute Medical in a $90 million cash deal announced earlier this month.

USD Students Were Up For The Challenge

Future real estate professionals at the Burnham-Moores Center for Real Estate took second place among 40 entrants in a recent national real estate challenge.

Sycuan Goes Extra-Mile for Transportation

Sycuan Casino revealed three new shuttle stops in March, as a part of the San Diego Metropolitan Transit System (MTS) naming rights agreement for the Sycuan Green Line.

Tease photo

Qualcomm’s NXP Bid: Will Acquisition Happen?

Qualcomm Inc.’s $44 billion bid for the Dutch-based NXP Semiconductors NV continues to drag on. On April 19, Qualcomm and NXP agreed to withdraw and refile the notice of acquisition regarding the companies’ planned merger at the request of Ministry of Commerce in China (MOFCOM).

Friday, April 20

VaultRMS, Developer of Software for Firefighters to Track Toxic Exposures, Is Acquired

Envisage plans to offer free access to VaultRMS' Exposure Tracker as part of itsFirstForward training network.

Ionis Inks $1 Billion Deal with Biogen

Biogen will pay Carlsbad’s Ionis Pharmaceuticals $1 billion in cash as part of a 10-year collaboration around neurological drug development.

Cubic to Sell Training Services Business for $135 Million

The transaction is anticipated to be completed within 30 to 60 days, subject to customary closing conditions and regulatory approvals.

Thursday, April 19

Real Estate Tech Startup Agentology Raises $12M

The company, which qualifies and pursues leads for real estate agents, employs about 150 people in San Diego.

Craft Beer Can Lose Identity in Expansion

BREWING: Brand, Story and Taste May Not Travel Well

The sale of San Diego-based Green Flash Brewing Co. may have come as a surprise to local craft beer consumers, but industry experts say it holds lessons for other brewers in understanding market forces and the complexities of expansion.

Tease photo

ResMed’s CEO Eyes Greater Market Share

BIOTECH: Software Success To Move On to Analytics, AI

Five years ago, Michael “Mick” Farrell listened to an analyst forecast ResMed’s demise.

Tease photo

COMMENTARY: Gender Equity Issues Go Beyond Pay Discrepancies

San Diego County could increase its GDP by $23 billion within 10 years by reducing gender inequities in the workplace, according to a McKinsey Global Institute report.

Tease photo

Construction Co. Returning To School for 3 Projects

BNBuilders has been tapped as the construction manager and general contractor on three renovation projects at the University of California San Diego totaling $17.1 million.

Real Estate Investors Send S.D. Market Up in Rankings

San Diego CountSan Diego County is becoming ever more popular as a place for real estate investors to put their money, ranked as one of the top markets for industrial, multifamily, office and retail investment by the commercial brokerage firm CBRE.

Tease photo

COMMENTARY: Future Depends on Inclusionary Growth

San Diego is poised to become an unstoppable force in the global economy. The region is home to 34 percent more STEM workers than the national average, ranks third in the U.S. for patent intensity and has the sixth highest rate of income mobility.

Tease photo

Three San Diego Apartment Buildings Sold For $5M

Complexes were built in the 1970's

Tease photo

La Jolla Playhouse Appoints New Managing Director

Debby Buchholz has served as the general manager since 2002 and will assume her new position starting May 1.

Ballast Point Teams with EDC to Benefit Local Businesses, Entrepreneurs

Ballast Point said April 19 it’s crafting a specially-brewed beer to mark its partnership with the San Diego Regional Economic Development Corporation (EDC).

Tocagen Licenses Its Immunotherapy in China

Citing regulatory changes, San Diego’s Tocagen licensed its immunotherapy for commercialization in China, earning the company $16 million upfront and potentially much more.

CDC Small Business Finance to Receive SBA Award

CDC Small Business Finance has facilitated more than $13 billion in financing to more than 11,000 small businesses.

Qualcomm, NXP To Refile Notice of Acquisition

Qualcomm Inc.’s $44 billion bid for the Dutch-based NXP Semiconductors NV continues to drag on.

Wednesday, April 18

Ship Orders Put Co. On Hiring Course

DEFENSE: It Welcomes All Applicants for Career Slots

General Dynamics NASSCO is embarking on a hiring binge.

Tease photo

Pot Tours Put Edibles, Education on Itinerary

TOURISM: Some Include Breweries, Pipe Production Site

Several cannabis tour companies have sprung up in San Diego County recently, filling a niche in the industry in an unexpected way.

Tease photo

Developer’s Affordable Housing Projects to Fill Crucial Need

PROPERTY: Shortfall Of Affordable Homes Said to Be 142,000

San Diego County’s supply of affordable housing is about to get a big boost through new construction and renovation projects planned by the nonprofit developer National Community Renaissance.

Tease photo

SD 500 update: Walshok Honored; Rippetoe Nominated For Industry Board

Items of interest about people in 2018 The San Diego 500, The Book of Influential Business Leaders:

Tease photo

Office Space At A Premium

PROPERTY: Submarkets See Big Rental Rebound as Demand Heats Up Market

New construction, a thriving economy, rising construction costs and low vacancy rates have pushed office rental rates ever higher throughout much of San Diego County since 2010, when rates started rebounding from the recession.

Tease photo

Skincare Startup’s Philosophy About Healing, Not Hiding

RETAIL: Aims to Keep Close Customer Connection And Affordable Prices

Molly Beane’s business model might have been seen as a little bit desperate. But just out of rehab, out of work, and almost out of money, she made her move.

Tease photo

Kratos Advances to Gremlins Phase III

Kratos Unmanned Aerial Systems, Inc. is joining the Dynetics lead team on Phase III of the Defense Advanced Research Projects Agency (DARPA) Gremlins program.

Tuesday, April 17

Parks Pick Their Strategies for Drawing Summer Visitors

TOURISM: SeaWorld Offers Thrills; Legoland Makes Hotel Stay Fun

SeaWorld, Legoland, the San Diego Zoo, and Safari Park San Diego theme parks have several new offerings lined up for the summer, peak season for these Southern California parks.

Tease photo

Brain Corp. Adds to Its Roster of Floor-Cleaning Machine Cos.

TECH: AI Likely To Be Necessary Part Of Cleaning Operations

Brain Corp., which makes artificial intelligence-powered navigation software that lets machines operate autonomously, has inked a deal with Tennant Co., a publicly traded Minnesota-based company that designs, sells and markets cleaning equipment worldwide.

Tease photo

Co.’s Nano-Ceramic Coatings for Cars Off to a Fast Start

SERVICE: Growth Rate 100 Shops a Month; New Targets Marine, Aviation

In a matter of years, Ceramic Pro has watched as its gross revenues have skyrocketed from $331,000 in 2014 to an estimated $22 million projected for this year, according to its founder and CEO Peter Diebitsch.

Tease photo

Vending Machine Maker Bets You Will Select AI

RETAIL: Machines Interact With Customers, Offer Easier Payment

In the next few weeks, the ViaTouch Media (VTM) headquarters will be taking shape in the Sorrento Valley area.

Tease photo

Qualcomm Announces Quarterly Dividend of 62 Cents Per Share

The dividend payout will be 9 percent higher than what shareholders have received quarterly since April of 2017.

Monday, April 16

SDBJ INSIDER: Knowledge Empowers at Marketing Firm

Kate Lobel heard from several of her millennial peers at Power Digital Marketing that while they understood the nuances and terminology of their marketing specialty, when clients shifted into discussing other areas of business they were not so comfortable.

Tease photo

Frazee Road Building Sold For $33M

Building is 90.6 percent occupied

Tease photo

Chula Vista RV Resort Approved

The Port of San Diego Board of Port Commissioners approved a new RV park on the Chula Vista Bayfront called Costa Vista RV Resort.

SD-Based ChiroMatrix Teams With Atlanta’s Life University

Chiropractic web marketing expert ChiroMatrix, of San Diego, and Atlanta-based, Life University (LIFE), said on April 16 they will be forming a mutually beneficial strategic partnership to enhance the careers of LIFE students and alumni.

S.D. and Baja Leaders Convene in Mexico City

San Diego Regional Chamber of Commerce’s 13th annual Binational Delegation to Mexico City began Sunday.

Cubic Corporation Welcomes New VP, Financial Operations and Controller

Sean Palleschi is Cubic Corporation’s new vice president, financial operations and controller of its Cubic Global Defense business division.

Tease photo

French Company Acquires Astute Medical for $90 Million

French diagnostics giant bioMérieux acquired San Diego-based Astute Medical in a $90 million cash deal announced earlier this month.

Real Estate Tech Startup Measurabl Raises $7M in Series A Round

Real estate operators use the San Diego-based company's platform to track and analyzes data on commercial properties' impacts on the environment.

Grossmont Clinic for Non-Emergency Conditions Opens

Sharp Grossmont Hospital has opened a new clinic, which looks to reduce patient volumes in the hospital’s emergency room, one of the busiest in San Diego County.

Sunday, April 15

Irwin Jacobs, Martin Wygod Join Biological Dynamics Board

Biological Dynamics, a San Diego cancer diagnostics company, named Irwin Jacobs and Martin Wygod to its board, it was announced April 13.

Oceanside Industrial Building Sold For $20M

Building is part of Rancho Del Oro Technology Park

Tease photo

New Private Equity Firm Opens in Carlsbad

The firm said it aims to invest in lower middle market companies in the manufacturing, niche software, business services and food sectors.

Business Calendar for April 16, 2018

Business events planned for April 16, 2018, and beyond.

Fox Rent A Car App Service Expands to San Diego

The FOXpress app allows consumers to make rental car reservations at any of Fox’s 20 corporate locations.

Viasat Brings ‘Community Wi-Fi’ Service to Mexico

The new service will bring an affordable Wi-Fi experience directly to consumers’ devices in Mexico.

Sempra Energy’s IEnova Division to Develop Liquid Fuels Terminal in Ensenada

The terminal, which will increase the fuel supply capacity and reliability in Baja California, is anticipated to begin operations in the second half of 2020.

Cohn Restaurant Group Buys Former Junk House Gastro Pub

Site was original home of Nicolosi's Italian Restaurant

Tease photo

Program Gives Students Some Key Lessons in Kindness, Helping

During a three-day period last month, Shoal Creek Elementary students in Poway collected $1,000 in donations for San Diego’s Ronald McDonald House as part of the charity’s Red Shoe Crew program. To foster a sense of kindness and charity among school-aged children, students participating in the Red Shoe Crew program help educate their peers on the Ronald McDonald House Charities of San Diego’s mission.

Tease photo

GovX Gets VA Contract Expanding Reach, Mission

SERVICE: Platform, Product Fulfillment to Be Provided for VCS

GovX Inc., an ecommerce business providing merchandise exclusively for members of the military, law enforcement and firefighter communities, earlier this year was awarded a Department of Veteran Affairs contract.

Tease photo

Friday, April 13

Apartment Building Sold For $2M

All units are onebedroom/one bathroom.

Tease photo

Thursday, April 12

Qualcomm Launches Platform for IoT Devices

Qualcomm said video products provider Kedacom and camera maker Ricoh are planning to develop products based on the new platform.

SeaWorld Could Face SEC Punishment

SeaWorld disclosed April 12 that it had received a Wells notice from the U.S. Securities and Exchange Commission (SEC) that recommended legal proceedings be brought against the theme park.

SDBJ INSIDER: A Rare Opening For a Well-Done Restaurant

West Village in Carlsbad is looking for a tenant. But it’s not just any landlord.

Tease photo

Deal is Key Driver For Revenue, IOT

Twice in two weeks, with Broadcom Ltd. closing in on a hostile takeover, Qualcomm Inc. issued an urgent message to its shareholders: Don’t forget about NXP Semiconductors NV.

Qualcomm CEO Will Need Successes, Especially With NXP

Qualcomm Inc.’s recent shareholder vote tally does raise questions and flags, and that means there could be a change at the helm of the company — or not — depending on whom you ask.

Tease photo

Developer Plans Possible Portfolio of Assisted Living Facilities

PROPERTY: Need Good Management Co. to Do It Successfully

With construction of high-end apartments booming in San Diego, developer Douglas Wilson thinks it’s time for builders to look for something else.

Tease photo

Exec Director Helps Brewers Guild Draw Crowd

BREWING: She Increased Membership, Built Relations With Tourism Groups

When Paige McWey, 31, first started at the San Diego Brewers Guild as executive administrator, she was handed all of the nonprofit’s most important files in a single box and a flash drive.

Tease photo

Human Longevity, Inc. Teams with Nonprofit for Pilot Program

The company said the pilot program will put up to 100 San Diego Fire-Rescue Department firefighters and 10 alternates through screening, including genome sequencing.

Tandem Diabetes Care Continues Momentum in Preliminary Q1 Results

Tandem Diabetes Care reported a 42 percent year-over-year increase in preliminary quarter one sales, increasing the company’s stock.

Illumina, Loxo Oncology Partner on Cancer Diagnostic Solutions

San Diego-based Illumina, Inc. (Nasdaq: ILMN) and Loxo Oncology (Nasdaq: LOXO) in Stamford, Conn., announced on April 10, a global strategic partnership to develop and commercialize a multi-gene panel for broad tumor profiling.

Union Bank Names New Regional Director for San Diego Private Banking Team

Barry Wellins' experience includes a prior stint with Union Bank: From 2001-2003, Wellins was the bank's Santa Monica branch manager.

Tease photo

Wednesday, April 11

SD 500 Update: SBA Honors Hanson; Becker Will Speak At Aviation Event

Items of interest about people in 2018 The San Diego 500, The Book of Influential Business Leaders:

Tease photo

Stalwart Kearny Mesa Prime for Reinvention

PROPERTY: Live-Work Balance Seen for Submarket

Kearny Mesa is a San Diego neighborhood on the cusp of change, as some talk of turning Convoy Street at its heart into the next Little Italy and pending community plan changes could prompt new commercial and apartment development.

Tease photo

Condo Amenities Will Make A Lasting Impression

Ever wonder what goes into some of those luxury condos being built in downtown San Diego?

Badiee’s Vista Industrial Project Targets Small- to Medium-Size Businesses

Ben Badiee, one of the most prolific developers in North County San Diego, is chugging along with still more projects.

Tease photo

Project Helps Grow Vision for Ocean Discovery Institute’s Outreach

CIVIC: $17M Facility, Programs Prompt NOAA To Seek East Coast Site

The $17 million Living Lab project that’s nearing completion in City Heights was designed to help the Ocean Discovery Institute kindle a passion for science among students in the inner-city neighborhood.

Tease photo

Sempra Announces Executive Appointments

The Fortune 500 energy services holding company has made several executive appointments.

Two S.D. Cos. Make the List of Fastest Growing Breweries

The list names only small and independent breweries that have their own production at their facilities.

Tuesday, April 10

Poseida Therapeutics Raises $30.5M to Further Develop Cancer Treatments

The biotechnology company described the financing round as oversubscribed.

Solar Retrofit Market May Be Losing Energy

ENERGY: Consumer Education, New Construction Could Help

With plenty of roofs and an abundance of sunshine, San Diego has been a leader for solar installations.

Tease photo

Seaport Village Under New Management

The Port of San Diego Board of Port Commissioners has selected Protea Property Management, Inc. to manage and operate Seaport Village.

El Cajon Apartments Sold For Nearly $7.8M

Complex is a mix of townhomes and flats.

Tease photo

Second Kratos System Approved for International Marketing by US State Department

The company’s systems will be marketed to certain North American, European, and Asia Pacific region countries.

Coastal Payroll Gets Chief HR Officer

Shelley Addy will work to advance the San Diego-based company’s comprehensive workforce management suite, as well as oversee its internal human resources needs.

Gurtin Municipal Bond Management Opens Third Office

The firm, which specializes in municipal bond portfolio management, had $14 billion in discretionary assets under management as of March 31.

Monday, April 9

National University to Launch Gender Equality Training Effort

LEADERSHIP: Program Seeks to Train a Million Women and Men, Too

Seeking to empower women to excel in the workplace, National University is preparing to offer training in women’s leadership through its Institute for Leadership Synergy.

Tease photo

When a Commitment Is Not Enough

To Build A Diverse Workforce, Companies Must Recognize Bias, Redo Hiring and Development Processes

Because achieving diversity in the workplace requires an ongoing commitment, many businesses in San Diego County are working to develop more inclusive recruiting, hiring, and promotion practices.

Tease photo

Acadia Pharmaceuticals' Stock Tanks on Report of Deaths of Some Users of its Flagship Drug

Acadia fell from over $21 per share to $16.50 as of market close April 9.

Southwest Launches San Diego to Newark Nonstop

The new flight is available seven days a week.

Kratos Opens Facility in Australia

The new facility, near Naval Air Station HMAS Albatross, will serve as the center of its emerging Australian Defense (ADF) business.

General Atomics Receives $81M Foreign Military Contract

The contract provides for integration and component level testing for UK specific enhancements to support the MQ-9B PROTECTOR unmanned aircraft system program.

San Marcos Industrial Building Sold For $6.9M

Building is fully leased.

Tease photo

Clarify Medical Taps Former Neothetics CEO as New Leader

Clarify Medical's CEO was formerly head of Neothetics, which merged into San Diego company Evofem Biosciences after its experimental drug failed in the clinic.

Tease photo

Convention Center CEO Nominated for International Association of Venue Managers Board

Clifford “Rip” Rippetoe, San Diego Convention Center CEO and president, was nominated for the second vice chair of the board of International Association of Venue Managers.

Sunday, April 8

San Diego AI Co. Collaborates on an Autonomous Cleaning Machine

San Diego-based Brain Corp and Tennant Co., a cleaning product company, have teamed up to create the T7 Micro-Rider floor scrubber.

Eutelsat Jettisons Plans to Be On Board Viasat-3 Satellite

Viasat confirmed they will not be moving forward on a planned deal with Eutelsat Communications for the use of the Viasat-3 satellite.

Business Calendar for Week of April 9, 2018

Business events planned in the county for the week of April 9, 2018, and beyond.

PriceSmart Announces New CFO

Maarten Jager has been named PriceSmart CFO.

Carlsbad Medical Building Sold For $3.3M

Building is in Carlsbad Village.

Tease photo

Saffron Thai Expands to La Jolla

Saffron Thai’s La Jolla location is scheduled to open June at 1055 Torrey Pines Road.

Design Studios West Signs Morena Boulevard Lease

Company moving from La Jolla.

Tease photo

Solving the Pilot Shortage Starts at Small Airports

Boeing estimates that more than 600,000 new commercial airline pilots are needed in the next 20 years; Airbus points out that only 200,000 have been trained since the dawn of aviation. When you find an issue on which these two aviation titans agree, it’s worth paying attention.

Tease photo

97.3 Exposes Myth That There is No Bad Publicity

The importance of communications guidelines was forced into San Diego’s collective consciousness when a local shock jock recently tweeted an insensitive and tone-deaf meme featuring an image of the San Diego-Coronado Bridge with the text “JUMP … to a new morning show.” The social media post was meant to promote the launch of the host’s “Kevin Klein Live” morning show on San Diego’s newly reformatted 97.3 KEGY “The Machine.”

Tease photo

Mercy Ball Brings in $700,000 to Support Scripps’ Facilities

Scripps Mercy Hospital celebrated the institution’s three decades of lifesaving trauma care at the annual Mercy Ball recently at the The Pendry hotel in downtown San Diego. Nearly 500 supporters attended the sold-out event that raised $700,000 to benefit the Scripps Mercy San Diego Trauma Center patients on both campuses, including the purchase of cutting-edge technology for head and spine trauma surgery in Hillcrest and the remodel fund for Chula Vista’s Triage Center.

Tease photo

Cottages Will Take You on a Magical History Tour

It was a passion for preservation and a sense of place that created Heritage Place in La Jolla — a charming collection of three historic cottages in La Jolla’s Barber Tract neighborhood.

Tease photo

Lufthansa Flight Is Latest Lift in International Passengers at SAN

AIRPORT: Officials See Frankfurt as a Key Hub For European Travelers

San Diego International Airport has few changes in its international flight offerings: German airline Lufthansa Group began a direct Frankfurt to San Diego flight starting March 22. Edelweiss, Lufthansa’s Swiss subsidiary, resumed its direct service between San Diego to Zurich between April 2 and Nov. 12. And San Diego will lose nonstop service to Mexico City in mid-May.

Tease photo

Optimism Is Picking Up Steam on the Local Business Scene

ECONOMY: Low Interest Rates, Tax Reform Help Boost Confidence

San Diego businesses are feeling optimistic about the next six months, according to the San Diego Business Confidence Index. The spring 2018 results indicate a business confidence index (BCI) of 79 — that’s five points higher than the results of a similar survey taken in fall 2017.

Tease photo

Thursday, April 5

A Dining Model For Changing Tastes

FOOD: Passion, Place And Variety Serve Food Hall Operations

With the success of Liberty Public Market and three more food halls planned, San Diego is seeing an expansion of a nationwide trend that appeals to both consumers and the restaurant industry.

Tease photo

Cos. Need to Make Sure They Plug Potential Holes in Coverage

INSURANCE: Right Deductible, Choice of Counsel Can Be Important

Obtaining Employment Practices Liability Insurance (EPLI) is a strong base for any corporation as it pertains to protecting its investment, but experts want business owners to know that’s just the start.

Tease photo

Tandem Turnaround Focuses on Execution

BIOTECH: Partnership, Sales Boost Are Part of Positives

Tandem Diabetes Care believes the storm has passed.

Tease photo

U.S.-China Trade Dispute Comes at Bad Time For Qualcomm

Qualcomm Inc. looked almost like an arm of the government last month when President Donald Trump cited national security risk as his reason for halting the San Diego semiconductor company’s attempted takeover by Singapore-based Broadcom Corp.

Insurance in the Age of #MeToo

Just last fall, Kailey Rowan, owner of Hardcore Fitness North County in Vista, which has five employees and over 430 members, had no idea what Employment Practices Liability Insurance (EPLI) was. Consequently, she hadn’t imagined the risk she’d been taking as a small business owner not having it.

Tease photo

Cubic to Demonstrate Training Solutions

The Navy League’s Sea-Air-Space Exposition being held in National Harbor, Maryland, April 9-11, is the largest maritime exposition for the U.S. Navy, Marine Corps, Coast Guard and Merchant Marines.

Renovate America Sells off $90M of Benji Loans

It was the first sale for the company involving its unsecured lending product.

Rancho Bernardo Medical Building Sold For $37.1M

Kaiser Permanente is the anchor tenant. Photo courtesy of CoStar.

Tease photo

Wednesday, April 4

SDBJ INSIDER: Green Flash Sees Red Ink, Scales Back

The rapid rise and retreat of Green Flash Brewing would make a great case study on expansion.

Tease photo

Qualcomm Navigating Hazards of China Business

TECH: Politics, IP Disputes, Acquisition Muddle Dealings

Qualcomm Inc.’s footing in its most important market has gotten a little shakier lately as the Trump administration’s confrontation with China over intellectual property rights and national security threatens to disrupt two sets of negotiations vital to the company.

Tease photo

Program Aims to Create Detailed Picture of Need for Services

CIVIC: Information Exchange Efforts to Be Shared at Conference

An information exchange system that allows the San Diego region’s social service agencies to share data to better serve those in need will be showcased at an April conference.

Tease photo

Industrial Park’s Plan Is to Let Buyers Build Their Site

A $190 million industrial park is starting to take shape on a 311-acre site along the U.S.-Mexico border in Otay Mesa near a new border crossing that’s still in the planning stages.

Town and Country To Be ‘Back in Play,’ Boosting Mission Valley

TRAVEL: Hotel to Be Tourist, Eco and Business Friendly

A dramatic $80 million redevelopment of the hotel resort is set to begin construction in the third quarter of this year.

Tease photo

Viasat Opens New Office in Ireland

The company expects to create nearly 100 jobs in Ireland over the next few years.

San Diego Firm Buys Maryland Apartments For $302M

Apartments are within 13 miles of the nation's capital.

Tease photo

New Car Rental Service Comes to S.D.

Rental car service Silvercar expanded its service to San Diego April 2.

Company to Provide TSA Precheck at Liberty Station

IdentoGO will be enrolling travelers in TSA Precheck out of its mobile RV at Liberty Station starting April 9.

Tease photo

Australian Biotech Company to Relocate to San Diego

Imagion Biosystems Ltd.,'s new home will be on Science Center Drive.

Tuesday, April 3

SD 500 Update: Schubach Takes Flight From His Office Job

Henry Schubach was a true owner-operator as he built the region’s top local private aviation company. He piloted many flights of San Diego business leaders over 25 years as he grew Schubach Aviation from a single airplane to a fleet of 16 jets with worldwide operating authority.

Tease photo

Co. Embraces Trend of Making Old Buildings New Again

PROPERTY: Summit Pointe Delivers Desired Amenities in I-15 Corridor

When Newport National Corp. acquired the former home of HD Supply near Scripps Ranch and Sabre Springs for $31.3 million in 2016, the company set out to transform what had been a telephone call center and office suites into something special.

Tease photo

Turbocharging Electronic Health Records With AI

BIOTECH: Optum360’s System Covers All the Bases for Variety of Users

A San Diego offshoot is deploying artificial intelligence against a crushing administrative burden: electronic health records.

Tease photo

The Shoppes at Carlsbad Get Six New Tenants

The six new restaurants and retailers will begin arriving in May.

Green Flash Brewing Co. Sold

The news comes after Green Flash announced plans for consolidation.

Vista Hill Foundation Leases Midway District Space

Lease is for five years.

Tease photo

Monday, April 2

MaxLinear CFO Announces Resignation

The chip manufacturer has begun a nationwide search for replacement.

Carlsbad Industrial Building Sold For Nearly $38.3M

Building is leased to Acushnet Company.

Tease photo

ResMed Hires CTO

San Diego-based ResMed has hired Bobby Ghoshal as the company’s first chief technology officer.

Tease photo

Poway Industrial Building Sold For $44M

General Atomics will occupy most of the buildnig.

Tease photo

Sunday, April 1

Law Firm Launches Autonomous Vehicles Practice Group

Tyson & Mendes LLP launched the Autonomous Vehicles Liability Litigation practice group.

Business Calendar for Week of April 2, 2018

Business events planned for week of April 2, 2018, and beyond.

Otay Mesa Center Sold For $13.7M

Two-building complex is 95 percent leased.

Tease photo

Sharp HealthCare’s CEO to Retire

After 22 years as Sharp Healthcare’s CEO, Michael Murphy plans to retire February 2019.

College Construction Is Lesson in Sustainability

BUILD: Buildings Aim for Performance-Based Ranking

When Palomar College set out to replace eight small maintenance and operations buildings scattered around campus, school officials said they wanted something that would stand out as a model of energy and water conservation and meet other measurements of sustainability.

Tease photo

Post Broadcom, Qualcomm’s Challenges Still Have to Play Out

There are no guarantees in life or the markets, as the saying goes. And so it seems, for Qualcomm Inc., too.

It’s No Accident That Orion Is A Winner

Orion Construction Corp. of Vista has been honored by the Associated General Contractors of America (AGC) for having one of the nation’s best construction and wellness plans in 2017.

Use Choice and Competition to Cut Energy Prices

Each day at Old Harbor Distilling Co. I am presented with a new challenge: from hitting the road for sales around California to fermenting our next batch of single malt whisky or navy-strength rum or even blending the latest version of our collaborative coffee liqueur with Coffee & Tea Collective. Yet, one thing remains the same — my rising energy bill each month.

Tease photo

Foundation’s Gift to Help Improve Kids’ Reading Skills

The David C. Copley Foundation, formerly known as the Helen K. and James S. Copley Foundation, has awarded $12,000 to the San Diego Center for Children. The funding will allow the center to cover any expenses related to the Intensive Reading Improvement Program, including staff, materials and curriculum.

Tease photo

Home of the Month: Surf, Sand And Serenity

This modern beach house on the sand in Del Mar defines the California beach lifestyle. The entire facade of the two-story home is large panels of glass that frame the priceless view. No opportunity to revel in the broad expanse of white sand and the vastness of the sea was wasted on architectural features that might obscure the view. The warmth of the sun pours in by day; the moon glimmers on the water by night. Designed by local award-winning architects, Batter Kay Associates, the home is the consummate example of the creative use of space to enhance an environment.

Tease photo