Stories for July 2018

Tuesday, July 31

Paladion Provides Chance for Tenants to Spread Out Downtown

PROPERTY: A $30M Renovation Will Test Office Market Demand

A once-glitzy downtown mall that sported top-of-the-line shops like Gucci, Cartier and Tiffany & Co. — The Paladion — will be reborn, transformed by Bosa Development but as an upscale office project.

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Cibus’ Genetic Editing Aims to Outdo GMO

AG: Cuts Cost, Ups Speed While Avoiding Concerns

The alteration of one letter to another in a word can change its entire meaning.

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SD 500 Update: Port, Brigantine Cheer Construction At Portside Pier

Port of San Diego CEO Randa Coniglio and restaurateur Mike Morton Jr. were among those on hand last week to celebrate the groundbreaking of one of the high-profile redevelopments on the bay front.

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San Diego Next Top Business Leaders Under 40 Finalists Preview #3

San Diego Next Top Business Leaders Under 40 Finalist Preview

CUSTOM CONTENT: What to Consider When Creating a Sustainable Growth Plan for Your Construction Company

It’s important for owners both to initially consider and then continue assessing their company’s ideal size as the business environment changes.

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Q2: NuVasive Revenue Jumps 8.5%

San Diego medical device company NuVasive reported $281.6 million in second quarter earnings, an 8.5 percent year-over-year jump.

Shipyard Prepares for Layoffs

Huntington Ingalls Industries, which runs a U.S. Navy ship repair business in Barrio Logan, anticipates laying off 60 workers on Aug. 3, a spokeswoman said.

Qualcomm Launches Initial $10B Stock Buyback

Offer is the first in a planned repurchase program of up to $30 billion in shares.

Monday, July 30

San Diego Next Top Business Leaders Under 40 Finalists Preview #2

Preview of San Diego Next Top Business Leaders Under 40 Finalists

Omniome Raises $60M Round

San Diego-based Omniome, maker of a DNA sequencing platform, today announced a $60 million series B round.

San Diego Rises 3 Spots to No. 16 in Annual CBRE Tech Talent Report

Region's comparatively competitive wages and affordable living costs led to upward move in rankings.

Woodside Bows Out of Sempra’s Texas LNG Project

Australia-based Woodside Petroleum Ltd. will not pursue a partnership with Sempra Energy to develop Sempra’s liquefied natural gas (LNG) terminal in Port Arthur, Texas.

Changemaker Chats Brings Valuable Voices to the Conversation

Most of the attendees and panelists at business events and talks in San Diego are men.

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ResMed, Verily Look for Insight, Reach in Data

BIOTECH: Sleep Apnea Venture to Be 50/50 Partnership

One has the data. The other has the analytics.

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Illumina’s Q2 Revenue, Earnings Beat Expectations

Illumina in the second quarter reported revenue of $830 million, a 25 percent year-over-year increase.

Club Champion Opens Del Mar Store

'Our only goal is to find the best combination of components to help customers...'

La Jolla Playhouse Names Development Director

La Jolla Playhouse has named Julia B. Foster director of development.

Sunday, July 29

San Diego Next Top Business Leaders Under 40: Finalists Preview Debut

San Diego's Next Top Business Leaders Under 40: Business Leaders Preview

Port of San Diego Introduces New Sustainable Vehicles

The vehicles include new electricity-powered semi-trucks and forklifts

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Auto Sector Still Key Driver for Qualcomm

TECH: Stock Buyback Announced; NXP Deal a Casualty of Trade War

Qualcomm Inc. on July 25 abandoned its 21-month odyssey to acquire Dutch chipmaker NXP Semiconductors NV, racking up a $2 billion break-up fee and cutting ties with a company it had hoped would accelerate growth in its automotive and internet-of-things businesses.

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Liberty Call Distilling to Open Second Distillery in Barrio Logan

The restaurant will offer tapas via counter service and a full-service bar that will include Liberty Call’s single malt whiskey, bourbon, gin and white and spiced rum, as well as signature cocktails by head bartender Albert Allison.

Genesis Campus Point Refinanced With $149M Loan

HFF secured the loan

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Irish Drug Company Sublimity Opens Solana Beach Office

Sublimity Therapeutics, an Irish pharmaceutical in the realm of gastrointestinal and immunological diseases, has set up a Solana Beach office with six employees.

Business Events Calendar for Week of July 30, 2018

Event scheduled in San Diego County

Gossamer May Give S.D. Its Flagship Biotech

PHARMA: A $230M Funding Round, Strong Leaders Are Big Pluses

By going big, Gossamer Bio looks to break the mold.

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GroGuru Hires Investor for CEO Role

GroGuru, a tech company that makes software and systems to monitor soil conditions, announced July 23 that it had hired one of its investors and advisors to run the company.

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Full Funding of Workforce Development Is Vital

We all hear about the “skills gaps.” Gaps exist for many reasons. In the public workforce system, we are working tirelessly to overcome the disparity and to build skills that lead to great futures.

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Job Search Workshops Map Out Strategy for Veterans, Spouses

VetCTAP of JBS Transition Experts has reached an historic milestone. It recently conducted its 55th job search workshop series for transitioning military, veterans and spouses.

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Charter School Is Going to College

A downtown San Diego charter school has signed a 99-year lease with the San Diego Community College District to take over a former adult education center at 1400 Park Blvd., at the end of the City College campus.

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DARPA Taps Heavyweight Teams for Chip Innovation

Designing a microchip can take years. A team that includes UC San Diego and Qualcomm Inc. hopes to accomplish the feat in 24 hours, using computers and a new set of tools.

Shipbuilder Austal USA Is Beefing Up Its Local Presence

Shipbuilder Austal USA recently expanded its local presence, moving to a National City location that will eventually support more than 200 employees.

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TVC Capital Leads $7.2M Funding Round for HealthCrowd

San Diego-based growth equity firm TVC Capital recently led a $7.2 million round of funding for HealthCrowd, a San Mateo-based healthcare communications company.

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Thursday, July 26

BofI Federal Bank Reveals 'Material Acquisition' Nearing Close

Company anticipates deal to close in fewer than two weeks, in early August.

Qualcomm Stock Rises on $30B Buyback News, Earnings

Stock returns to price last seen in March ahead of proposed Broadcom acquisition bid.

IES Spinoff Targets Gig Economy

San Diego-based Innovative Employee Solutions announced on July 26 that it is spinning off a business called Fulcrum.

After Turmoil, Human Longevity Sharpens Focus on Commercialization

GENOMICS: Exec Says Co. Has Cash, Runway to Next Phase

New leadership at Human Longevity is seeking to emerge from a tumultuous period of executive exodus and workforce reduction through a bid to bring its genomics-based testing center to a wider market.

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Mesa Biotech Picks up $20M Series B Round

Molecular diagnostic company Mesa Biotech recently notched a $20 million series B round.

A Constellation Of Health Data

Health care: Diverse Mix of Cos. Driving Patient Access to Their Records

In a maturing digital health space with an urgent need to collect disparate data, think of Seqster as something of a data locker: Patients can find health records from past caregivers, genomics reports and data from wearables like Fitbit.

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Mission Fed Credit Union to Open 2nd Escondido Branch

Branch will be 31st operated locally by the credit union, which serves people who live, work and go to school in San Diego County.

Six-year Lease Signed For Otay Mesa Industrial Building

Building is in industrial park

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Doctors Join the Sharing Economy for Medical Office Space

PROPERTY: Arrangement Helps New Practitioners; Basic Supplies Provided

When a water pipe burst in their downtown San Diego medical office building, Pacific Medical Care had to find some place fast where they could see 40 to 50 patients a day.

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Wednesday, July 25

Retail Centers Continue Their High-End Makeovers

San Diego County retail centers continue to expand despite conventional wisdom that says retail is hurting as shoppers turn to their computers instead of taking a trip to the store.

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Company’s Lighting System Can Pinch Hit for the Sun

For generations, people lived according to the sun. It rose, and so did we; it sank, and we slept.

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SD 500: Komadina Will Lead CBRE’s Operation Throughout Arizona

Paul Komadina has been tapped to lead CBRE’s operations in Arizona. Komadina, who was born and raised in Phoenix, will be senior managing director.

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House Votes to Repeal Medical Device Tax

The House voted July 24 to repeal a 2.3 percent excise tax on medical device makers, welcome news to San Diego’s consortium of medical device companies, including NuVasive and ResMed.

Zavante Therapeutics Acquired

Nabriva Therapeutics has acquired San Diego-based Zavante Therapeutics, known for an antibiotic to fight infections picked up in hospitals.

Rancho Bernardo Office Space Leased to NextLevel, Inc.

Details of lease undisclosed

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Stymied By Trade Tensions, Qualcomm to End $44B NXP Acquisition Effort

CEO Steve Mollenkopf also said the company would make up to $30 billion in stock buybacks.

Qualcomm Unveils 5G Electronics, Claims Big Strides

Qualcomm Inc. said it has developed specialized miniature electronics for fifth-generation (or 5G) wireless mobile devices, tackling sizable engineering challenges along the way.

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National City Parcels Sold For $2.4M

Site was used as a banquet hall

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One Medical Expands to San Diego

One Medical, an independently held primary care practice, will open three new offices in San Diego in early 2019.

Chelsea Investment Bought East Village Site For $4.5M

Affordable housing planned for site.

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Brixton Capital Signed Las Vegas Lease Deals

Sprouts and Del Taco come to Rainbow Plaza.

Tuesday, July 24

National University System to Acquire Northcentral U.

EDUCATION: High Demand Programs Fit National’s Expansion Plans

The National University System announced plans July 17 to acquire Northcentral University, a fully online university specializing in master’s and doctoral degrees.

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SDBJ INSIDER: Gambling App Rides to Rescue Of Horse Racing

When we last checked in with Fantasy Sports Co. in Carlsbad, they had been named a “cool company” by the San Diego Venture Group, were a finalist in the region’s largest quick pitch competition and had raised $450,000 from Howard Lindzon’s local super angel venture fund Social Leverage.

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VC Dollars Flowed Locally and Nationally in Q2

INVESTMENT: Backing Of Health Care Cos. Is Good News for S.D.

Early-stage companies in San Diego had a successful second quarter for fundraising, taking in more or nearly more investment dollars than local companies have ever before, depending on the data source.

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Agtech Startup GroGuru Elevates Investor, Advisor to CEO

Cofounder Farooq Anjum remains as chief technology officer.

Cubic Acquires Aircraft Builder’s Assets

Cubic Corp. has acquired an unmanned aircraft builder.

Westcore Properties Buys Rialto Building For $11.4M

Company plans $1.5 million in improvements

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San Marcos Apartment Complex Sold For $3.9M

Complex has 20 units.

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Little Italy Apartment Building Sold For Nearly $21.3M

Complex is six years old.

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Monday, July 23

Developer Confident in Demand for Ultraluxury

PROPERTY: Bankers Hill Seen as Prime Spot for Projects

Bankers Hill is getting a new luxury condominium project, The Park, in which most of the condos have their own elevators.

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Jewish Federation of San Diego County Names New CEO

Organization raised nearly $6.3 million in 2017.

Human Longevity Lawsuit Alleges Venter Took Trade Secrets

Human Longevity, or HLI, has accused the former CEO and noted geneticist, J. Craig Venter, of stealing trade secrets.

One Ring Acquires Skyriver Communications

Atlanta-based One Ring Networks has acquired Skyriver Communications, a San Diego company which uses fixed wireless technology to deliver high-speed communications services.

ChuckAlek Independent Brewers to Close

According to westcoastersd.com, the reason for the closure is partly because the husband and wife owners are moving to Denver for career opportunities.

UAV’s Transatlantic Flight Still Has Gas, Gear for a UK Tour

It was a first: a remotely piloted aircraft from General Atomics Aeronautical Systems Inc. crossed the Atlantic solo in mid-July.

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Gossamer Bio Snags $230M, Names New CEO

Gossamer Bio’s war chest just got a whole lot bigger.

COMMENTARY: Stormwater Compliance Is Untapped Opportunity

San Diego has been working hard to increase alternative water sources through recycling projects, like Pure Water.

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Sunday, July 22

Greenhaus Lands Contract with Visit Santa Barbara

Greenhaus will oversee all marketing initiatives to help boost the Central California town's presence as a top travel destination.

Jerome’s Furniture Opens First Orange County Mattress Store

The company's first Dream Shop in Brea marks its sixth mattress store.

Viasat Rolls Out Wi-Fi on European, Mediterranean Airlines

Viasat Inc. (Nasdaq: VSAT) announced in mid-July that two airlines had launched its high-speed in-flight Wi-Fi service.

High Bluff Capital Partners Acquires Quiznos, Taco Del Mar

Local firm focuses on making investments in consumer-facing companies.

Co.’s Retail System for Cannabis Just in Time for a Hot Market

SOFTWARE: System Aims to Meet Regulatory, And Commercial Demands

Selling a previously illegal substance may give the cannabis industry a sexier sheen than, say, selling widgets.

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Petco Opens First PetCoach Pet Care Store

The new brick and mortar offering comes to San Marcos, bringing to life Petco’s previous online-only veterinary-led system.

Suneva Medical Names Chief Operating Officer

Suneva Medical Inc. has promoted Patricia Altavilla to chief operating officer.

Picking Winners

AG: Flower Co. Uses Self Sustainability, Tech to Grow

When the 2007 firestorms hit San Diego — a 27-day ordeal that killed 10 people, destroyed 1,738 homes and scorched more than 350,000 acres of land – Kendall Farms LP was almost completely wiped out as nearly 80 percent of its nursery perished due to the Santa Ana winds-fueled flames.

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Analytics Ventures Forms Advisory Board Led By Turtle Beach CEO

Fund looks to form and foster startups that use AI as a core technology and differentiator.

Business Events Calendar for Week of July 23, 2018

Some of the events planned in the county

Co.’s Retail System for Cannabis Just in Time for a Hot Market

SOFTWARE: System Aims to Meet Regulatory, And Commercial Demands

Selling a previously illegal substance may give the cannabis industry a sexier sheen than, say, selling widgets.

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Help is Here For Early-Stage Cos. Who Apply Themselves

A number of organizations are seeking early-stage companies to recognize or provide with resources to further their entrepreneurial efforts.

A Tip of the Toque to All Chefs at Meals on Wheels Challenge

Meals on Wheels San Diego County recently held its “Over the Rainbow” Ball & 9th Annual Chef Appetizer Challenge at the Sheraton Harbor Island.

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One Oak Offers Some Top Spots for Taking In the Scenery

The drive along Lone Jack Road in Encinitas on the way to “One Oak,” a new home development by Shea Homes San Diego, has the feel of a pleasant Sunday drive in the country. The gently winding road is lined white split-rail fencing, towering trees and horses grazing in corrals among outstanding custom estate homes on large tracts of land.

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San Diego Part of FAA Pilot Program Exploring Drone Use

AVIATION: Five Areas in Region Tapped for Tests; Flights Include Cross-Border

It’s a scenario repeated often in San Diego: a technician needs to send a vial of blood from the clinic where it was drawn to the lab for study.

Drones Play Missile Part in War Games

Kratos Defense & Security Solutions Inc. said on July 17 that the U.S. Navy plans to award it contracts for up to 60 BQM-177A surface-launched aerial targets.

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Friday, July 20

Ra Medical Readies IPO Worth up to $86.25M

Medical device company Ra Medical recently filed paperwork for an initial public offering worth up to $86.25 million.

Thursday, July 19

CalPrivate Bank Spends on New Hires to Take Advantage of Industry M&A

Net income fell 24 percent quarter-over-quarter as expenses rose.

Seacoast Commerce Bank Reports $3.3M in Net Income in Q2

Seacoast also reported its specialty core deposits rose 11.7 percent in the second quarter.

Energy Secretary Tours General Atomics

U.S. Secretary of Energy Rick Perry toured General Atomics facilities in San Diego and Poway on July 18, the company announced.

Kratos Gets Target Drone Work

Kratos Defense & Security Solutions Inc. announced on July 19 that it received a U.S. Air Force contract covering three lots of its BQM-167A high-performance, jet-powered unmanned aerial target drone systems.

Scripps Expands Express Walk-in Clinics

Scripps Health in the coming months will have a dozen new walk-in clinics – offering services like flu care, vaccinations, point-of-care testing and exams.

Other Blood Testing Cos. Avoid Taint of Theranos

DEVICES: Scandal Brings Welcome Scrutiny to Sector

Genalyte can run tests on drops of blood, often delivering results in only 15 minutes. The goal? Disrupt lab testing. This may sound familiar — and not in a good way.

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Management Co. Guides Gamers in Business Arena

SERVICE: Analytics Used To Structure Streamers’ Pricing Models

A management agency based in Point Loma represents more than 40 people who play video games on the Amazon-owned platform Twitch while fans watch.

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Bay Area VC With San Diego Connection To Keynote SDVG’s Flagship Event

The San Diego Venture Group said US Venture Partners (UCVP) partner Dafina Toncheva will keynote its Venture Summit event Aug. 16.

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Office Tenants Find Safety in Renewals

With office space at a premium in San Diego and rental rates rising, many companies are eager to renew their leases.

Dorsett Named Partner at Polito Eppich

Polito Eppich Associates LLP has named Jessica Dorsett as a partner.

Wednesday, July 18

Millennials Help Downtown Dominate the Apartment Scene

This may come as no surprise to anyone who’s driven through downtown San Diego and seen all the construction cranes, but more new apartments are being built downtown than anywhere else in San Diego County, according to Apartments.com, an apartment listing company.

Tandem and Heron Lead Local Life Science Stock Gains

On average, stocks of public life sciences companies in San Diego gained 12 percent during the second quarter, lifted in large part by a diabetes pump maker.

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Bag Co. Cashes in on Form, Function and Social Media Strategy

RETAIL: Sash Sold 30,000 Last year; It’s Currently Expanding Manufacturing

Eight years ago, Nichole MacDonald, founder and chief bag lady of San Diego-based Sash Group Inc., found herself homeless with her then 5-year-old son after her recycled, eco-friendly bag business, Bagonia, failed to get off the ground.

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COMMENTARY: Time Is Now to Address Pay Inequity for Women

The latest jobs report from the Bureau of Labor Statistics showed the U.S. economy creating nearly 30,000 more jobs than economists had predicted, the 91st consecutive month of job growth.

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Cohu Makes Its Move to Buy Xcerra After China Blocked

TECH: Deal Could Close By Year-End; Müller Expected to Remain CEO

The leaders of Poway-based Cohu Inc. saw opportunity when U.S. regulators blocked a Chinese company from acquiring a competitor.

Ashford University Takes Step Toward Merger

Ashford University received permission from the WASC Senior College and University Commission (WSCUC) to merge with its sister institution, the University of the Rockies.

Pirch Names New CEO

Steve Smith to lead the company

Tuesday, July 17

Thoene Takes CEO’s Job at AIS

AIS Technology Services named Matt Thoene as CEO in early July.

San Diego Int'l Airport Recognized as 'Most Innovative'

Programs that led to award promote the environment and innovation, according to the San Diego County Regional Airport Authority.

Tiled Seed Round Raises $1.5M

A San Diego software startup that bills its content platform as a rival to presentation program PowerPoint has raised a $1.5 million seed round from a Utah-based venture capital firm.

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SD 500: Mission Federal CEO Continues National Role

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

Debra Schwartz, president and CEO of Mission Federal Credit Union, has been re-elected to the board of the National Association of Federally-Insured Credit Unions for a third three-year term.

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New Cali Bamboo CEO Wants to Keep Growing

RETAIL: He Says He Might Have Platform for $1B Company

You can call bamboo wood or you can call it grass. Cali Bamboo continues to grow like the latter.

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Q2 Life Sciences Investment Hits Record $427.5M

FINANCE: Ansun Led the Way With $85M Series A

Investment in San Diego-based life sciences companies hit a record high $427.5 million in the second quarter of 2018, according to a July CBRE Group Inc. report.

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Carlsbad Land Sold For Nearly $4.3M

Property zoned for residential development

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Aldi Grocery Chain Leases Mira Mesa Store

Site was a Fresh & Easy store

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Women in Construction Demolish Stereotypes at Work

BUILDING: Diverse Roles Are Offered in High Demand Sector

Theresa DeMarco has worked as a structural steel welder, ran her own construction company and is a project manager for Emmerson Construction in San Diego.

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Monday, July 16

OncoSec Appoints New COO/CFO

Sara M. Bonstein has been named the new chief operating officer and chief financial officer of San Diego-based OncoSec Medical.

Work & Progress

Construction Co.’s Culture Creates Value Proposition for Clients and Employees

In an industry that has failed to attract women in significant numbers, Johnson & Jennings General Contracting stands out.

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SDBJ INSIDER: Space Warfare At Convention Centers In Calif.

Comic-Con’s invasion of San Diego for the 49th time this week will essentially kick off the public campaign to expand the San Diego Convention Center by more than 300,000 square feet at a cost of about $685 million.

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EvoNexus Adds 6 Execs to Board of Directors

EvoNexus, the startup incubator with an office in La Jolla, recently announced the addition of six executives to its board of directors.

Compostable Cutlery Aims to Serve Diners and the Environment

DINING: Co. to Open Local Plant; Pricing May Be Challenge

It wasn’t until March of this year, after introducing his creation at the Natural Products Expo West, a natural, organic and healthy goods event in Anaheim, that Zhicong “Zack” Kong, CEO and founder of TwentyFifty Fork, a compostable cutlery company, decided to speed up plans to begin mass manufacturing his natural grain-based fork.

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Kratos Announces Foreign Task Orders, Contract Win

Kratos Defense & Security Solutions Inc. announced the receipt of multiple contracts on July 16.

Escondido Office/Industrial Building Sold For Nearly $4.9M

Building includes creative office space.

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Carlsbad-Based TC Technology Acquired By SSP Innovations

TCT president Jason Linley becomes SSP's director of mobile product management.

Irras Device Wins FDA Approval

Irras Ab, which is legally headquartered in Stockholm but with the bulk of operations in La Jolla, won U.S. Food and Drug Administration approval for its flagship device that reduces the chances of infection while helping doctors lessen pressure at the site of trauma.

Sunday, July 15

Human Longevity Names Interim CEO

David Karow was recently named CEO of Human Longevity, which comes after Craig Venter announced his retirement from the role on May 24.

Chula Vista Industrial Building Sold For $2.2M

Building is on a one-acre site.

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Carlsbad-Based Specialized Food Distributor Good Source Solutions Acquired

Acquired company generates more than $200 million in annual revenue from customers including educational, correctional and healthcare facilities.

NASSCO Dry Dock Floods Unexpectedly

Workers at the General Dynamics NASSCO shipyard are cleaning up after one of its dry docks flooded unexpectedly on July 11.

Del Mar Mixed Use Project Sold For $27.5M

Renovations planned for Polo Plaza.

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Business Events Calendar for Week of July 16, 2018

Business events scheduled in the county.

Tackling Disconnection Must Be a Communitywide Imperative

The San Diego Workforce Partnership recently launched OpportunitySD, a movement to dramatically reduce the number of opportunity youth — young adults ages 16-24 who are neither in school nor working — in the region.

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Thursday, July 12

When Banks Just Say No To Marijuana Companies

BANKING: Finance Solutions Offered for Current Cash Business

Armored vehicles. Vaults. Talk of cryptocurrency. These are realities for San Diego marijuana businesses like Outco that are unable to obtain bank accounts.

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Port of S.D. Launches Liner Service Partnership with G2 Ocean

The three-year contract with G2 is the biggest the port has landed in years and will bring an estimated $600,000 in revenue annually for the San Diego Unified Port District.

Kieran Gallahue Joins Arena Pharmaceuticals’ Board

Life sciences veteran Kieran Gallahue was named to Arena Pharmaceuticals’ board of directors.

Synteract Buys Cu-Tech

San Diego-based Synteract has acquired Cu-Tech, and has established a center for dermatology development, with the aim of being a big player in dermatology clinical trials.

Qualcomm to Pay 62 Cents Per Share Cash Dividend

Quarterly dividends were boosted 9 percent as of midyear.

WD-40 Reports Record Results

WD-40 Co. reported record high sales and earnings results for its third quarter, which ended May 31.

S.D. Firm Arranges Financing For Oregon Student Housing Project

Project serves the University of Oregon in Eugene.

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Wednesday, July 11

Developer Creates Model for Delivering Affordable Homes

HOUSING: Co. Controls All Costs, Taps Community Spirit for Projects

Building affordable, middle-wage homes in San Diego’s pricey real estate market takes patience, tenacity, and a commitment to improving the community.

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No Middle Ground in Multifamily

Middle-Wage Earners at the Mercy of A Continued Strong Market As Developers Mostly Deliver More High-End Units

Low vacancy rates are keeping the San Diego region’s multifamily market strong for real estate investors, but builders warn that not enough middle-wage units are being built to keep pace with population growth.

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Tealium Reaching Out to Help Early-Stage Startups Analyze Data

STARTUPS: Mentoring, Services, Access to CDP Included in Free Program

La Jolla-based Tealium, which makes software for enterprises to use to analyze data, is launching a program to help out local startups with free services, mentoring and access to some of its investors and customers.

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Pechanga Resort & Casino Using Robots for Security

The casino resort has a staff of 300 security personnel, but the robots, manufactured by Mountain View-based Knightscope, are an added security measure.

Kratos Delivers First Production Drone to U.S. Navy

Kratos Defense & Security Solutions Inc. delivered the first production BQM-177A subsonic aerial target system to its U.S. Navy customer early this week.

ResMed, Alphabet Subsidiary Partner on New Venture

San Diego-based ResMed and Verily, a subsidiary of Google parent company Alphabet, have formed a new venture to develop software for identifying, diagnosing and treating sleep apnea and other breathing disorders.

S.D. Brokers Arrange $18.3M Loan For Arizona Project

Chandler project has 116 units.

BrainLeap Technologies Gets $225K Grant to Develop Attention Training Games

BrainLeap cofounders, UCSD neuroscientists, aim to turn research discoveries into effective treatments.

Temecula Land Sale Brokered By Firm's North County Office

Property covers nearly 21.6 acres.

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S.D. Firm Buys Chicago Retail Space For $16M

Retail space is in a 35-story building.

Tuesday, July 10

Carlsbad Chamber of Commerce CEO to Retire

Owen joined the business advocacy organization as its head in 2004.

La Mesa Senior Complex Is Part of $382M portfolio sale

The Montera was one of nine projects included in the sale

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National Avenue Apartments Sold For $2.7M

Complex has 15 apartments.

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Sempra Announces Stock Offerings

Sempra Energy announced July 10 that it plans public offerings of $1.1 billion of common stock as well as $500 million of mandatory convertible preferred stock.

Reshaping Old Town’s Office Inventory

When Adam “Ace” Moyer was looking for a new location for the Knockaround sunglasses company he formed in 2005, he found it in what had been a worn-out office building in San Diego’s Old Town.

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Edge Fattens Cryptocurrency Wallet

Companies that focus on cryptocurrency have been on a roller coaster in recent years with major fluctuations in the price of the most popular iterations of digital money, such as Bitcoin and Ethereum.

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Co. Takes Encryption Route to Protect Device Data

BIOTECH: To Spot Problems, Medcrypt Monitors Metadata

In 2016, a medical device crashed during heart surgery after misconfigured antivirus software opened.

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Agtech Startup GroGuru Gets $250K in Pitch Competition

Competition provided investment capital to two early-stage agtech companies.

Crinetics Pharmaceuticals Prepares $80M IPO

San Diego-based Crinetics Pharmaceuticals laid out terms for a planned initial public offering in paperwork filed July 9.

Kensington Center Sold For $5.5 million

Center has a mix of retail and apartments.

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SD 500 UPDATE: Terry Moore Sets Sail With MVP Fund III

Terry Moore and Moore Venture Partners have launched their third fund.

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Monday, July 9

Mission Fed CEO Re-elected to NAFCU Board

Organization lobbies on behalf of credit unions on federal issues.

Tax Credits Approved For 3 San Diego Cos.

Startups: More than $1.2M promised for Future Milestones

One of the largest of 29 grants recently awarded through the California Competes Tax Credit program to companies statewide is slated to be received by Urban Translations, a local startup that creates digital menus for businesses in the hospitality industry.

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Building Up the East Village Vibe

PROPERTY: Colorful Apartments Get Noticed

Shift — the latest addition in downtown high rise apartment towers — was meant to stand out.

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COMMENTARY: City Owes Due Diligence in Deciding STVR Issue

On July 16, the San Diego City Council will consider the mayor’s proposal to amend the municipal code to allow short term vacation rentals (STVR) in residential zones without any enforceable limitation in number or location.

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Brain, Savioke Team For Robot Evolution

TECH: Brain Takes Funding Role, Seeks to Broaden Reach

Startups generally seek funding, not provide it.

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Sempra to Develop Gas, Diesel Terminal at Mexican Port

A Sempra Energy subsidiary received a 20-year contract from a port in Sinaloa, Mexico, to build and operate a fuel terminal.

Sunday, July 8

Nortek Security & Control Unites Local Workforce at New Corporate HQ

Maker of smart, connected devices and systems employs more than 270 people in Carlsbad.

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Endeavor Bank Shares Begin Trading on OTC Market

First new bank to open in the county in 10 years launched in January with more than $26 million in initial capital.

Sempra Evaluating Its South American Assets

UTILITY: Financials Are Focus As Activists Demand Change

The board of San Diego-based Sempra Energy is evaluating the company’s future in South America, and will make its plans public as soon as February or March.

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PriceSmart Third-Quarter Revenue Climbs 7 Percent

PriceSmart Inc., the San Diego corporation which operates membership warehouse stores in Latin America and the Caribbean, reported third quarter net income of $18.7 million on total revenue of $782.2 million.

SDBJ INSIDER: Startup Ecosystem Growing But Longs For Power Hitters

It was quintessential North County, with a small group of stakeholders in a coworking/coliving space in Encinitas, overlooking the Pacific Ocean, contemplating how the county’s geographic diversity fits into its startup ecosystem.

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Viasat Leases Capacity on Avanti Satellite

Viasat Inc. signed a $10 million contract with London-based Avanti Communications Group PLC for capacity on Avanti’s HYLAS 4 satellite, launched in early May.

Business Calendar for Week of July 9, 2018

Business events scheduled in San Diego County

Stunning Home Takes You on Tour of Architect’s Imagination

The seaside village of La Jolla has many charms, among them a diversity of eclectic neighborhoods, each with their own personality. One of those neighborhoods is the exclusive Country Club Estates, with sea view homes that rise dramatically, stacked street by street, from Torrey Pines Road.

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Australia Planning to Buy Six Northrop Grumman Tritons

AIRCRAFT: Surveillance Drones Deal Reportedly Worth $5.1 Billion

Australia plans to buy six Triton high-altitude surveillance aircraft made by Northrop Grumman Corp. in a deal that reportedly could be worth as much as $5.1 billion.

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Festival Raises Money, Salutes Surgical Teams’ Missions of Mercy

The Scripps 7th Annual M.O.S.T. Mariachi Festival was held recently at Humphreys Concerts by the Bay.

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Thursday, July 5

EvoNexus Adds 6 Execs to Board of Directors

Nonprofit organization board expands to 40 people.

SD 500 Update: Exiting Leaders Have Startup Plans

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

Builders Try to Get Handle on Effects of Tariffs, Material Costs

As predicted, tariffs imposed on steel and aluminum imports from Canada, Mexico and the European Union are bedeviling San Diego contractors and developers.

Life Sciences Add Tech Talent to Most Wanted List

WORKFORCE: Sector Stresses Opportunities to Job Candidates, Students

It’s an employment intersection that’s only growing more pronounced.

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New Eatery Isn’t Just in Encinitas, It Is Part of Encinitas

DINING: Local Flavors, Local Art and the Locals Are All Part of Biz Plan

Founder and CEO of the real estate, hospitality and lifestyle company, American National Investments (ANI), Gina Champion-Cain, continues to invigorate the food and beverage landscape of San Diego, this time opening a new restaurant in Encinitas as part of ANI’s The Patio Group division.

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Mark Hagan Hired as AMN Healthcare’s Chief Information Officer

San Diego staffing company AMN Healthcare has brought Mark Hagan on board as chief information officer.

Fruitful Selling Points

Eateries Adopt ‘Superfood’ Products and Labels as More Consumer Preferences Head Toward Healthy

For Everbowl founder, Jeff Fenster, who started the company in 2016 and now has 10 locations in San Diego and Riverside counties, using the word “superfoods” isn’t to get consumers to believe superfoods are new to the market nor that they can cure or keep a person immune from diseases.

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Fit4Mom Expands Through Some Key Developmental Stages

FITNESS: From Informal Start, It Moves to Franchising, Studios, and Digital Programs

For Lisa Druxman, chief founding mom of Fit4mom (formerly known as “Stroller Strides”), the San Diego-based company which provides fitness for every stage of motherhood, launching the business 17 years ago came from pure necessity.

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Northrop Grumman Gets $97M Signal Jammer Contract

The U.S. Navy awarded Northrop Grumman Corp. a $96.5 million contract for radio signal jammers designed to foil improvised explosive devices (IEDs).

San Diego Firm Buys Seattle-Tacoma Area Apartments

Complex bought for $18 million.

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Wednesday, July 4

Smaller Drone Cos. Look for Niche in Market

AIRCRAFT: Beyond Military Use, Businesses Have to Get Creative

The riddle of the drone has San Diego companies captivated. While it is one thing to build a working piece of technology, the real puzzle may be how to build a sustainable small business around it.

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Sempra Announces Sale of Renewables As ‘the First Phase’

ENERGY: Activist Investors Push Greater Simplification of Co.

Sempra Energy plans to sell its solar and wind energy generation businesses, as well as two natural gas storage facilities in the southeastern United States.

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Zodiac Completes Merger With Fluidra

Spain-based Fluidra S.A. closed its merger with Vista-based Zodiac Pool Solutions, Fluidra announced on July 2.

SDBJ INSIDER: San Diego Cos. Make Gains in Russell Rebalance

With only two companies in the Fortune 500, San Diego is not a big corporate headquarters region. That’s unlikely to change given land and employee costs and, of course, our regulatory pals in Sacramento.

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SimpleForms Inks Integration Deal With Intuit's Quickbooks

Startup company, founded by CEO Emily Rotolo, simplifies employment documentation for new hires.

Former El Cajon Police Station Sold For $4.2 million

Site will become a retail center and hotel.

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Beacon Discovery Expands, Partners with Escient Pharmaceuticals

San Diego-based Beacon Discovery has added square footage and employees following partnership deals.

Todd Nelson hired as CEO of SGI-DNA

San Diego’s SGI-DNA, a spinout of Synthetic Genomics, has named life sciences veteran Todd Nelson as CEO.

GreatCall Moves to New Office

Company expands but stays in Pacific Plaza

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Monday, July 2

Co. Readies Finances For Commercialization

PHARMA: Heron’s Anesthetic Aims to Reduce Opioid Use

Heron Therapeutics is now turning its attention toward commercialization of its postoperative anesthetic, riding a regulatory environment that appears to be itching for opioid alternatives.

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Embracing Risk and Reward of Real Estate

LEADERSHIP: COO Built Her Career From the Ground Up

Mary Pampuch, the new chief operating officer of Lankford & Associates, once wanted to be an actress.

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More Than $1.2M in Tax Credits Approved For 3 Growing San Diego Cos.

GO-Biz tax credit program aims to encourage companies to hire employees and invest in California.

Scripps Ranch Industrial Buildings Sold In Package Deal

Buildings share a corner lot.

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Adamis’ Stock Rises on Commercialization Deal

San Diego-based Adamis Pharmaceuticals, which makes an allergy syringe, has signed over commercial rights to a division of Novartis.

RF Industries’ Dawson Gets Board Seat

RF Industries Ltd. has named Robert Dawson to its board of directors.

Downtown Retail Building Sold For Nearly $2.6M

Building was former market.

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Carlsbad Firm Buys Colorado Apartments For $12.4M

Project provides affordable housing.

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Sunday, July 1

McCain to Supply Los Angeles With Traffic Signal Electronics

A North County company, Vista-based McCain Inc., won a contract to supply as many as 1,500 traffic signal control cabinets to the city that is practically synonymous with the automobile.

GA-ASI Plans Transatlantic Flight

Ninety-one years after Charles Lindbergh did it, General Atomics Aeronautical Systems Inc. plans to cross the Atlantic. Only this time, the aircraft will be unmanned.

Quick Pitch Competition Gains Cox Business as Backer, Raises Cash Prize to $75,000

Company joins Tech Coast Angels and the San Diego Venture Group in hosting the contest for startups.

Brain Corp. Makes Strategic Investment into Robotics Company Savioke

Savioke will license BrainOS, the San Diego company's software platform for streamlining development, deployment and management of robots.

COMMENTARY: Ruling Doesn’t End Fight to Ease Wage Inequality

The U.S. Supreme Court last week delivered a decision in Janus v AFSCME that is as unjust as it was expected.

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Being Public Can Put Cos. in Tough Spotlight

ECONOMY: Troubles Include Activist Investors, Short Sellers

Public companies don’t get to lock the door. At any time, a company can find unwelcome visitors in the form of short sellers betting on a company’s fall or activist investors arriving with plans for how things should be — or more precisely how they need to be.

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DJO Works Its Way Back to Better Health

DEVICES: Multipronged Plan Improves Earnings Trajectory

DJO Global CEO Brady Shirley likened the company’s business transformation plan to a knee surgery: short-term pain for long-term gain.

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Business Calendar for Week of July 2, 2018

Business events scheduled in the county

San Diego Sees One IPO in First Half of 2018

Increasing geopolitical uncertainty leading to volatile public markets likely kept some companies from pursuing an initial public offering in the first half of 2018.

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Baldwin Builds $10 Million Dormitory at Training Center

Baldwin & Sons has completed construction of a $10 million dormitory at the 155-acre Chula Vista Elite Training Center.

Lease Gives Law School Right Environment for New Approach

Thomas Jefferson School of Law has signed a long-term lease for two full floors of space in the 24-story office tower at 701 B St.

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Connection, Change Were Celebrated and Served at Gathering

The San Diego Women’s Foundation held its 18th Annual Grants Celebration Building Bridges: Connecting Women, Creating Change recently. More than 200 people gathered at the Cygnet Theatre to celebrate the power of women in united philanthropy.

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Center Peace

Home of the Month

This home in the 14-story Park Laurel condominium tower is directly across the street from San Diego’s cherished Balboa Park and minutes from downtown. It is firmly in the center of a dynamic urban setting, yet, at the same time, a world away.

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CUSTOM CONTENT: Navigating SOX Compliance: What You Need to Know for Your Growing Business

While fast-growing companies might be lured by shortcuts, cutting corners can often have devastating effects in a heavily regulated market. Not fully addressing compliance requirements under the Sarbanes-Oxley Act of 2002, commonly known as SOX, is one shortcut that can lead to errors in financial statements and corporate disclosures—devaluing stock price and damaging investor confidence.

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