Stories for March 2018

Tuesday, March 20

Deal Gives Vividion Small Molecule War Chest

BIOTECH: Co. to Take on Previously ‘Undruggable’ Proteins

Even by startup standards, Vividion Therapeutics CEO Diego Miralles makes bold claims. He said the venture marks a “once-in-a-generation opportunity” to build a transformative company in San Diego.

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Bridgepoint Splits with Schools to Pursue OPM

EDUCATION: Universities To Be Nonprofits; Co. to Offer Management Services

Bridgepoint Education Inc. (NYSE: BPI) is taking a step back from its role as a higher education provider to become an Online Program Management (OPM) company, helping colleges and universities adapt to emerging technologies and other changes.

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Qualcomm’s $100 Question

Co. Faces Many Challenges to Boost Languishing Stock Price, Fulfill Pledge to Stockholders

The San Diego chipmaking giant is preparing to face shareholders at its previously postponed annual shareholders meeting, scheduled for March 23.

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Design Institute of San Diego Awarded WSCUC Accreditation

WSCUC accreditation is recognized by the U.S. Department of Education and makes a school eligible for federal funding.

San Diego Brokers Sold Temecula Property For $10.6M

Medical building is 95 percent occupied.

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Oceanside Shopping Center Sold For $41.7M

Del Oro Marketplace includes former Fresh & Easy.

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Sudberry Properties Adds Executives

William Mayer and John Bogucki join Sudberry Properties

Human Longevity Taps Scott Sorensen as CTO

San Diego’s Human Longevity, Inc. has named Scott Sorensen chief technology officer as the company brings its genomics and health program to more locations globally.

Monday, March 19

SD 500 Update: Retiring Types & Bragging Rights

Sempra Energy CEO Debra Reed becomes the fifth member of the SD 500 in 2018 to choose retirement. Her successor, current Sempra CFO and EVP Jeffrey Martin, also is in the SD 500.

Creating A New Dynamic in Dining

DINING: Kitchen Staff’s Fresh Role Chef-to-Table Concept

A new Italian restaurant, Maestoso, has begun offering a unique dining experience: chefs will both cook and serve guests their meals, a concept called “chef-to-table.”

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Reed’s Retirement Puts Spotlight on Diversity

WORKFORCE: Sempra CEO Was Role Model and Mentor

Word this month that Debra Reed will soon retire as president and CEO of Sempra Energy is being received by local business leaders as good or not depending on how they view progress toward gender diversity in the top echelons of corporate leadership.

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Heron Therapeutics’ Stock Rises on Data for Opioid Alternative Anesthetic

A Heron Therapeutics postoperative pain anesthetic billed as an alternative to opioids achieved positive late-stage trial results, boosting the San Diego company’s stock.

Goodwill Industries of San Diego Gets New CEO

Toni Giffin has been chosen as the new chief executive officer and president of Goodwill Industries of San Diego County.

Kratos System Approved for International Marketing

Kratos’ Mako is an unmanned aircraft that carries and operates weapons and advanced sensor systems.

Best Real Estate Deals Finalists Announced

Finalists and winners in 16 categories will be recognized at a special networking and awards program April 18 at The Westin Gaslamp Quarter.

Kimberly Herrell Appointed Schubach Aviation President

Former vice president promoted to top spot.

Solana Beach Building Sold For $2.4M

Building combines retail/office and apartments.

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Sunday, March 18

Phenix Salon Suites, Encinitas-Based Franchise, Gets PE Investment

The salon suite franchise, which provides individual stylists with individual suites, has more than 200 locations - but plans to grow to 1,000 sites in the next five years.

Business Calendar for Week of March 19, 2018

Business events planned in the county for the week of March 19, 2018, and beyond.

San Diego International Airport Launches Retail Delivery Service to Gate

AtYourGate allows passengers the ability to order food or retail items via mobile devices to be delivered at their gate.

Twist Bioscience Opens Carlsbad Office

San Francisco-based Twist Bioscience Corporation has opened a 2,500-square-foot office in Carlsbad.

La Jolla Casino Taps Co. to Provide Management System

Win Technologies USA will provide a casino management system for the new La Jolla Trading Post Casino.

Daré Bioscience Enters into Development Agreement

Daré Bioscience, a San Diego biopharmaceutical focused on women’s reproductive health, has partnered with Orbis Biosciences to develop long-lasting injectable contraceptives.

Making Machines Work for Co., Clinic

BIOTECH: Illumina SVP Tackles Challenges

Susan Tousi doesn’t practice medicine, unlike many in her family tree. But Illumina’s senior vice president of product development is making her mark on health.

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SDBJ Insider: Leaders Find Urgent Need to Address Issues

Steven Jones founded his diversity and inclusion consulting firm in 1993, and while there has never been a shortage of need for its services, there hasn’t always been this much demand.

Teradata Corp. Names First COO, CMO

Teradata Corp., the publicly traded data analytics business that has about 1,000 employees in Rancho Bernardo, has created and filled two new executive positions based in San Diego.

Crinetics Pharmaceuticals Raises $63.5M

San Diego biotech Crinetics Pharmaceuticals, taking aim at endocrine-related cancers and endocrine disorders, raised $63.5 million through a Series B financing round.

Alphatec Raises $50 Million, Acquires SafeOp

In a flurry of moves announced March 8, Alphatec acquired SafeOp Surgical, raised $50 million and installed Patrick Miles as CEO.

New Building to Serve MedImpact’s Aggressive Growth Goals

PROPERTY: Building To Be Connected to Current HQ Next Door

MedImpact is expanding its corporate headquarters campus along the Interstate 15 corridor with construction of a 158,000-square-foot building and an adjacent four-level parking structure. The six-story building at 10159 Scripps Gateway Court will be linked by a pedestrian bridge to Medimpact’s first headquarters building, completed in 2010 by Sudberry Properties.

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Lots Will Change in this Plan for Lilac Hills Ranch

A Valley Center housing development rejected by voters in 2016 has been retooled with what the developer said is a host of improvements, including plans to add an elementary school and renovate an existing fire station or build a new one.

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East Village Housing Project Approved

An East Village project aimed at providing housing for people at risk of becoming homeless has been approved by Civic San Diego, the city-owned nonprofit agency that oversees downtown development.

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Real Estate Center Receives Top Ranking

The Burnham-Moores Center for Real Estate at the University of San Diego was rated the top real estate program in the nation for undergraduate students in 2018 by College Factual, an online college rating site.

Firm’s Impact Investing Puts Community in Lending Equation

$10M Fund Targeted for ‘Community-Minded’ Borrowers

A group of San Diego investors is betting on locally based nonprofit organizations and social enterprises to the tune of $10 million.

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Accounting Outsourcing Firm Fills Holes in Cos.’ Finance Teams

FINANCE: Signature Covers Bookkeeping To Business Insights

Signature Analytics CEO Peter Heald sees the scope of the rapidly growing financial firm’s opportunity through the lens of “the second black box” of small business — operational finance.

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Firm Makes Some Key Changes to Adapt to New Legal Landscape

Ramona R. Whitley has been named chief business development and marketing officer at Allen Matkins. She will lead client relationship and marketing initiatives, for the real estate and business law firm.

Students’ Actions Raise Money, Awareness for Environment

Two years ago, three La Jolla High School students formed Clean for a Cause, a nonprofit to recycle plastic, aluminum, and glass at CRV redemption centers and donates funds raised from those recyclables. During this time, Cause has recycled approximately two tons of material. Led by Mason Matalon, a senior at LJHS, Clean for a Cause announced that it has made its first donation to San Dieguito River Valley Conservancy.

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Is Your Business Ready for Gig Workforce?

The world is in the midst of a fundamental change in how people work and the words they use to describe it. When San Diego residents discuss full-time, permanent employment, it remains straightforward, “I work full-time at [insert employer].” However, how do they relate non-permanent employment?

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Friday, March 16

Citing Buyout Talk, Qualcomm Board Says It Won't Renominate Paul Jacobs

Until recently he was executive chairman of the board.

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Report: Qualcomm Director Paul Jacobs Considers Bid for Firm

It's unclear how he would finance a bid for the company, which has a market value of about $90 billion.

Thursday, March 15

ThinkTank Debuts TacticalLaunch, Veteran-Focused Incubator Program

ThinkTank Innovation plans to launch additional incubator and accelerator programs for entrepreneurs in the future.

Broadcom Ends Qualcomm Bid in Wake of U.S. Presidential Order

As ordered, Broadcom has also withdrawn its slate of nominees for the Qualcommm board of directors.

At Cubic, CEO Is Making Connections

LEADERSHIP: IT, Acquisitions, And Work Come Out of The Silos

For decades Cubic Corp. has traded on its innovative streak.

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Filling the Cybersecurity Ranks

Sector Faces Daunting Task of Finding And Competing for Qualified Employees

Cybersecurity professionals are in short supply. Even in cyber-rich San Diego — where the U.S. Navy has its information technology command — there are challenges to filling jobs, local executives said.

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Universities Step Up With Cybersecurity Training

Schools Offer Variety of Programs to Help Fill Need for Talent in an Important, Growing Sector

San Diego County universities have launched cybersecurity degree programs to meet the growing demand for experts who can prevent online attacks and information theft.

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Chamber Seeks Candidates for Women’s Leadership Program

The program is dedicated to elevating women through tailored coaching, mentorship and skill building.

Startup San Diego Looks to Hire First Full-Time Head

Startup San Diego wants to become a year-round presence in the startup scene, and is looking to hire an executive director to make it happen.

Ionis Spinout to Commercialize Inotersen

Carlsbad’s Ionis Pharmaceuticals is entrusting Akcea Therapeutics, a spinout of Ionis, to commercialize the drug inotersen ahead of a showdown.

LEAD San Diego Gets a New Vice President of Leadership and Engagement

Elizabeth Fitzsimons named vice president of leadership and engagement.

Three San Diego Breweries Included on Top 50 U.S. Brewery Lists

Stone Brewing Company, Green Flash Brewing Company, and Karl Strauss Brewing Company were listed.

Otay Mesa Business Center Sold For $3.9M

Sail Otay Business Park was built in 1990.

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Wednesday, March 14

SDBJ Insider: Suddenly, Our Path Is Strewn With Bikes

When did public sidewalks become acceptable places for companies to leave unattended equipment or materials?

Affordable Apartments Set for Mission Valley Civita Development

Sudberry Properties’ first mixed-use retail project in its Mission Valley Civita development will include 103 affordable apartments for seniors and 203 affordable apartments for families.

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Drug Salvage Operation May Be Salvation for Cancer Victims

John Hood turned a cast-off drug into a multibillion deal.

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Edico Takes Big Step Into Medical Records

BIOTECH: Partnership to Put Genomics Data in Files

San Diego’s Edico Genome recently inked a deal to incorporate genomics data into electronic medical records, a cutting-edge space for which the company appears to be well positioned.

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AbacusNext Leases New Building

Company moving in May.

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Crinetics Pharmaceuticals Raises $63.5 Million in Series B Round

San Diego biotech Crinetics Pharmaceuticals, taking aim at endocrine-related cancers and endocrine disorders, raised $63.5 million through a Series B financing round.

Microlender Accion Reports Lending $3.6M to SoCal Businesses in 2017

Accion's new Rapid Loan program streamlines the process of getting smaller loans, which the organization said it expects to lead to a higher volume of lending this year.

Tuesday, March 13

InnovaSystems Awarded $25.4M Defense Contract

InnovaSystems International LLC is being awarded a $25.4 million indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee contract...

OUR VIEW: Qualcomm Should Remain Independent

From our view, there was nothing to like, and much to dread, if Broadcom had succeeded in taking control of Qualcomm.

Bankruptcy Sale on Tap for Orexigen Therapeutics

Orexigen’s weight-loss prescription drug, Contrave, didn’t meet sales expectations, running afoul of an agreement with creditors, according to court documents.

Investors Clear Path For Bank’s Initiatives

BANKING: Funding Backs Fintech Plans, Possible IPO

San Diego’s Silvergate Bank plans to go public as soon as this year — and its prescient bet on fintech has helped it prepare by more than doubling its equity capital, bringing on a dozen new strategic investors — including its first-ever cryptocurrency client.

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Qualcomm Stock Down 5 Percent Following Order Barring Broadcom Bid

The deal was prohibited at the recommendation of a Treasury Department committee that reviews transactions for nation security implications.

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Vista Medical Office Building Sold For Nearly $7.7M

Offices are next to Tri-City Medical Centre.

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University City Building Sold For $10.8M

Office building was recently remodeled.

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Monday, March 12

Trump Blocks Broadcom Bid to Acquire Qualcomm

The order directs Broadcom to end its proposed takeover of the San Diego tech giant.

Investment Banker Focuses on Fiscal Health of Local Cos.

FUNDING: Crean Brings Strategic Alternatives For Finding Growth Capital

Traditionally, venture capital funding is the blood that pumps the heart of a life science company. But, if you ask David Crean, it’s not the only way.

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Hilton San Diego Resort & Spa Gets New General Manager

Noble House Hotels & Resorts appointed Michael Feeley general manager of the Mission Bay hotel.

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Reed to Retire as Sempra CEO

Sempra Energy CEO and president Debra Reed plans to retire in May, ending a 40-year career with Sempra companies, and on the heels of a multi-billion deal.

Broadcom, in Hastening HQ Move to U.S., Disgruntles Feds Investigating Qualcomm Bid

The Committee on Foreign Investment in the United States, which is investigating Broadcom's proposal to acquire Qualcomm, said the transaction would harm national security.

Teradata Corp. Names First COO, CMO

About two-thirds of Teradata's leadership team are based in San Diego.

Health Care Heroes: Leader Builds Legacy at North County Health Services

NONPROFIT: Cota Helped Grow Organization To 13 Clinics, 700 staff

Irma Cota recalls the beginnings of her health care career in the most simple way: As a young farmworker traveling the Central Valley with her sister, mom and aunt, she was one of the few workers who fluently spoke English and Spanish, so she frequently was put into a role as an interpreter.

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Health Care Heroes: Leader Is Driven to Provide Access to Existing Solutions

OUTREACH: Bollinger Leads Effort to Prevent Type 2 Diabetes Epidemic

Martin Luther King Jr. said, “There is no human circumstance more tragic than the persisting existence of a harmful condition for which a remedy is readily available.”

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Health Care Heroes: Obstetrician Finds Inspiration in Caring for Miracle Babies

For Sean Daneshmand, an obstetrician who specializes in caring for women with high-risk pregnancies, interacting with his patients is nothing short of inspirational.

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Health Care Heroes: Navy Doctor Makes Impact With Worldwide Connections

TECHNOLOGY: Davis Develops Tele-Care System For Military Critical Care

Dr. Konrad Davis is on the cutting-edge of using technology to provide better and more cost-effective health care to patients, and it’s a place where he feels comfortable.

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Health Care Heroes: Surgeon’s Roles Are About Reducing Trauma

MEDICAL: Doucet’s Work Extends From ER To Med School, Community

Dr. Jay Doucet is on a mission to put himself and his colleagues out of a job. Doucet, a trauma surgeon, administrator and medical school professor, said nearly all of the trauma cases he sees at UC San Diego Health – including vehicle accidents, burns, falls and gunshot wounds — are preventable.

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Health Care Heroes: Alvarado Hospital Clinician Takes Outreach to New Levels

SERVICE: Graheck Extends Care to Staff, Patients and Families

Alvarado Hospital Medical Center clinical educator Anne Graheck saw to the details after a local mortuary brought an American flag to drape over a military veteran who had just died in the intensive care unit.

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Health Care Heroes: Hospice Leader Works to Ensure Access to End of Life Care

TRANSITION: Jones Leads 4-Month Effort to Absorb Scripps Service

The Elizabeth Hospice President and CEO Jan Jones can’t bear the thought that someone might need her organization’s help but doesn’t know it’s available.

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Health Care Heroes: Blood Bank Expands Scope to Include Research, Wellness

OPERATIONS: Wellis Broadens Approach to Mission of Saving Lives

It’s hard to argue with medical procedures that curtail the demand for blood. But consider what their advent means for blood banks.

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CUSTOM CONTENT: Make the Most of New Tax-Saving Opportunities

Custom Content from the San Diego Business Journal

The 2017 tax reform legislation, commonly referred to as the Tax Cuts and Jobs Act, has a significant impact on individual taxpayers as well as businesses.

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Sunday, March 11

Business Calendar for Week of March 12, 2018

Business events planned for the week of March 12, 2018, and beyond.

Vibrant Future Planned for Historic Property

DINING: Bar, Restaurant Planned for Gaslamp Site

Once a saloon, a brothel and a children’s hospital among its many incarnations, the Grand Pacific Hotel in San Diego’s Gaslamp Quarter may return to its roots in a way with a downtown developer who wants to turn it into a multistory restaurant and bar.

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Platform to Build Big Picture With Diverse Data

BIOTECH: Customer Controls Info, Can Contribute to Research

Between 23andMe, the omnipresent Fitbit and the electronic medical records created with each doctor’s visit, quantifying our health has become mainstream.

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Qualcomm Hikes Quarterly Dividend 9 Percent

The move comes as the company readies for a meeting at which its shareholders will vote whether or not to replace the majority of its board with Broadcom nominees.

San Diego Venture Group Recruiting Startups for Next 'Cool Companies' Cohort

Companies that are selected get introductions to prospective mentors, advisors and investors.

Alphatec Raises $50 Million, Acquires SafeOp

In a flurry of moves announced this week, Alphatec acquired SafeOp Surgical, raised $50 million and installed Patrick Miles as CEO.

Chef-to-Table Restaurant Opens in Hillcrest

A new Italian restaurant, Maestoso, will offer a unique dining experience called "chef-to-table."

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SD 500 update: One New Brand, Two Are Retired

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

Taner Halicioglu continues to keep a low public profile, but his name is now officially a permanent part of the UC San Diego landscape. Halicioglu is a UC San Diego alum who was the first non-founding employee at Facebook. In 2017, he donated $75 million to his alma mater.

Food Hall to Have Tastes, Technology and, of Course, a Windmill

A landmark Carlsbad building noted for its high-profile windmill visible from Interstate 5 is being transformed into a food hall in a trend that is spreading in San Diego County.

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Santaluz House Embraces Luxury and Embraces Nature

The original developers of the master-planned community of Santaluz were ahead of their time when they began development in the late 1990s with environmental stewardship as its fundamental principle.

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Hidden Issues May Impact Stadium Site Redo

As San Diego debates what should be done with the former Chargers’ stadium site, and stakeholders debate the current status of the remediation of the petroleum plume from the Mission Valley terminal tank farm, there are potentially other environmental issues that shouldn’t be overlooked. While the site doesn’t have much in the way of historical industrial land uses, it does have a history of large-scale commercial agriculture.

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Student Brings Camaraderie of Sports to Autistic Kids

The Boys & Girls Clubs of Carlsbad announced that it has offered its gym free of charge to Ethan Hope, an enterprising young man with a big heart.

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Friday, March 9

Qualcomm's Paul Jacobs Out as Executive Chairman

Jeffrey Henderson, an independent Qualcomm director, will now head the board as its non-executive chairman.

Thursday, March 8

Forge Therapeutics Expands to New Office

San Diego biotech Forge Therapeutics, dedicated to fighting superbugs, is expanding to a 7,000-square-foot space in Torrey Mesa.

Platform Delivers For Halozyme

BIOTECH: Co. Finds Right Balance for Work On Drug, Delivery System

Halozyme Therapeutics seeks big returns on two fronts. Royalties in one could hit nearly $1 billion by 2027. The other holds even bigger potential.

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Millenia Office Project Among Largest in West

SOUTH COUNTY: Construction Expected to Begin in September

A huge office campus which Chula Vista officials said could transform the city from a bedroom community to the employment center of South County is close to becoming a reality, with developer Chesnut Properties having invested about $10 million in the site and construction expected to begin in September.

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Defense Work Demand Soars For Cobham

DEFENSE: Co. Is Hiring; Local Facilities Expand

At Cobham PLC’s Kearny Mesa factory complex, technicians bend over microscopes, applying deft touches to the defense contractor’s electronic products.

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Prepkitchen to Open New Location in San Marcos

This will be the eatery's fourth San Diego site.

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New Tour Bus Service To Launch in S.D.

The Hopper will integrate tour transportation and ticketing services.

ICW Group Insurance Cos. Expands to 5 More States

The company, which quotes more than $3 billion annually, is the largest privately held insurance company in California.

RAF Pacifica Buys Carlsbad Building

Building is home to Benihana restaurant.

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Apartment Building Sold For $3.1M

South Kensington building has 11 apartments

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Texas Regulators Approve Sempra Buying Oncor for $9.45B

The Public Utility Commission of Texas on March 8 approved Sempra Energy buying Oncor Electric Delivery, the last remaining regulatory obstacle in a $9.45 billion deal expected to close shortly.

Wednesday, March 7

Sempra May Simply See A Good Buy in Oncor vs. An Expansion

UTILITY: Well-Managed Co. Could Help Diversify Earnings

Sempra Energy looks set to buy a utility operating in a state where demand for power is growing, within a region where it already owns significant energy infrastructure, adjacent to a foreign country where it has a strong industry foothold.

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Oceanside Industrial Project Arriving As Market May Be Reaching Its Limit

Oceanside is running out of room for construction of new industrial projects, and there’s not much room left for companies that want to lease space in existing buildings.

Executive Q&A: Shane Yonston, Impact Investors

Millennials are driving demand for sustainable investment options.

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A Healthy Financial Impact

Investors Increasingly Seek Outlets For Social, Environmental Options

Demographic changes and the availability of more information than ever about businesses’ operations are contributing to a shift toward sustainable and impact investment options.

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PeopleFacts Acquires Oklahoma-Based Background Screening Co.

The firms combined will serve more than 10,000 companies across the U.S.

$140M UC San Diego Health Outpatient Pavilion to Debut

On March 12, UC San Diego Health will open the Koman Family Outpatient Pavilion, sporting specialty services for breast, urology, sports medicine and spine care.

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Tuesday, March 6

Business Calendar for Week of March 5, 2018

Business events planned in the county for week of March 5, 2018, and beyond.

Co. Not Just Blowing Hot Air With Tech Label

BEAUTY: Cordless Hair Dryer Was an Engineering Challenge

Ryan Goldman held his hand to the mouth of the roaring blow dryer, feeling its power and heat.

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SD 500 Update: Honors Roll In For Irma Cota

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

Spring Valley Apartment Complex Sold For $17.9M

Complex includes flats and townhomes.

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LoanHero Brand 'Retired' Post-Acquisition

Derek Barclay, cofounder of LoanHero, is relocating to Georgia, where LendingPoint is headquartered.

Vividion Locks Down $101M Upfront in Celgene Collaboration

The San Diego biotech will receive the payment as part of a four-year collaboration with Celgene.

Poseida Therapeutics Names Mark Gergen as CBO, CFO

Mark J. Gergen has joined San Diego-based Poseida Therapeutics as chief business officer and chief financial officer, bringing 25 years of life sciences experience.

SDBJ Insider: Top Transaction Sitting Pretty on Del Mar Bluff

John Hood and his wife Sally have bought a $21.5 million mansion on an oceanside bluff in Del Mar in the county’s most expensive real estate transaction since 2007.

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National Security Concerns Prompt U.S. Government Panel to Investigate Broadcom Bid for Qualcomm

Qualcomm investors were slated to vote March 6 on whether to give Broadcom a majority on Qualcomm's board of directors. The Committee on Foreign Investment in the United States has ordered the meeting delayed.

Monday, March 5

Downtown Building Leased For $13.3M

Lease term is 144 months.

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Some Galaxy S9s Have Trick Up Their Sleeve: Snapdragon 845

Samsung’s newly unveiled smartphone, the Galaxy S9, contains Qualcomm Inc.’s newest premium processor, the Snapdragon 845 mobile platform, in select regions of the world. Qualcomm (Nasdaq: QCOM) made the announcement at the Mobile World Congress event on Feb. 25 in Barcelona, Spain.

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They Can’t Be Too Thin: Chips

There was other news that took in Qualcomm and Samsung. The South Korean company operates foundries that have produced Qualcomm chips for decades. The two companies said Samsung will produce Qualcomm chips with extra-thin, 7 nanometer wide circuitry, produced using the cutting-edge extreme ultraviolet (or EUV) lithography process.

Viasat-2 Puts Home Internet in Fast Lane

Carlsbad-based Viasat Inc. rolled out broadband internet service on its Viasat-2 satellite during the last days of February, billing it as the fastest satellite-based home internet service across the nation.

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Ignite Conference Part of UCSD’s Expanding Entrepreneurial Efforts

Certain California universities have a reputation for churning out companies in addition to ground-breaking research.

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Construction Jobs Well Done

San Diego’s Skyline Hills Branch Library and Kaiser Permante Medical Center in Kearny Mesa were named two of the best construction projects of 2017 by the Associated General Contractors of America, with awards going to Barnhart-Reese Construction as the general contractor.

Bank of Southern California to Buy L.A.-Based Bank

San Diego’s Bank of Southern California plans to buy a Los Angeles-based bank in a cash-and-stock deal valued at about $44.1 million, a move that would create a new company with about $750 million in total assets. The bank it plans to acquire, Americas United Bank, was founded in 2006 by a group of Los Angeles-based entrepreneurs.

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Silvergate Bank Reports Record Net Income

Silvergate Bank has reported net income of $8.7 million in 2017, the highest in the bank’s history and about 7 percent higher than its 2016 total, $8.1 million.

Encore Capital Reports Net Income of $83.4M

Encore Capital Group Inc., a San Diego-based company that buys and sells credit card debt, reported 2017 net income of $83.4 million on total revenues of $1.2 billion.

Guild Mortgage’s Loan Volume Down Slightly

San Diego lender Guild Mortgage has reported overall loan volume of $15.94 billion for 2017, down less than 1 percent from $15.96 billion in 2016.

Two Attorneys Elected Partners at Wilson Turner Kosmo

Carolina Bravo-Karimi and Emily Fox were elected partners at Wilson Turner Kosmo LLP, effective January 1. Bravo-Karimi and Fox, both 2008 graduates of the University of San Diego School of Law, began their new roles at the largest women-owned law firm in both San Diego and California.

The Best Coast

At the southernmost tip of Del Mar a secluded home sits atop an ancient sandstone cliff 100 feet above the sea. Insulated from all other residences nearby, it overlooks the coastline southward to Torrey Pines State Beach and the tip of La Jolla. In the distance hang gliders drift in the wind, pods of whales journey by and dolphins frolic in the surf as the mesmerizing seasons of the sea progress. Cocooned into a cove of sandstone cliffs, the home is a singular masterpiece that weaves luxury, architecture and seclusion into one transcendent tapestry.

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Doggie Gras’ Canine Couture Pays Off for Animal Center

Helen Woodward Animal Center announced it put on its Sixth Annual Doggie Gras Parade that showcases its “orphaned” pets by marching into the farmers market in Rancho Santa Fe. The event invited participants to support animal rescue “Mardi Gras-style” by creating colorful costumes and parade floats for the participating animals.

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Qualcomm Vote Crucial to Region’s Civic Future

The year is 1999. I’m sitting outside Irwin Jacobs’ office, preparing for my first meeting with the CEO of Qualcomm. I remember Jacobs’ first words well: “Welcome to San Diego, Kevin, how can I help you?” And there it is, Jacobs asking how he can help me, not the other way around.

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Co.’s Rodent Testing Niche Aims for NASH Treatment

Clients of Carlsbad’s Triangulum Biopharma include the likes of NASA, or National Aeronautics and Space Administration. Yet Triangulum won’t comment on the specific nature of the contract.

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Sunday, March 4

Beacon Discovery, Takeda Ink Deal

San Diego’s Beacon Discovery formed a multi-year drug discovery collaboration with Takeda Pharmaceutical Company centered on gastrointestinal disorders.

Ionis Reports Promising Huntington’s Disease Drug Trial

The Carlsbad drugmaker reported positive early stage data on a potentially groundbreaking drug to reduce the underlying cause of Huntington’s Disease.

Apartment Complex Sold For $10.7M

Exotic Gardens has 21 units.

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New Restaurant To Donate Profits to San Diego Schools

Buona Forchetta restaurant is opening a second location in South Park

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Garden Fresh, Souplantation Parent Co., Hires New CFO

Donald Breen was previously chief financial officer and corporate secretary at Cheddar's Scratch Kitchen, which was acquired for $780 million by Olive Garden parent company Darden Restaurants in 2017.

Thursday, March 1

Carlsbad Meets Demand for Industrial, Office Construction

PROPERTY: Many Projects in Pipeline; Amenities Abound in City

Carlsbad is a big draw for companies looking for industrial and office space.

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Local Companies at Heart of VR, Seismic Shifts in Sports Viewing

Seismic shifts in technology and sports are ahead, judging from a daylong conference at UC San Diego.

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Entrepreneur in Carlsbad Envisions Part Incubator, Part Coworking Space

Jeran Fraser knows what it’s like to be an entrepreneur.

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Okogen Receives $10 Million for Pink Eye Treatment

San Diego’s Okogen received $10 million in Series A funding to advance the company’s lead candidate for viral conjunctivis, commonly known as pink eye.

Ionis Reports Big Gains in Q4, Full 2017 Results

Ionis Pharmaceuticals in Carlsbad Reported $508 million in 2017 revenue, a 46.3 percent increase over the previous year, driven by rising drug royalties.

UCSD Partners With Lyft to Improve Campus Transportation

UCSD is the first university in the nation to sign a comprehensive partnership with Lyft.

Chick-fil-A to Open SD's First Drive-Thru-Only Location on Mile of Cars

This year Chick-fil-A says it aims to open a total of 140 new eateries across the country.

Miramar Industrial Complex Sold For $28.1M

Activity Business Center will be rebranded and renovated.

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