Stories for September 2018
Thursday, September 20
AT&T Inc. has set an early 2019 target to bring 5G mobile wireless communications to San Diego businesses and consumers.
Genesis Corporate Center building is part of the Carlsbad Research Center
The headquarters will be run by Chris Renner, who was named the league’s new CEO in July.
FINANCE: San Diego’s Old and New Economies Still Generating Wealth
J.P. Morgan Chase & Co. sees opportunity in the land of surf culture, fish tacos and burgeoning technology businesses.
Debbie Escobedo is not your stereotypical bank president.
Wednesday, September 19
Qualcomm Inc.'s board is about to give CEO Steve Mollenkopf a raise because of the way his team has navigated through recent challenges, according to a Sept. 19 report from Bloomberg News.
SOFTWARE: Acquisition By Elite SEM Should Add To Co.’s Marketing Muscle
For Rick Backus, chief executive officer and founder of San Diego-based CPC Strategy, a little reinvention has gone a long way for his online marketing agency.
Laura Shawver — perhaps best known as the CEO of Synthorx — launched the Clearity Foundation after her own experience with ovarian cancer.
BREWING: Canning Co. Adds Sleeves to Its Services
When Matt Woempner wanted a change in career from the high-tech world a few years ago, he didn’t turn to his financial advisor. Instead, he tapped a couple of buddies from his soccer team for guidance.
Mark Dankberg will be inducted in the Connect Entrepreneur Hall of Fame at the organization’s 31st annual Most Innovative New Product Awards on Nov. 29 at the Hyatt Regency La Jolla at Aventine.
RETAIL: Co. Branches Out, While Sticking With Plan for Sustainable Brand
Fashion brands have always tried to harness the California lifestyle, but very few actually live it.
Tuesday, September 18
Moving on from two thwarted M&A deals, Qualcomm Inc. is preparing to appoint two new directors, Reuters reported on Sept. 18, citing unnamed sources.
Nominations to recognize the local business world’s most important women business leaders are open.
Richman has a background in advising and representing clients in segments like business law, risk management, research, contract law, state and federal administrative and regulatory law.
United Therapeutics Corporation gained North American licensing rights to a lung disease drug from San Diego’s Samumed in a deal announced Sept. 17.
Sempra Energy has signed a deal with activist investors Elliott Management Corp. and Bluescape Energy Partners LLC, agreeing to seat two new board members among other provisions.
Kevin Gunderson was employee No. 7 of 6,000 at Illumina. He led the company’s advanced research group for almost 18 years, helping create its first $1 billion product line.
ECONOMY: S.D. Workers No. 1 Nationally in Pay Dissatisfaction
San Diegans feel the warmth of the sun on their backs, the soothing onshore breezes and a definite lightness to their paychecks.
PROPERTY: CRE’s Lack Of Headquarters, Smaller Buildings Hurt Score
Though San Diego may think of itself as green, the green may stem from jealousy over the performance of other cities when it comes to having environmentally sensitive office space.
Monday, September 17
In 2000, the cost to sequence a genome stood at $100 million.
The company compared 182 U.S. cities based on 65 key metrics, including movie costs, open hours of breweries and fitness centers per capita.
Taking a step against counterfeiters and cheats, Qualcomm Inc. has produced software to identify counterfeit, illegal and stolen mobile devices, making it freely available.
ViaCyte, a San Diego stem cell therapy biotech, has teamed up with a Massachusetts gene-editing company to take on diseases like diabetes.
WORKFORCE: Cos.’ Presence Could Bring Bigger Changes
The scramble for technology talent in San Diego is entering a new stage as two mammoth companies have announced plans to dramatically increase hiring.
DINING: Plant-Based Cuisine Aims to Transform Typical Menu and the World
When Jeffrey Harris launched Plant Power Fast Food, the San Diego-based, GMO-free, plant-based restaurant chain, in 2015, his idea was not to cater to vegans and/or vegetarians — although they are surely welcome — but to offer a healthier alternative to omnivores in a space where it can have the most amount of impact on the most amount of people possible.
Sunday, September 16
San Diego-based Sherpa Clinical Packaging has been acquired by PCI Pharma Services under a deal announced Sept. 11 in which terms were not disclosed.
The San Diego Association of Governments has appointed Hasan Ikhrata as its new executive director.
The San Diego-based grass-fed and grass-finished beef jerky producer, will debut four of its flavors through Whole Foods Market stores nationwide.
The U.S. Navy awarded RQ Construction LLC of Carlsbad a $63.6 million firm fixed-price contract to design and build facilities at the Naval Special Warfare Coastal Campus at Coronado.
Friday, September 14
Thursday, September 13
Shares reached a 52-week high as Qualcomm Inc. announced plans to buy back an additional $16 billion in stock.
San Diego’s Vital Therapies on Sept. 12 scrapped a cell-based therapy intended to treat acute liver failure following final-stage clinical trials, sending the company’s stock plummeting.
FINANCE: Co. Gets Good Growth in Food And Beverage Space
Payment Logistics is a company that Southern Californians might encounter when they go out to their favorite eateries. Unobtrusive as it is, some 99 percent of diners will have no idea it’s there.
Four new startups have been accepted into the EvoNexus incubator program, and the founders of each have agreed to give the nonprofit organization a stake in their companies in exchange for participation.
A pair of mixed use developments is taking shape in North County – a San Marcos project that includes a 103-room hotel and 191townhomes and a Carlsbad project that includes a new retail center and 125 townhomes and flats.
Wednesday, September 12
WORKFORCE: Studio Equipment, Sound Stages to Offer Alternative to L.A.
Coworking spaces come in many permutations, but rarely like the one a Vista father and daughter team are building in their hometown — The Film Hub with a focus on movie and television productions.
“You’ll get your cardio in today,” says a hard-hatted Gordon Rutherford.
North County Aims for Vibrant And Growing Coworking Culture While Adapting to Area’s Limitations
When Brendan Foote and his colleagues at Bloc wanted to expand their coworking company, they went to Carlsbad.
ECONOMY: Eco Friendly Crop Would Sell to Chefs, Ranchers and Farmers
Early last year, Leslie Booher and Torre Polizzi, founders of Sunken Seaweed LLC., made their way down to Ensenada, Mexico, and snuck into the Offshore Mariculture Conference, all in hopes of meeting Paula Sylvia, the Port of San Diego’s program manager of aquaculture, and speak with her about their desire to help preserve kelp in California.
Sempra Energy said its IEnova subsidiary signed a long-term contract with British Petroleum to provide storage space at IEnova’s proposed liquid fuels marine terminal in Baja California.
Epic Sciences on Sept. 12 hauled in a $52 million Series E round to advance a portfolio of tests.
Tuesday, September 11
Looking for the extra-special get-away?
PROPERTY: Seek Big Buildings As Climate Favors Expansion
Defense contractors have been scooping up space in San Diego County at a near record pace.
The San Diego Military Advisory Council has tapped Mark Balmert to be its new executive director, effective Oct. 1, following the retirement of current Executive Director Randy Bogle.
Vista-based Exagen Diagnostics launched a blood test for added insight in managing rheumatoid arthritis.
The Lytx Graduate Fellowship for Masters of Science in Business Analytics is the first of its kind investment for the recently-launched graduate-degree program.
The U.S. Navy has awarded General Dynamics NASSCO a $218.7 million firm fixed-price contract for shipyard work on the USS Bonhomme Richard.
San Diego-based CalPrivate Bank has received federal approval to open a location in El Segundo, where it will serve the South Bay region of Los Angeles County.
Monday, September 10
At least four candidates in Intel’s search for its next CEO have Qualcomm Inc. ties.
HEALTH: Tablets Bring Life Stories to Treatment
A man with dementia in a San Diego care facility uttered little. But upon holding a tablet with rotating images of his hometown of Chicago, he beamed. Words flowed.
CEO John R. Phipps announced the appointment of Senior Vice President Colin Cronin to the post of president.
Halozyme Therapeutics hired pharmaceutical veteran Benjamin Hickey as the company’s chief commercial officer, it was recently announced.
San Diego-based CPC Strategy, an internet marketing company, has been acquired by New York-based digital marketing agency Elite SEM.
The board of directors at Sempra Energy has named CEO Jeffrey Martin chairman, effective Dec. 1.
Sunday, September 9
UC San Diego has again landed at No. 26 on Pitchbook’s annual list of the top 50 universities that are producing venture capital-backed entrepreneurs.
The 21,000 square foot space plans to bring approximately 50 jobs to Eastlake.
A U.S. Navy career gave him a front-row seat to history. Now retired Rear Adm. David M. Thomas Jr. is tending to the fleet.
California Pacific Airlines announced it will begin scheduled service on out of Carlsbad on Nov. 1, with additional flights starting Nov. 15.
The Pentagon has awarded Viasat as much as $560 million worth of work over eight years.
HEALTH: Sharp Says Moves By CMS Changed Savings to a Loss
Sharp HealthCare is considering its legal options after earlier this year withdrawing from a Medicare program in which health systems shoulder greater accountability.
Juxtaposed against the jagged, ancient edges of the sandstone cliffs of Torrey Pines Reserve in La Jolla is a residence that is an unparalleled masterpiece of shadow, light and angles.
SERVICE: Small Biz Sees Steady Revenue Growth, Tries Mobile Marketing
Jerry Leone knew little about manufacturing before he sold Leone’s Building Service janitorial company and purchased San Diego-based A Garage Door for $900,000 in 2016.
Defense contracting notes, in no particular order: LRAD Corp. said Aug. 23 that it received an $11 million contract to provide acoustic hailing devices to the U.S. Army.
A patent dispute between ResMed and Fisher & Paykel Healthcare has escalated.
A New York investment management firm has pledged $65 million to a new venture with UC San Diego to bridge the divide between basic research and clinical trials.
The San Diego Food Funders, a funding collaborative of San Diego Grantmakers, provided grants of $356,000 to in-school and out-of-school youth meals programs in San Diego County to improve access to nutritious food for youth of all ages in low- to middle-income communities.
Friday, September 7
Sempra Energy’s board of directors declared quarterly dividends for three classes of stock on Sept. 6.
Thursday, September 6
An ophthalmology organization, a pharmacists group and an architectural and commercial lighting trade show and conference want in. They would bring tens of thousands of people with spending power of millions of dollars and a capacity to book thousands of room nights.
San Diego’s Gary and Mary West Foundation is helping get off the ground Civica RX, a new not-for-profit generic drug company with the goal of tackling shortages and high prices on life-saving medications.
Amazon.com Inc. plans to hire 300 high-tech employees in San Diego, more than doubling its technology workforce in the region.
San Diego-based Gossamer Bio, which in July snagged a $230 million series B round, recently announced the hire of a former executive from pharmaceutical giant Bristol-Myers Squibb.
Kara Hertzog is a third-generation employee at the San Diego-based payroll and human resources administration company.
Wednesday, September 5
Not many biotechs in San Diego both develop drugs and commercialize them.
A New York investment management firm has pledged $65 million to a new venture with UC San Diego to bridge the divide between basic research and clinical trials.
Dr. Patricio “Patrick” A. Frias’ is a physician-turned-executive, a path that helped land a new gig as the president and CEO of Rady Children’s Hospital and Health Center.
RETAIL: From Plants To Decor, Customers Help Curate Products
On any given day, Chad Anglin starts his morning by dropping off his first- and third-graders off at Spanish immersion school before heading to one of his two retail stores.
Inscripta has purchased Solana Biosciences, a San Diego company led by former Illumina veterans that specializes in genomics manufacturing operations.
Kratos Defense & Security Solutions Inc. said Sept. 4 that it received a U.S. Navy contract that could be worth as much as $67.5 million over five years.
Tuesday, September 4
Colleen Anderson's first order of business is to manage the funding grant application process for fiscal year 2020, which begins in October.
Cubic Corp. is promoting Michael Knowles to president of its Global Defense business division, as well as corporate senior vice president.
Ashley Van Zeeland, one of the region’s rising entrepreneurial stars in the personalized medicine space, has taken a job with Illumina Inc.
REAL ESTATE: Project Could Spur Redevelopment
A $35 million mixed-use development on Poway Road that will include a food hall, apartments, townhomes, retail space and a fitness center is the first of what the city hopes will be many such projects to transform the thoroughfare from a row of strip shopping centers to a walkable downtown center with moderate-priced housing.
LEGAL: Biz Owner Wins Against Adviser, Now Going After Vistage
Peer advising groups can be a great help to CEOs — mostly.
The hotel management group oversees 18 hotels, including the Four Points by Sheraton San Diego and Fairfield Inn & Suites in Oceanside.
San Diego-based ResMed has filed a patent infringement petition that is seeking to ban the U.S. import and sale of select breathing masks from New Zealand-based Fisher & Paykel.
Monday, September 3
A key argument to expand the San Diego Convention Center is to ensure it remains the long-term home of Comic-Con International.
A former truck repair lot next to an unassuming three-bedroom on a backstreet in El Cajon has been transformed into a testing site for a two and a half foot tall, ATV-like robot that thanks to a pair of front-facing lights brings to mind the lovable Pixar character Wall-e.
BIOTECH: Oral Drug Replaces Shot, Aims for Greater Efficacy
After early years operating on a shoestring budget, Crinetics Pharmaceuticals is flush with cash to pursue ambitious drug development plans.
The National Security Agency has approved one of Viasat Inc.’s handheld military radios for use by Five Eyes partners and coalition military forces.
UCSD was the only local institution to make the list.
Sunday, September 2
Kopari Beauty has raised $4.6 million in debt financing, according to a recent filing with the U.S. Securities and Exchange Commission by parent company Koco Life LLC.
School is back in session and another “Uber for kids” startup has entered the San Diego market.
EvoNexus has diversified the ranks of its “strategic partners” – the corporations that pay the nonprofit organization’s bills plus contribute in other ways in exchange for early looks at the companies incubating there.
The U.S. Food and Drug Administration on Aug. 26 declined to approve Waylivra, a drug from Ionis Pharmaceuticals targeting an ultra-rare disease.
Vistage, an executive coaching firm based in San Diego, has moved its corporate headquarters from pricey El Camino Real to roomier and more economical quarters in Mira Mesa.
Downtown San Diego is the golden child for apartment construction in 2018, according to a report from the commercial real estate brokerage firm JLL.
The intrepid oceangoing drone called the submaran has more funding.
SPAWAR Systems Center Pacific, the U.S. Navy lab on Point Loma, has put out a call for something new. Its uniformed and civilian staff hope to delve further into new technologies such as artificial intelligence, virtual reality and augmented reality.
The gated entry to the Spanish Revival-style home on the northwestern edge of Rancho Santa Fe winds past elegantly landscaped gardens to a circular parking area with a welcoming gated portico.
Home Start Inc., a nonprofit child abuse prevention and treatment agency that has strengthened and developed San Diego’s families and communities since 1972, netted more than $120,000 at its 46th Annual Blue Ribbon Gala recently at the Estancia La Jolla Hotel & Spa.
While it may seem both obvious and subtle, San Diego County’s thriving $220 billion economy and quality of life is made possible by a safe and reliable water supply.