Stories for September 2018

Thursday, September 20

AT&T Plans 5G Roll Out for San Diego in 2019

AT&T Inc. has set an early 2019 target to bring 5G mobile wireless communications to San Diego businesses and consumers.

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Carlsbad Office Building Sold For $2.8M

Genesis Corporate Center building is part of the Carlsbad Research Center

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World TeamTennis Moves Headquarters to Carlsbad

The headquarters will be run by Chris Renner, who was named the league’s new CEO in July.

J.P. Morgan Private Bank Finds Good Expansion Opportunity

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.

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Balboa Thrift’s New CEO Is Familiar With The Bank’s Chosen Route: Car Loans

Debbie Escobedo is not your stereotypical bank president.

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Wednesday, September 19

SeaWorld and Former CEO to Settle SEC Fraud Charges

They have agreed to pay more than $5 million.

Bloomberg: Qualcomm CEO in Line for Raise

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.

Westcore Properties Buys Moorpark Industrial Building

Purchase included building and vacant land

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Sycuan to Hire More Than 700 Workers

The positions are for the casino's hotel and resort expansion.

CPC Makes Sure Its Clients Don’t Get Lost in Online Crowd

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.

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San Diego Company Buys Philadelphia Office Building

Building has 18,633 square feet of space.

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Life Sciences Reporter's Notebook: Clearity Marks 10 Years in Ovarian Cancer Fight

Laura Shawver — perhaps best known as the CEO of Synthorx — launched the Clearity Foundation after her own experience with ovarian cancer.

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Mobile West Growth Shows It Can Hold the Alcohol

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.

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SD 500 Update: Dankberg Earns Hall of Fame Recognition

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.

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Co. Puts La Jolla Beach Vibe to Work Selling Apparel, Adventure

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.

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Tuesday, September 18

Reuters: Qualcomm to Add 2 Board Members

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.

Nominate a Female Business Leader who Excels

Nominations to recognize the local business world’s most important women business leaders are open.

Hughes Marino Names Kathryn Richman General Counsel

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.

Samumed Inks Licensing Deal Worth Up To $350M

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, Activists Strike Deal for Board Change, Business Review

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.

Ex-Illumina Leaders Form Own Cos. To Pursue Genomics Work

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.

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Workers Feel Something Is Missing in Paycheck

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.

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San Diego Falls in Middle of Green Rankings

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.

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Monday, September 17

Illumina’s Progress Creates Encouraging Ecosystem for Others

In 2000, the cost to sequence a genome stood at $100 million.

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S.D. Named 10th Most Fun City in America by WalletHub

The company compared 182 U.S. cities based on 65 key metrics, including movie costs, open hours of breweries and fitness centers per capita.

Qualcomm Takes on $53B Counterfeiting Problem

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 Set to Receive $15M in Diabetes Collaboration

ViaCyte, a San Diego stem cell therapy biotech, has teamed up with a Massachusetts gene-editing company to take on diseases like diabetes.

Amazon, Walmart Labs Need Local Tech Talent

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.

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Plant Power Fast Food Taps a Hunger for Change

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.

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Sunday, September 16

Sherpa Clinical Packaging Acquired

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.

Maravai LifeSciences Leases Sorrento Valley Building Space

Company expanding San Diego operations.

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Goodwill Industries Unveils Community Employment Center

Partners with Civic San Diego.

SANDAG Names New Executive Director

The San Diego Association of Governments has appointed Hasan Ikhrata as its new executive director.

Homegrown Meats Goes National With Whole Foods Market

The San Diego-based grass-fed and grass-finished beef jerky producer, will debut four of its flavors through Whole Foods Market stores nationwide.

RQ Construction Receives SEAL Campus Work

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.

Business Calendar for Week of September 17, 2018

Business events planned in the county

Encinitas Apartment Buildings Sold For $10M

Buildings have 12 apartments each.

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Friday, September 14

Sorrento Mesa Center Sold For Undisclosed Price

Mera Mesa Distribution Center was built in 1989

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Thursday, September 13

Qualcomm to Buy Back $16B Worth of Shares

Shares reached a 52-week high as Qualcomm Inc. announced plans to buy back an additional $16 billion in stock.

Vital Therapies Abandons Liver Treatment After Clinical Trial

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.

La Mesa Apartments Sold For Undisclosed Price

Complex has 75 apartments

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Otay Mesa Business Parks Sold For Undisclosed Amount

Purchase includes 14 buildings in six projects

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Fintech Smooths the Way for Both Purchases and Payments

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.

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Startups Commit Equity Stake to EvoNexus

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.

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Mixed-Use Projects Bring Starter Homes, Luxury Living

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.

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Wednesday, September 12

Film Hub to Cast Coworking in Movie and Television Roles

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.

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Defense Column Reporter's Notebook: Tour Is Step Up From Usual Bay Excursion

“You’ll get your cardio in today,” says a hard-hatted Gordon Rutherford.

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North County Aims for Vibrant And Growing Coworking Culture

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.

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Co., Port Partner on Kelp Aquaculture Program

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.

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Sempra Signs BP to Fuels Storage Deal

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 Pulls in $52M Series E Round

Epic Sciences on Sept. 12 hauled in a $52 million Series E round to advance a portfolio of tests.

Otay Mesa Industrial Buildng Leased To CareFusion

Buidling 18 is in Siempre Viva Business Park

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Bankers Hill Apartments Sold For $4.9M

Building was constructed in 1929

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Escondido Industrial Building Sold For $3.6M

Building will be vacated by current tenant

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Tuesday, September 11

Defense Cos. Go on Offense for Space Needs

PROPERTY: Seek Big Buildings As Climate Favors Expansion

Defense contractors have been scooping up space in San Diego County at a near record pace.

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Vista Buildings Sold For $2.7M

Property is fully leased

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Balmert to Lead SDMAC

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.

Exagen Diagnostics Launches Blood Test for Managing Rheumatoid Arthritis

Vista-based Exagen Diagnostics launched a blood test for added insight in managing rheumatoid arthritis.

Lytx Endows UCSD Fellowship

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.

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NASSCO’s New $219M Navy Contract Could Grow

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.

CalPrivate Bank to Open El Segundo Office

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

SDBJ INSIDER: Qualcomm Has Many Chips in Intel CEO Search

At least four candidates in Intel’s search for its next CEO have Qualcomm Inc. ties.

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Co. Takes on Dementia By Making Memories

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.

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Quality Painting & Wallcoverings Names New President

CEO John R. Phipps announced the appointment of Senior Vice President Colin Cronin to the post of president.

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Glorietta Bay Inn Sold For $39M

Hotel is an historic landmark

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Ramping up its Commercial Strategy, Halozyme Hires a CCO

Halozyme Therapeutics hired pharmaceutical veteran Benjamin Hickey as the company’s chief commercial officer, it was recently announced.

CPC Strategy Acquired by Elite SEM

San Diego-based CPC Strategy, an internet marketing company, has been acquired by New York-based digital marketing agency Elite SEM.

Martin Named Sempra Chairman

The board of directors at Sempra Energy has named CEO Jeffrey Martin chairman, effective Dec. 1.

Sunday, September 9

Startups Reporter's Notebook: UCSD Ranked 26 for Its Entrepreneurial Efforts

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.

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Barons Market to Open New Otay Ranch Location

The 21,000 square foot space plans to bring approximately 50 jobs to Eastlake.

New Leader, Bigger Dry Dock Working at Shipyard

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.

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California Pacific Airlines Sets Nov. 1 Start Date

California Pacific Airlines announced it will begin scheduled service on out of Carlsbad on Nov. 1, with additional flights starting Nov. 15.

U.S. Government Picks Viasat for In-flight Satellite Services

The Pentagon has awarded Viasat as much as $560 million worth of work over eight years.

Business Events Calendar for Week of September 10, 2018

Business events planned in the county

Sharp Blames Actions By Agency for Its Exit of Accountable Care Organization

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.

Home of The Month: At Home With Nature

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.

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New Owners Were Open to Possibilities of A Garage Door

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.

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Contracting Notes: LRAD to Provide Acoustic Hailing Devices to Army

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.

ResMed Files Lawsuit Over Alleged Patent Infringements

A patent dispute between ResMed and Fisher & Paykel Healthcare has escalated.

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$65 Million Pledged for UCSD Drug Development Partnership

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.

Grants Will Deliver Nutritious, Much-Needed Meals to Kids

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.

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Friday, September 7

Sempra Declares Dividends

Sempra Energy’s board of directors declared quarterly dividends for three classes of stock on Sept. 6.

Thursday, September 6

Much at Stake in S.D. Convention Center Expansion

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.

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Gary and Mary West Foundation Helps Establish Not-For-Profit Generic Drug Co.

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 Aims to Hire Hundreds

Amazon.com Inc. plans to hire 300 high-tech employees in San Diego, more than doubling its technology workforce in the region.

Code Ninjas Leases Space In Poway Center

Company teaches computer coding to children.

Gossamer Lures Former Bristol-Myers Squibb Executive as CSO

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.

Pura Vida Leases Headquarter Offices In La Jolla

Offices were designed by Hollander Design Group.

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HREC Brokers New Mexico Hotel Deal

Two Hilton brand properties included in deal.

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Industrial Building Sold For $3.8M

Property includes office space.

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Hertzog Promoted to COO of Innovative Employee Solutions

Kara Hertzog is a third-generation employee at the San Diego-based payroll and human resources administration company.

Wednesday, September 5

Life Sciences Reporter's Notebook: Some Biotechs Find Freedom in Self-Commercialization Model

Not many biotechs in San Diego both develop drugs and commercialize them.

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$65M Pledged for Drug Development Partnership with UC San Diego

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.

Executive Q & A: Dr. Patricio Frias, Rady Children’s Hospital

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.

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Artisanal Store and Its Customers Grow Together

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.

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JPI Building Anaheim Apartment Complex

Project will have 332 apartments

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Sorrento Mesa Office Building Sold For $9.2M

Building is leased to EXP US Services

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Inscripta Acquires Solana Biosciences

Inscripta has purchased Solana Biosciences, a San Diego company led by former Illumina veterans that specializes in genomics manufacturing operations.

Kratos Receives Navy Radar Contract

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.

San Diego Company Buys Arizona Apartments For $74M

Complex has 396 apartments

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Tuesday, September 4

Anderson Named San Diego Tourism Marketing District Executive Director

Colleen Anderson's first order of business is to manage the funding grant application process for fiscal year 2020, which begins in October.

Knowles to Replace Buss as Cubic’s Defense Chief

Cubic Corp. is promoting Michael Knowles to president of its Global Defense business division, as well as corporate senior vice president.

SD 500 Update: Van Zeeland Joins Illumina; Bogle Retires from SDMAC

Ashley Van Zeeland, one of the region’s rising entrepreneurial stars in the personalized medicine space, has taken a job with Illumina Inc.

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Poway Hitches Downtown Vision to Outpost

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.

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Peer Advising Dispute Leads to Lawsuits

LEGAL: Biz Owner Wins Against Adviser, Now Going After Vistage

Peer advising groups can be a great help to CEOs — mostly.

Lamming Named COO and President of RAR Hospitality

The hotel management group oversees 18 hotels, including the Four Points by Sheraton San Diego and Fairfield Inn & Suites in Oceanside.

ResMed Files Patent Infringement Petition Against Fisher & Paykel

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.

University Heights Apartments Sold For $3.1M

Building has eight apartments

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Monday, September 3

SDBJ INSIDER: Comic-Con Plants More Local Roots, And Wins Suit

A key argument to expand the San Diego Convention Center is to ensure it remains the long-term home of Comic-Con International.

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Bots Bring Design, Data and New Possibilities To Role in Security

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.

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IPO Puts Crinetics In Position to Compete

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.

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Viasat Radio Gets NSA Approval

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 Ranked Among Top 50 Universities For VC-Backed Entrepreneurs

UCSD was the only local institution to make the list.

Hawaii-Based SoHa Living Opens in Carlsbad

This is the company's first outlet in San Diego County.

Business Calendar for Week of September 3, 2018

Events planned in the county.

Sunday, September 2

Beauty Brand Reports Debt Financing

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.

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Competition Heats Up For Student Rideshare

School is back in session and another “Uber for kids” startup has entered the San Diego market.

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EvoNexus Adds Cubic As Corporate Sponsor

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.

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Ionis Feels Effect of FDA’s Ruling

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’s New Headquarters Is a Fit in Room, Rent and Amenities

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.

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Downtown Apartment Boom Makes Room for More Millennials

Downtown San Diego is the golden child for apartment construction in 2018, according to a report from the commercial real estate brokerage firm JLL.

Submaran’s Mission Capabilities Draw Investors

The intrepid oceangoing drone called the submaran has more funding.

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SPAWAR Wants You, Tech Companies

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.

Inviting Presence Makes House a Perfect Place to Entertain

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.

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Gala Supports Home Start’s Mission of Protecting Children

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.

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Water Investments Fuel Our Growing Economy

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.

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