SD BUSINESS JOURNAL DAILY ENEWS

Qualcomm Upgrades Latest Chipset for Gaming, VR

Qualcomm introduced its newest chipset, the Snapdragon 855 Plus, which includes improvements that make it better suited to gaming and virtual reality.

El Cajon Apartments Sold For $12.8M

Sale included 66 apartments

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PriceSmart Reports Profit of $14.1 Million in Third Quarter

According to the release, the company had profit of 46 cents per share and earnings, adjusted for non-recurring costs, were 55 cents per share.

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Valley Center Project To Bring 632 Homes

HOUSING: Retail Center to Be Part of Complete Community

A $400 million housing and commercial development that will transform the face of Valley Center in San Diego’s North County is taking shape on land that was once a dairy farm.

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Analysts Stick By Illumina After Stock Sell-Off

Illumina analysts are still bullish on the company after a lowered revenue estimate prompted a stock sell-off.

Sony Launches $185 Million Tech Fund

Sony launched a new fund, Innovation Growth Ventures, to invest in tech startups.

ACC Adds San Diego to Bowl Destination for 2020-2025

According to the press release, the conference will now send a team to the San Diego County Credit Union Holiday Bowl.

Platform Science Looks to Get Telematics Systems Working Together

Company Has Raised $28M, Plans to Start With Bigger Fleets

A number of tech firms are trying to overhaul the trucking industry.

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Hotel Annex Development Aims to Be Catalyst for Change

PROPERTY: Mixed-Use Even Draws the Developer To Relocate Its Office

To some, downtown San Diego’s C Street near City Hall is a sad place with boarded-up buildings where people live on the sidewalks.

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Fresno County RV Park Sold To San Diego Company For $3.2M

Park is along the Kings River

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San Diego Apartment Complex Sold For Nearly $2.2M

Complex has eight apartments

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Mercato Closes $4M Funding Round

E-Commerce Startup Aims to Deliver for Independent Grocers

Mercato, a San Diego startup building an e-commerce platform for independent grocers, recently closed a $4 million funding round.

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Wave Machine Business Has Momentum

RECREATION: Local Cos. Look for the Right Artificial Waves to Draw Customers

With the growing popularity of surfing as a sport and the advancement of manmade surfing technologies in recent years, experts in the industry predict surf parks are going to be everywhere in the near future.

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Co. Buys $20M Office, Plans Big Renovation

PROPERTY: Peak Rents Expected for Creative Office and Amenities

RAF Pacifica Group, one of North County’s most prolific commercial real estate builders, is capitalizing on soaring demand for office space as rents are reaching an all-time high.

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Tyson Sees Need for 100 Additional Attorneys

LAW: Firm Nearly Doubled Revenue in 2018 to $40.6M

Tyson & Mendes LLP is experiencing quite a growth spurt, practically doubling its revenue in 2018 to $40.6 million.

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VetStem Keeps Pets In Their Starring Roles

Poway-based VetStem Biopharma, a privately held regenerative veterinary medicine company, showed its star qualities in the film, “Animal Pharm: Where Beasts Meet Biotech.”

Incubator Shuts Down Amid Allegations

STARTUPS: Eleven Companies Affected By Sudden Closure

With its CEO and board members facing allegations in a civil lawsuit, tech incubator ThinkTank Innovation Inc. suddenly shut down on July 8.

GroGuru Names EvoNexus’ Moore To Its Board

Agtech Co. Developing Sensors to Monitor Moisture, Salinity

GroGuru, a San Diego startup building sensors for crops, named EvoNexus CEO Rory Moore to its board on July 1.

Research Reactor at GA in Demand

Torrey Pines Campus Hosts Dept. of Energy Fusion Work

Though its defense contracting businesses get more press, General Atomics was founded on atomic energy. The company still does interesting work in the field.

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The Military Buys Everything, Including Plumbing Services

Logistics Work Adds Up for General Atomics Aeronautical

The following are selected defense contracts awarded to San Diego County companies in late June and early July.

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