BIOTECH: Co. Gets $1.4M in Seed Funding, $1.53M in Crowdfunding
A company that recently released a headset that claims to facilitate weight loss through brain stimulation has brought in $1.53 million via a crowdfunding campaign. It’s also raised skepticism, and highlighted the difference between medical products and wellness devices.
LAW: Legalization Brings Testing Requirements
In a sprawling industrial park just outside of Vista, inconspicuously tucked in a tan, nondescript building is Coastal Analytical, one of San Diego County’s few marijuana testing facilities.
UnitedHealthcare is now offering a health benefit plan to Medi-Cal beneficiaries in San Diego County.
An affiliate of San Diego-based Hotel Investment Group has acquired the 157-room Marina Inn hotel in downtown San Diego for $9.5 million.
La Jolla-based PICO Holdings Inc. has hired a financial advisor and legal counsel to explore “strategic alternatives to further enhance shareholder value,” an announcement which typically signifies interest in a merger, sale or other significant transaction.
A group has announced plans for a ballot initiative aimed at redeveloping the current Mission Valley stadium site into a western campus of SDSU.
UCSD is joining IBM-led consortium of universities working to use AI to enable healthier living.
Cooley opened its San Diego doors 25 years ago, becoming the first Silicon Valley law firm to operate here. What started with seven founding lawyers in 1992 — four of whom are still with Cooley today — has evolved into an office with more than 200 lawyers and staff. Home to firm leaders for business litigation, capital markets, compensation & benefits, M&A, real estate finance and securities litigation, the office has become one of the most respected players in the San Diego market and a key driver of Cooley’s national and global growth.
RETAIL: Store Closes Out-of-State Sites in a Strong Furniture Market
San Diego’s formerly fast-growing retailer Pirch recently announced that it was closing six of its 10 stores — all of them outside of California. But the abrupt downsizing came as the overall economy continues to be quite friendly to sellers of furniture and related home furnishings including several national chains now in the midst of local expansions.
PROPERTY: Council Measure Includes Fees, Fines and Permits
Faced with continuing complaints from local residents about noise and other nuisances created by vacationers using home-sharing sites such as Airbnb, the San Diego City Council later this month will tackle a proposed multipronged approach, including new registration fees and steep penalties for noncompliance by property owners.
Atlanta-based restaurant chain Chick-fil-A has opened its 12th restaurant in San Diego County.
San Diego-based law firm Tyson & Mendes has expanded to the East Coast with a new office in Fort Lauderdale, Florida.
Dallas-based restaurant chain Dickey's Barbecue Pit plans to open a location Sept. 28 at San Diego State University.
The San Diego region’s hotels continued to demonstrate post-recession resilience in the first eight months of 2017.