Latest stories
Medical Building Sold in Unusual Deal
REAL ESTATE: Pavilion Sale to Save Palomar Health $2M Annually
Palomar Health has sold the Pomerado Outpatient Pavilion in Poway in a complicated deal that the company said will save it more than $2 million annually in leasing costs.
Private Equity Activity Grows
FINANCE: Firms Expand Services to Remain Competitive
Private equity shops, alternative asset managers and other investment firms see growing opportunity in the local private equity scene.
Banner Year for Bumble Bee
MANUFACTURING: Revenue Surpasses $1B
In spite of the pandemic - or possibly as a result of - Bumble Bee Foods, LLC, had a banner year last year, according to the company.
Road Test for Achates Power
TECHNOLOGY:Walmart To Try Out Novel Engine
The day is coming when Californians won’t be able to buy new passenger cars with gasoline engines. Even so, leaders at Sorrento Valley-based Achates Power believe there will still be a need for fossil fuel engines.
Onchilles Pharma Raises $7M for Targeted Cancer Therapy
BIOTECH: Early-Stage Co. Expanding in San Diego
Onchilles Pharma, a preclinical biotechnology company developing novel cancer therapies, raised $7 million in Series A funding.
Three Satellites Get Set for Launch
General Atomics Serves Military; Viasat Eyes Worldwide Coverage
Two local satellite projects are getting closer to launch.
San Diego Museum Council Names Bob Lehman New Executive Director
Lehman was previously the executive director of the San Diego Gay Men's Chorus and the director of marketing and sales of the Phoenix Theater Cultural Center in Indianapolis.
Office Buildings Refinanced
$91 million loan
Imperial Beach Townhomes Sold
$2.5 million deal
Airport Launches Daily Nonstop Flights to Santa Barbara Via Alaska Airlines
Alaska Airlines is the only airline to offer nonstop service between the two destinations.
Oxford-based Microscope Maker Arrives in UTC
TECHNOLOGY: Seeking Global Presence, ONI Chooses San Diego as New Headquarters, Plans to Hire
Oxford Nanoimaging (ONI), the maker of a desktop microscope that lets scientists see single cells at the molecular level, has moved its headquarters from Oxford, England to the University Towne Center.
Businesses Find Many Opportunities
Advertising, Fashion, Surfing Cos. Optimistic
WowYow, a North Park-based visual artificial intelligence company, has received investment from Launch Factory and Andy Ballester, the co-founder of GoFundMe.
South County Jobs Fueled by Blue Economy and Logistics
San Diego’s Southern Region Builds Momentum Off of Coastal Location and Proximity to U.S.-Mexico Border
Location is everything when it comes to understanding what is fueling jobs and long-term growth for the South County.
Viewpoint Equities Buys Jacksonville Apartments
$75 million sale
CH Projects to Launch Downtown Members-Only Club
HOSPITALITY: The Reading Club Will Open in September at the InterContinental
Consortium Holdings, better known as the restaurant and bar group CH Projects, will soon premiere its most innovative project yet.
Plant Power to Double Locations
Revenue Up from $1.1M in 2017 to $14.5M in 2020
Plant Power Fast Food, the Escondido-based vegan fast food chain with eight locations, plans to nearly double its number of stores as well as its revenue by 2022.
MG Properties Buys Phoenix Apartments
$74.5 million sale
Westcore Acquires Two Warehouses
$108 million deal
Historic Oceanside Building Becomes Boutique Hotel
REDEVELOPMENT: Transformation of 133-year-old Structure Especially Challenging
Transforming a 133-year-old building in downtown Oceanside to a trendy boutique hotel has proven especially challenging.
Mitek Systems Makes Acquisition, Sees Record Profits
FINANCE: Firm Closes $49M Deal; Surpasses $100M in Revenues
Mitek Systems, which makes software geared to mobile image capture and identity verification, has acquired startup ID R&D in a $49 million deal.
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