Stories for July 2019

Wednesday, July 31

Troubles in China Hit Qualcomm's Stock

Slower demand for 4G phones and Huawei's gaining market share in China led Qualcomm to cut its sales forecast for next quarter.

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Qualcomm on Pace to Spend $8M on Lobbying

TECH: Protecting Licensing and Chip Sales Often Done Subtly

Qualcomm Inc. isn’t in the clear, yet. As it once again faces several key regulatory decisions this year, the fabless semiconductor company spent $4.29 million in lobbying in the first half of 2019, according to the Center for Responsive Politics’ lobbying database.

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Northrop Grumman Names Customers for Long-Endurance Firebird Aircraft

Company Sees More Than a Military Future for Unusual Vehicle

For the first time, Northrop Grumman Corp. has announced customers for its Firebird aircraft, built for intelligence, surveillance and reconnaissance, or ISR.

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SDSU Grad’s Education Software Startup Raises $5M

After CourseKey was founded by an SDSU undergraduate, the company raised $5 million in a series A round.

Q2: Dexcom’s Revenue Rises 39%

In second quarter earnings Dexcom continued fast growth with a 39% year-over-year increase in revenue.

Unique Design, Licensing Deals Drive Watch Sales

RETAIL: Co.’s Materials Are Sourced From All Over the World

To pivot on a good idea is to come out with something better. These are the words that prompted brothers Ryan Beltran and Andrew Beltran to launch their watch company...

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Cidara’s Drug Candidate Meets Clinical Trial Objectives

A drug candidate from Cidara Therapeutics aimed at invasive fungal infections hit its mark in midstage clinical trial results, the company recently reported.

El Jardin to Close and Reopen as El Jardin Cantina

Liberty Station's El Jardin will shutter its doors for four weeks and reopen on Aug. 28 as El Jardin Cantina, a casual Mexican food eatery.

Tuesday, July 30

NuZee Lands Co-Packing Deal with Kraft Heinz Co.

NuZee will prepare and package coffee by Kraft Heinz into a single serve pour-over pouch for sale under the Gevalia Kaffee brand.

Turning Point Names Yi Larson as CFO

Cancer drugmaker Turning Point Therapeutics has tapped investment banker Yi Larson as the company’s chief financial officer.

Retail Sector Sees Mixed Results, Clearly Favors Power Centers

Rents Rise at Big Properties, As Investors Shy Away From Strip Centers

Retail property finished the first half of 2019 with a mixed performance as investors went after top centers with multiple offers but shied away a bit from space in some neighborhood strip shopping centers.

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Bike the Bay Looks To Build Cycling And Tourism

Roughly 50% of Riders Are Locals, 10% Are From Arizona

San Diego’s annual Bike the Bay fundraiser is a fun, casual and rare opportunity to go across the San Diego-Coronado Bridge and travel through five cities via the Bay Shore bike lane.

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SoftStack Helps Coders Get Their Foot in the Door

A 24-Week Program Costs Less Than $1,000 And Opens Opportunities

Coding bootcamps can be an intriguing option for young professionals looking to make a career change, but they come with a significant cost.

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Beauty Co. Raises $20M in Funding

RETAIL: Kopari Plans Worldwide Expansion

In early July, Unilever and L Catterton Growth Fund closed a $20 million funding round for Kopari Beauty.

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Company Ready to Grow in $3 Trillion Market

MANUFACTURING: Plant Based Chemicals Bring Innovation, Sustainability

Fresh off of his company’s first acquisition, Genomatica CEO Christophe Schilling hopes to grow the sustainable chemicals company into new segments.

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Since January, Five New Hotels Have Opened

S.D. Market Still Booming Even With Some Big Projects on the Way

More hotels were built in California in the first six months of 2019 than ever before. San Diego County led the record-breaking pace, according to a report by Atlas Hospitality Group.

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Acadia's Stock Drops After Weak Results in Schizophrenia Study

Study Sought to Expand Drug’s Indications; It Is Already Used in Parkinson’s

Acadia Pharmaceuticals recently said that its drug failed to improve the overall symptoms of schizophrenia compared with a placebo in a late-stage clinical trial.

Monday, July 29

Illumina’s Q2 Results Fall Short of Expectations

In second quarter earnings Illumina said revenue grew only 1% year over year, an atypical financial miss for the giant of DNA technology.

Port of San Diego Selects San Diego Co. for Chula Vista Bayfront Path Construction

According to a July 29 press release, the construction contract was awarded to 3-D Enterprises, which had a winning bid of nearly $4.3 million, during a meeting held July 24th.

Mission Hills Apartments Sold For Nearly $4.9M

Complex has 24 studio apartments

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UTC’s Success Story

DEVELOPMENT: From Open Land to One of San Diego’s Hottest Submarkets, UTC Has Embraced Big Changes

Rabbits are what Barry Bernstein remembers about UTC from when he bought his house in a nearby University City neighborhood in 1969.

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Northrop Grumman to Retrofit Triton Aircraft

Two Contracts Worth $33.8M and $14.2M

The following are selected defense contracts awarded to San Diego County companies in mid-July. The U.S. Department of Defense releases a digest of contract awards daily at 5 p.m. Eastern Daylight Time.

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SDBJ INSIDER: Defeating the Red Light Blues

Last night with my valuable cargo in the backseat of the car — a large deluxe Bronx Pizza — I battled the traffic lights and lost, stopping at five of them on El Cajon Boulevard.

AgReliant Taps SlantRange for Its Plant Monitoring

Co. Equips Drones With Sensors, Also Provides Analytics

SlantRange, a San Diego startup building software for agricultural drones landed a partnership with a major crop company on July 23. SlantRange is working with AgReliant Genetics, the third-largest seed corn company in North America, to better monitor plant traits in its field trials.

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‘Great Price Deceleration’ Pumps the Brakes on Rising Home Prices

Firm Predicts 1% Drop In S.D. Housing Prices Going Into 2020 On the Way

San Diego County’s housing market has got a slight case of the doldrums.

Sunday, July 28

New CEO, $175M IPO Help Turning Point's Cancer Fight

MEDICINE: Strong Results Draws Investors

A class of drugs called tyrosine kinase inhibitors proved to be a breakthrough in cancer. But there’s a hitch: Tumors can develop resistance to the drugs.

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ResMed Reports Q4 Earnings of $69M

San Diego-based ResMed reported $705 million in fourth quarter revenue, a 13% year-over-year increase.

Apple to Buy Intel’s Modem Business for $1 Billion

Apple will buy Intel's smartphone business for $1 billion, in a deal that's expected to close in late 2019.

Morena Industrial Building Sold For $16.3M

Building is fully leased

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Southwest Airlines to Expand Service from San Diego to Hawaii

According to the release, more details on the additions will come in the following weeks.

Two Startups Split $1 Million Prize for Health Competition

Docfully and Vizier each will take home $500,000.

North Park Apartments Sold For $3.6M

Complex has 10 apartments

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National City Complex Sells for $2 Million

A National City apartment complex has sold for nearly $2 million in a transaction.

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Three Complexes Sold in $12.8M Deal

Three El Cajon apartment complexes have been sold in a single transaction for a combined price $12.8 million.

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Spring Valley Complex Brings $5M

A Spring Valley apartment complex has been sold for $5 million.

Bankers Hill Complex Brings $4M

A gated Bankers Hill apartment complex has been sold for $4million.

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Breakfast Eatery Adds a Side of Empowerment

Co. Gets Beer and Wine License, Has Smooth Opening

Breakfast B*tch, a breakfast and brunch restaurant located in Hillcrest, may have an expletive in its name, but it appears a little profanity isn’t keeping customers away.

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City Heights Apartments Sell for $2.2 Million

A City Heights apartment complex has been sold for about $2.2 million.

Illumina Accelerator Chooses Cambridge As Its Second Location

Company Wants International Presence to Support Growing Ecosystem

An Illumina program that mentors and invests in early-stage genomics companies is expanding to the U.K.

Apartment Complex Sells for $2.9 Million

A San Diego apartment complex has been sold for $2.9 million.

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Thursday, July 25

Palomar, Graybill Medical Look at Possible Pact

HEALTH: Affiliations Seen As Way to Cut Costs, Avoid Duplications

Palomar Health wants to deepen ties with a decades-old private physician group in a bid to control costs and closely coordinate patient care.

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Cubic Corp. Begins Construction On $100M Headquarters

TECH: Company Received $8.5M in Tax Credits For the Project

Cubic Corp. has started construction of new corporate headquarters in Kearny Mesa that will consolidate its San Diego operations into one site.

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Weisinger to Take Top Role At Stella Labs

New Leader Hopes To Extend Reach Across the U.S.

One of San Diego’s longest running startup accelerators for women has a new leader at the helm.

General Atomics Aeronautical Systems Gets $275M Order

Aircraft, Ground Electronics Are Part of U.S. Army Deal

The following are selected defense contracts awarded to San Diego County companies in mid-July. The U.S. Department of Defense releases a digest of contract awards daily at 5 p.m. Eastern Daylight Time.

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Developer Delighted With Ocean Beach Location

BUILDING: Mexican Eatery Is Part of Plan; Mixed-Use Also Possible

Developer Tim Foley has acquired the rights to develop 27,000 square feet of land in Ocean Beach a block from the Ocean Beach Pier.

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Trefoil Gets $28M Series A to Work on Vision Diseases

In Connection With Round, Company Takes On New Board Member

San Diego biotech Trefoil Therapeutics recently brought in a $28 million Series A round for work on vision diseases.

CommonGrounds Expands to Washington D.C.

With $100M Backing Co. Aims For 50 New Locations in 2 years

CommonGrounds Workspace is going to Washington.

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Cradle Genomics Gets $17.1M Series A Round

Cradle Genomics Gets $17.1M Series A Round

A startup led by former Illumina executives that wants to advance prenatal testing recently landed a $17.1 million Series A round.

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Ligand Pharmaceuticals Buys Ab Initio Biotherapeutics for $12M

Ligand Pharmaceuticals – a San Diego biotech that helps pharmaceuticals discover and develop medicines – acquired Ab Initio Biotherapeutics for $12 million.

Wednesday, July 24

Margaritaville Island Resort to Open in San Diego

Davidson Hotels & Resorts, which currently operates Paradise Point Resort & Spa, will continue to manage Margaritaville Island Resort once renovations are completed, according to the release.

ID Analytics Names New CEO

ID Analytics named its former vice president of sales, Matt McAluney, as its new CEO.

Oceanside Hotel Refinanced with $20.7M Loan

Hotel opened in 2014

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Kensington Apartment Complex Sold For $2.4M

Comoplex has eight apartments

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ViaCyte Adds Two Board Members

ViaCyte – a San Diego biotech working on stem cell-derived therapies for diabetes – added two members to its board: Paul Hastings and Ian Smith.

Pacific Beach Apartments Sold For $2.5M

Complex has seven apartments

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San Diego Team Brokers Inland Empire Hotel Sale

Hotel was renovated in 2017

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Parallel’s $50M Buy Is Just the Beginning

PROPERTY: Company Invests in Promising Submarkets

San Diego-based Parallel Partners has acquired a Kearny Mesa office complex — Sky Park Office Plaza — for $50.6 million in the first of what company Principal Matt Root said will be several San Diego acquisitions.

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Tuesday, July 23

Sanford Gift to Fund Compassion Research at UC San Diego

San Diego philanthropist Denny Sanford made a major gift to UC San Diego for research into the biology of compassion. Such research could help train future generations of physicians.

Acadia's Drug for Schizophrenia Falls Short of Expectations

Acadia Pharmaceuticals’ drug failed to improve the overall symptoms of schizophrenia compared with a placebo in a late-stage clinical trial.

San Diego-Based HireAHelper Acquired by Porch

According to a press release, HireAHelper will remain in its Oceanside headquarters. HireAHelper adds 75 employees to Porch’s more than 800 employees.

San Diego Apartments Sold For $2.9M

Complex has 12 apartments

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Independent Owners, Big Brand Drive UPS Store

FRANCHISING: Retail Network Revenue Exceeds $2B

What began in 1980 as a convenient alternative to the post office, where people could ship packages and make copies, has grown into a multibillion-dollar network of more than 5,000 stores that offer a range of products and services including packing, shipping, printing, office supplies and passport photos.

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We Tha Plug Looks to Connect With Community Startups

TECH: It Offers Guidance, Resources and Mentorship to Help Companies

A crowd of entrepreneurs, tech workers and curious listeners gathered at Blink’s offices in downtown San Diego.

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Sony, Daiwa Plan Innovation Fund To Back Startups

Plan Is to Raise $185M For Backing Companies in Key ‘High-Growth Industries’

Three years after stepping back into corporate venture capital, Sony Corp. is upping its investment into promising tech startups.

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Medical Condo Brings $11.9M In Rare Deal

Ranks as One of Highest Deals for Such a Property In San Diego

A Maryland real estate investment trust has acquired a San Marcos medical condominium unit for nearly $11.9 million in a transaction that is unusual because of its nature and the size of the deal.

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Group Effort Has Kept Comic-Con In San Diego

TOURISM: Convention Center Expansion Still Appears to Be a Must

Thanks to efforts from Comic-Con International the San Diego Convention Center Corp., and other local groups, Comic-Con recently announced that it has extend its agreement at the convention center through 2024.

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SlantRange Lands Partnership with Major Seed Research Company

AgReliant Genomics will use the startup's new aerial phenotyping solution.

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Monday, July 22

Century Club Names New CEO of Farmers Insurance Open

According to a press release, Marty Gorsich, who joined the Century Club April 2012 and has served as COO since 2016, will replace Peter Ripa, who will leave Century Club at the end of July after eight years as CEO.

Spring Valley Apartments Sold For $5M

Complex has 28 apartments

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Sunday, July 21

Qualcomm To Appeal EU’s $272 Million Fine

The European Commission fined Qualcomm for $272 million. Qualcomm said it plans to appeal the ruling.

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Carlsmed Merges with Precisive Surgical

Carlsmed and Precisive Surgical are merging to develop personalized devices for spine surgery.

SANDAG, Navy to Explore Mass Transit Options for Airport

Old Town Property Could Accommodate Both Transit, Navy Needs

An agreement between the Navy Region Southwest and the San Diego Association of Governments has been signed that could potentially bring greatly improved public transportation to the San Diego International Airport.

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Technology, Collaboration Influence the Employee’s Habitat

REAL ESTATE: Diverse Business Models Spur Mix of Remote, On-Site Work

The needs and the abilities of a company workforce are not the same as they were only a few years ago. So the office is changing, morphing and stretching.

Pacific Beach Apartments Bought For $3.7M

A Pacific Beach apartment complex has been sold for $3.7 million.

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Integrity Bottles Taps Its Niche Market With Amazon’s Help

Company. Forecasts More Than $1 Million in Revenue for 2019

The Navy was where Zachary Lewis launched his military career as a special worker. It was also where he kicked off his side hustle turned main hustle: Integrity Bottles.

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Fresno County RV Park Sold to San Diego Co. For $3.2M

A San Diego company has acquired a recreational vehicle (RV) park in Fresno County for about $3.2 million.

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Industrial Building in San Marcos Bought For $3.9M

A San Marcos industrial building has been sold for $3.9 million.

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Affordable Housing Co. Completes $48.1 Million Mountain View Project

Chelsea to Extend Its Reach North With $41.7M Irvine Project

Chelsea Investment Corp. - one of San Diego County’s most active producers of affordable housing — has wrapped up a $48.1 million Mountain View project that will provide 143 apartments for low-income households.

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San Marcos Mobile Home Park Sold For $11.5M

A San Marcos mobile home park has been sold for $11.5 million.

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Financial Results ‘Disappoint’ Illumina, It Now Expects FY Revenue Growth of 6%

CEO Calls the Preliminary Results Transitory

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

Oceanside Retail Building Changes Hands in $11M Deal

An Oceanside retail building that is anchored by T.J. Maxx and Goodwill Industries of San Diego has been sold for $11 million.

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San Diego Apartment Complex Sold For Nearly $2.2M

A San Diego apartment complex has been sold for nearly $2.2 million.

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Friday, July 19

Northrop Grumman Fire Scout Ready to Fight

Unmanned Helicopter Passes the Point of Initial Operational Capability

The U.S. Navy has declared that an unmanned helicopter built by Northrop Grumman Corp. is ready for prime time.

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Thursday, July 18

Bankers Hill Apartments Sold For $4M

Building will be renovated

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San Diego Startups Raised $889 Million in Q2

San Diego startups raised just over $889 million in the second quarter of 2019, a slight increase from last year.

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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Scripps Research Leading International Partnership For HIV Vaccine

NIH Division Will Provide Grant of $129 Million

An international partnership led by Scripps Research on July 10 pulled in a $129 million grant to bring a potential HIV vaccination into clinical testing.

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These San Diego Biotechs Fell Hard, But Managed to Bounce Back

Biotechs recover momentum after being written off

Once pegged as goners, San Diego life sciences companies like Neurocrine, Arena Pharmaceuticals and Tandem Diabetes Care made comebacks. Their stories shed light on how to weather an industry in which companies expand and contract like an accordion based on clinical trial results.

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PlantBased PopUP Feeds Mind & Body

Clients Want Experiences; Restaurants Get a Draw For New Customers

As San Diego continues to be touted as one of America’s top foodie cities, restauranteurs and chefs around town are staying innovative in order to keep the offerings...

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In Age of Amazon, Swap Meet Looks to Make Events Special

Goal Is to Have Event Each Month to Stop or Stabilize Revenue Decline

In the face of online retailers like ebay and Amazon and big-box retailers like Target and Walmart, San Diego’s Kobey’s Swap Meet is reinventing itself in order to stay in the game.

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Palomar, Graybill Medical Look at Possible Affliation

Graybill Medical Group and Palomar recently agreed to negotiate a formal affiliation agreement, a move that Palomar says isn’t so much about competition but nonetheless could ripple through North County’s health-care landscape.

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Illumina Expands Startup Accelerator Program to the U.K.

An Illumina program that mentors and invests in early-stage genomics companies is expanding to the U.K.

Wednesday, July 17

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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Startups Claim Slice of a Changing Medical Device Market

HEALTH: $800 Billion Market Is Expected By 2030

The news coming out of San Diego’s medical device scene usually centers on the big dogs: Dexcom, ResMed and Nuvasive.

Alliance Healthcare Foundation Hires New Executive Director

Sarah Lyman has been hired as the executive director of the Alliance Healthcare Foundation, a nonprofit that provides grants to nonprofits that boost health care access for those in need.

Woodstock’s Pizza Names New Chief Operating Officer

Woodstock’s Pizza was founded in 1978 and is co-owned by Jeff and Laura Ambrose.

City Heights Apartments Sold For $2.2M

Complex has 11 apartments

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National City Apartments Sold For Nearly $2M

Complex has nine apartments

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The Plunge’s $12M Renovation Makes a Splash

Pacifica Tapped Lusardi, Hollis Design and Jules Wilson Design

Amid much fanfare, San Diego’s landmark Plunge swimming pool reopened in Belmont Park over the July Fourth weekend after a $12 million makeover that took nearly three years to complete.

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Longfellow Continues Buying Strategy With $26 Million Research Park

A Chicago-Based Company Buys 2 Building Medical Office Campus for $90M

Life science and medical office space drew significant investment in two recent San Diego transactions.

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DOJ Asks Court to Pause Antitrust Enforcement Against Qualcomm

In an amicus brief filed Tuesday, the U.S. Department of Justice asked an appeals court to grant Qualcomm's request for a stay.

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Nominations Are Open for Next Top Business Leaders Under 40

Nominations are now open for the San Diego Business Journal’s 2019 Next Top 40 Awards.

Tuesday, July 16

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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Frontier Airlines Adds Low-Cost Nonstop Flight from San Diego to Phoenix

According to the press release, Frontier Airlines' new service from San Diego to Phoenix starts Nov. 14, from Monday-Saturday and will have an introductory fare of approximately $29.

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Law Firm Relocates Downtown to Improve Services for Clients

Takes 7,100 Square Feet in Irvine Co. Building at 501 W. Broadway

Bucking what had been a trend of sorts for law firms to leave downtown San Diego for suburban locations, Stoel Rives picked a very urban location for is new offices.

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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.”

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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QDOBA Appoints New Corporate Executive Chef

According to a press release, Katy Velazquez most-recently worked as the creative executive chef of Puesto, a local modern Mexican restaurant chain, before joining QDOBA.

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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Cradle Genomics Lands $17.1M Series A Round for Prenatal Testing

A startup led by former Illumina executives that wants to advance prenatal testing recently landed a $17.1 million series A round.

Trefoil Therapeutics Secures $28M Series A Round

San Diego biotech Trefoil Therapeutics recently brought in a $28 million series A round for work on vision diseases.

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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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.

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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El Cajon Apartments Sold For $12.8M

Sale included 66 apartments

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Monday, July 15

San Diego Tech Cos. Need to Hold on to Those Hires

WORKFORCE: Arrival of Big Cos. Changes Labor Market

Tech companies in San Diego should prepare for a coming storm. With high-paying companies such as Inc. and Apple Inc. coming to town..

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Sunday, July 14

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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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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StemoniX’s Growth Pushes It Into New Larger Facility

Its microOrgan Platform Provides More Human-Like Testing Opportunities

StemoniX — a San Diego biotech that grows micro organs from stem cells for drug testing — moved into a larger research facility this month.

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Industrial Warehouse Leased for $2.4M

An El Cajon industrial warehouse has been leased for $2.4 million.

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Historic Mixed-Use Building Sells for $6.3M

A historic mixed-use building in downtown San Diego’s Gaslamp Quarter has been sold to an undisclosed buyer for nearly $6.3 million.

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Office Building Brings $5.8M

A Kearny Mesa office building has been sold for $5.8 million.

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Miramar Office Building Bought For $13.9 Million

A Miramar office building has been sold to Tappan Corp. of Lake Forest for $13.9 million.

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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.

Complex Sold For $2.5 Million

A Golden Hill apartment complex has been sold for $2.5 million.

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PCI Leases Building In Technology Park

Irvine Co. Office Properties has leased a 38,000 square foot building in Sorrento Mesa to PCI Pharma Services.

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Friday, July 12

UC Board of Regents To Receive $50M in Settlement From USC

It Was Alleged That School Poached Research Program; USC Admits Ethics Lapses

The University of Southern California will pay UC San Diego $50 million to settle a lawsuit that alleged USC improperly commandeered an Alzheimer’s

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Thursday, July 11

Parkinson’s Disease Drug from Neurocrine Accepted for U.S. Review

The U.S. Food and Drug Administration will consider giving marketing approval to Neurocrine Biosciences’ drug for Parkinson’s disease.

Illumina Shares Fall on Lower Revenue Expectations

Illumina’s stock fell 16% in after-hours trading after the company reduced its revenue expectations for the second quarter and the rest of 2019.

Airport Is One Step Closer to Mass Transit Option

A collaboration between the U.S. Navy and SANDAG, the San Diego Association of Governments, will allow the parties to explore possible options for redevelopment of the Naval Base Point Loma Old Town Campus, near San Diego International Airport.

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San Marcos Mobile Home Park Sold For $11.5M

The park has 93 spaces.

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South Pacific Tuna Corp. to Sell Over Half of U.S. Fishing Vessels

According to a press release, the sale will bring the company’s fleet down to six by the end of 2019 and reduce production by 70,000 tons of tuna.

Pacific Beach Apartments Sold For $3.7M

The complex has eight apartments.

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Harvesting Tools Aim At Cannabis Market

MANUFACTURING: Co. Forecasts $12 Million in Revenue for 2019

Cullen Raichart has always had a knack for mechanics and machinery. As a teenager, he remembers helping his dad solve a problem he had with a machine by taking a part out of another machine and putting them together.

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Community to Get Needed Retail Space

PROPERTY: 90,000 Square Feet Planned

After several false starts, a redesigned retail portion of San Elijo Hills Town Center that will include the final pieces of the more than 3,500-home community covering 1,920 acres in southwest San Marcos is nearing completion.

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Carlsbad-Based Coworking Company Expands to Washington D.C.

Carlsbad-based coworking company signed a lease to open a new space in Washington D.C. It's the fourth lease the company has signed so far this year.

Wednesday, July 10

Scripps-Led Effort Receives $129M Grant for HIV Vaccine

An international partnership led by Scripps Research on July 10 pulled in a $129 million grant to bring a potential HIV vaccination into clinical testing.

Oceanside Retail Building Changes Hands in $11M Deal

The 42,646 square-foot Tri-City Crossroads building at 3817 Plaza Drive was bought and sold by private investors who were not identified.

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San Marcos industrial Building Sold For $3.9M

Building has retail, office and warehouse space.

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Healthy Times to Expand Distribution in Canada

According to a press release, Healthy Times is also launching two new products, including an organic baby teether and snack pack versions of its Hugga Bear Cookies.

Thirty Three Threads Sock and Accessories Company Signs Distribution Deal

According to a press release, Thirty Three Threads will now sell Salt & Honey’s microfiber grip products via more than 4,000 accounts in the United States and Canada as a result of the agreement.

Ra Medical Addresses Manufacturing Issues

BIOTECH: Legal Battle Is Ahead For Company

After a $66.3 million initial public offering in September of 2018, Ra Medical Systems has tumbled.

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Brain Corp. to Open Its First European Headquarters

Amsterdam Selected for Its Established Ecosystem Supporting AI and Robotics

Brain Corp., a San Diego company developing technology that allows industrial cleaning robots to drive themselves, plans to open its first European offices in the Netherlands.

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Tuesday, July 9

New CEO to Lead PSemi in Producing Next Billion Chips

Semiconductor Maker Expects To Continue Growth Trajectory

Sumit Tomar took on the CEO’s role at Miramar-area semiconductor maker PSemi Corp. on July 1.

Nanome Creates Platform To Visualize Molecules In 3-D Interface

Company Licenses Out Its Software on A Subscription Basis

While pursuing his degree in nanoengineering program, Nanome founder and CEO Steven McCloskey had an idea: Why not create a tool that makes it easier to visualize molecules, using computer graphics?

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Dementia Work Earns Bioengineer Recognition

Hsu Expands Gene Editing To RNA

A bioengineer at the Salk Institute for Biological Studies who is redirecting gene-editing technology to target dementia has been named toMIT Technology Review’s annual list of Innovators Under 35.

Innovative Industrial Properties Inc. Acquires Michigan Property

The purchase price for the industrial space was approximately $4.8 million.

Incubator Shuts Down Amid Controversy and Pending Lawsuit

ThinkTank Innovation, a new tech incubator in UTC, shut down on Monday after its CEO and board were hit with fraud allegations in a lawsuit.

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GA-ASI Gets $80M Logistics Deal for Gray Eagle Aircraft

Northrop Grumman Receives $7M for Airborne Data Link

The following are selected defense contracts awarded to San Diego County companies in late June. The U.S. Department of Defense releases a digest of contract awards daily at 5 p.m. Eastern Daylight Time.

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Conditions Improve for Proton Therapy Center

Facility Sees Uptick in Patients, Evolving Insurance Status

San Diego’s only proton therapy center has reported higher patient volumes following a campaign to reach more oncology practices and insurers slowly coming around to the cancer treatment.

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Monday, July 8

Bank Raises $10M in Private Placement

Private Bancorp of America Inc., the La Jolla-based parent of CalPrivate Bank, said it recently completed a $10 million private placement of common stock.

Jack in the Box Inc. Completes Sale of $1.3 Billion in Bonds

As per the purchase agreement, the Master Issuer is allowed to borrow up to $150 million of its Series 2019-1 Class A-1 notes on a revolving basis.

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Golden Hill Apartments Sold For $2.5M

Complex has 10 apartments

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Prometheus Laboratories Acquired, Set to Lay off 72 Employees

San Diego subsidiary Prometheus Laboratories is slated to lay off 72 workers after being acquired by local company Precision IBD.

Robot Ice Cream Vendors Bring In $16M in FY2019

TECHNOLOGY: For Reis & Irvy’s, Disruption Is Dish Best Served Cold

A developer of robotics, automation and AI technologies, San Diego-based Generation NEXT Franchise Brands Inc. is the parent company to Reis & Irvy’s Inc.

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After $12M Series B, eSubTurns to Team Building

TECH: Construction Software Co. Got In Early, Adds New CTO

Fresh off a $12 million funding round, construction software startup eSUB is quickly building its business.

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Port Program Performs Well

Talk about experiential marketing.

Sunday, July 7

Conditions Improve for Proton Therapy

health: Facility Sees Uptick in Patients, Evolving Insurance Status

San Diego’s only proton therapy center has reported higher patient volumes following a campaign to reach more oncology practices and insurers slowly coming around to the cancer treatment.

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New $8 Million Luxury Apartments Keep Connection to the Past

Cottages Are Rentable Units As Well as Design Elements To Complement Buildings

A North Park apartment project that blends 1920s cottages with sleek new structures overlooking Florida Canyon is on schedule to be finished in mid-July by Wright Management.

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Stos Partners Picks Up $25M in Industrial Buildings

A Lack of Supply and Many Aging Properties Make Sector a Good Bet

Stos Partners, a commercial real estate investment and management firm based in Encinitas, has gone on a buying spree that underscores the health of the industrial real estate market.

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Iron Fist Brewing’s Lager Shines at Walmart’s Open Call

San Marcos-Based American Agave Expects To Be in Store in 2020

San Diego-based San Diego-based Iron Fist Brewing Co. has got the magic touch, as well as the right product, according to <Walmart.Iron Fist Brewing Co. has got the magic touch, as well as the right product, according to Walmart.

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Valley View Casino Unveils $50 Million Expansion

18 Month Project Brings More Restaurant, Casino And Gathering Space

San Diego’s Valley View Casino & Hotel has completed its 18-month-long $50 million expansion. Founded in 2001, the San Pasqual Band of Mission Indians’ casino, located just east of Escondido and south of Temecula, held a ribbon cutting ceremony July 3 for the unveiling, according to the casino.

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Mirati Therapeutics Raises $234.3M in Public Stock Offering

Funds to Advance Lung Cancer Drug And Other Programs

Mirati Therapeutics Inc. has fresh funding to push its pipeline forward.

Binational Care Deal Failed To Materialize

SIMNSA Had Tapped Scripps as a Consultant

Scripps Health is no longer partnering on a Mexican hospital geared toward cross-border care.

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SAN Is First Airport In Nation to Install Battery Energy Storage System

SUSTAINABILITY: Energy Usage Data Will Decide Optimal Charge, And Discharge Times

San Diego International Airport has become the first airport in the United States to install a battery energy storage system.

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SDBJ INSIDER: Port Program Performs Well

My favorite Port of San Diego waterfront event was when the Big Bay Boom lit up my life from several miles away in 2012 when all the fireworks went off at once.

Unusual Mixed-Use Brings Apartments to Condo Country

Property: Developer, Church Devise Bankers Hill Project

After years of planning and a few false starts, St. Paul’s Episcopal Cathedral has made a deal to redevelop property it owns in Bankers Hill into apartments and new church offices.

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General Atomics Satellite Rockets Its Way Into Space

Orbital Test Bed Goes Into Orbit With Diverse Cargo

General Atomics Electromagnetic Systems Group announced that SpaceX successfully launched its Orbital Test Bed satellite early in the morning of June 25.

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Boutique Hotel’s $80M Renovation Impresses

TOURISM: Property’s Past Gives It Unique Personality

Walk into the newly-opened The Guild Hotel, a Tribute Portfolio Hotel, and there’s a sense of having stepped back in time, but not.

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Navy Courts Small Business In Gold Coast

The Annual Event Can Help Newcomers To Government Contracting

Government contractors — not to mention business people who would like to get contracts — have a unique opportunity this month to hear what the U.S. Navy and other government offices are in the mood to buy.

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Startup San Diego’s Executive Director Leaving for Bay Area

Board Will Select New Leader; Russell Will Leave in July

Jarrod Russell, Startup San Diego’s first full-time executive director, will leave for the San Francisco Bay Area this summer.

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Dempsey Takes Unusual Early Role in Project

CONSTRUCTION: Crafting This Learning Environment Called for Creative Touches

A drab, run-of-the-mill Kearny Mesa office building has been transformed into a magical land of airplanes and spacecraft in a school that’s carefully designed to meet the special needs of autistic children.

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Port Gives Key OK to Bay-Front Project

TOURISM: $300M in Bonds to Be Sold By Joint Powers Authority

With a key permit at long last in hand, the developer of a $1.1 billion resort and hotel on Chula Vista’s bay front along with Chula Vista and Port of San Diego officials say they’re ready to move ahead with financing the project.

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Friday, July 5

Co. Is Looking for Developer to Take Over Townhome Project

Spring Valley Site to Have Nearby Park and Single-Family Housing Development

San Diego developer Doug Wilson is looking for someone to step in and take over a Spring Valley townhome development he’s been working on since acquiring the land in 2014.

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CureMatch Brings New First On Board Company

New Position Ensures Compliance in Technology

CureMatch, a San Diego startup that uses algorithms to match patients with cancer treatments, is building out its executive team. The company hired first Chief Technical Officer, Viktor Novy.

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Thursday, July 4

Judge Denies Qualcomm’s Request for Stay in Antitrust Ruling

District Judge Lucy Koh denied Qualcomm's request for a stay after she found the company's licensing practices violated antitrust law.

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Jack in the Box Inc. Securitization Priced at $1.3 Billion

According to a press release, the 2019 bonds, or Notes, are expected to be issued in a privately placed securitization transaction.

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Progenity Partners with Hospital to Develop Preterm Birth Test

San Diego-based Progenity is partnering with NYU Winthrop Hospital to develop a test to determine the risk of preterm birth.

JLL acquires HFF

Both firms have San Diego offices in UTC

Swoop Airlines to Fly To and From San Diego This Winter

According to a press release, Swoop has added three times weekly service (Thursday, Friday and Sunday) between San Diego International Airport and both Edmonton International Airport and Abbotsford International Airport.

Kearny Mesa Office Building Sold For $5.8M

Building was renovated in 2015

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Three Local Companies Have Gone Public So Far This Year

VC Cash Flowing Gives Cos. Options; In 2018, S.D. Startups Raised $2.5B in Venture Capital

Even as the number of IPOs dipped across the U.S., California saw an uptick in companies making the jump to go public, driven by large venture capital investments. San Diego was no exception, with three companies making their public debut so far this year.

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Federal and Military Leaders Take Tours Of 6 Tech Companies

Goals Are to Find Best Practices, Boost Resilience

Dignitaries from the U.S. Department of Homeland Security, including the department’s chief information officer, visited six San Diego technology companies on June 24 and 25 for a look at how the region is evolving as a technology and cybersecurity hub.

Tuesday, July 2

Immunicom Takes in $11M Series B Round

San Diego’s Immunicom captured an $11 million series B round to fund clinical testing of its device for cancer.

Grocery E-commerce Startup Mercato Raises $4 Million

Mercato, a San Diego startup building a delivery platform for independent grocers, recently closed on $4 million in funding.

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Whether Owning or Operating, RMD Knows Nightlife, Dining

DINING: 2 Openings Set for Summer; Forecasts $36M in 2019

The saying goes: “Let your work speak for itself.” For Mike Georgopoulos, managing partner at RMD Group, a San Diego-based restaurant and nightlife management, consulting and development company, it has been this very motto that has kept his business steadily growing since launching in 2008.

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Historic San Diego Building Sold For Nearly $6.3M

The George Hill Building was built in 1897

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Miramar Office Building Sold To Tappan Corp.

Building was renovated in 2017

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El Cajon Industrial Warehouse Leased For $2.4 million

Company is moving from Sorrento Mesa

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Medical Staffing Cos. Prepare for Changes

MEDICINE: Cos. Add Value, Still Expect Market Demand

San Diego companies that supply temporary nurses and physicians pushed back on a recent report predicting tougher days ahead for the industry.

Acutus Medical Brings in $170 Million

Co. Has $100M Series D, Takes $70M in Credit, VC Total to Date Is $308.2M

Acutus Medical— maker of 3-D imaging technology for heart procedures —netted $170 million June 20.

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Monday, July 1

JLABS’ S.D. Incubator Is Model of Innovation

BIOTECH: It Sources Promising Cos., Talent; 13th Location Planned

Wellspring Biosciences, a San Diego startup developing targeted cancer drugs, got its start in local biotech incubator, Johnson & Johnson Innovation - JLABS.

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EvoNexus Head Joins GroGuru’s Board

EvoNexus CEO Rory Moore joined San Diego AgTech startup GroGuru's board.

Valley View Casino & Hotel to Unveil $50 Million Expansion

The San Pasqual Band of Mission Indian’s casino, located just east of Escondido and south of Temecula, will hold a ribbon cutting ceremony on July 3 for the unveiling, according to a press release.

PCI Pharma Leases Sorrento Mesa Building

Building is part of the Canyon Ridge Technology Park

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Big Data Takes Crime-fighting Role

In Westerns, you didn’t need analytics to tell the bad guy. He showed his character — or lack thereof — right when he walked into the saloon. Times have changed.

Conatus Appears To Be Out of the Race For NASH Therapeutic

Other Local, National Companies Still Pursuing A Potential $35B Market

Add Conatus Pharmaceuticals to a list of biotechs that failed in advanced liver disease. But other San Diego firms may crack the code yet.

Brain Corp Opens New European HQ

Self-driving robot company Brain Corp. is opening a new office in Amsterdam, its second location overseas.

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