Stories for September 2019

Monday, September 30

CUSTOM CONTENT: Poised to Thrive

As business challenges grow, hone operations and expect more from your banker

Businesses today are operating in an unprecedented economic environment.

Tease photo

CUSTOM CONTENT: Will Your Bank Be There For You When Times Get Tough?

Five questions to ask your prospective banker late in the economic cycle

Umpqua Bank's, Kris Ilkov, helps determine if your bank can serve as a long term partner.

CUSTOM CONTENT: Business Owners Heading for the Exit

Owners Selling Companies Need Comprehensive Exit Strategies

Owners selling Companies Need Comprehensive Exit Strategies.

Banks Becoming Technology Companies, Technology Companies Become Banks

FINANCE: Tools of the Trade and Customer Preferences Change

Clifford Cho has seen his share of businesses during his decade-plus years at Bank of America here in San Diego.

Rent Control Cools Market

REAL ESTATE: Apartment owners look elsewhere for investments.

REAL ESTATE: Apartment owners look elsewhere for investments.

Sunday, September 29

Tech Coast Angels Names Quick Pitch Finalists

Tech Coast Angels named 10 startups as the finalists for its annual Quick Pitch competition, which will take place on Oct. 29.

Tease photo

ECOR’s Recycling Plans Are Something That Cos. Can Build On

Process Creates Building Materials Out of Recycling

Before, San Diego used to send the majority of its recycling to China, where it would be spun up into raw materials that could be manufactured into goods.

Tease photo

RQ Construction To Build $58 Million Facility in Cuba

The following are selected defense contracts awarded to San Diego County companies in September.

Tease photo

Escondido Memory Care Home Sold For $12.3M

Complex was renovated in 2015. Photo courtesy of CoStar

Tease photo

Golden Hill Apartments Sell For $3.1M

Complex was built in 1988

Tease photo

Co.’s Antifungal Success May Help Other Efforts

MEDICINE: Drug May Help In Bone Marrow Transplants

Antibiotic-resistant infections grab headlines.

Tease photo

A Couple of Local Biotech Companies Make Key Financial Moves

Public Stock Offering Brings in $287.5M for Acadia Pharmaceuticals

San Diego biotech saw two major stock offerings and a loan agreement in the last week plus.

Airbnb Hosts in County Earn $112M in Summer

HOSPITALITY: San Diego Takes No. 2 Spot in State, Welcomes 482K Guests

San Diego County continues to be a popular Airbnb destination for travelers.

Tease photo

UCSD to Open School of Public Health

EDUCATION: It Will Aim for Greater Collaborative Efforts

UC San Diego has won approval for a school of public health that would connect its efforts in medicine, technology, data science and other fields.

Tease photo

SDBJ INSIDER: Danger Really Is Co.’s Business

In the ’70s, we didn’t have big data, but we had the big screen. Movies such as “Earthquake,” “The Poseidon Adventure” and “Towering Inferno” gave us pictures of disaster.

Friday, September 27

SAN Consolidating Global Entry Program

According to a press release, the U.S. Customs and Border Protection department notified the San Diego County Regional Airport Authority that the global entry enrollment center at San Diego International Airport will close on Sept. 30.

Thursday, September 26

Carlsbad Messaging App Zingle Acquired for $42M

Zingle was acquired by Medallia, a San Francisco-based software company.

Tease photo

Sorrento Mesa Industrial Building Sold For $10.4M

Renovations planned

Tease photo

Stos Partners Buys Carlsbad Office Building

Renovations planned

Tease photo

Cohn Restaurant Group to Operate The Patio Group Restaurants

According to a press release, the court-appointed receiver for American National Investments (ANI), founded by Champion-Cain and parent company to The Patio Group, appointed Cohn Restaurant Group operator of The Patio on Lamont, Surf Rider restaurants in La Mesa and Ocean Beach and Saska’s effective Sept. 30.

Tease photo

Miramar Office Building Sold For $4.5M

The Form was 51 percent occupied

Tease photo

MG Properties Buys Arizona Apartment Complex

Complex has 512 apartments

Tease photo

BAE Systems Gets $171 Million in Destroyer Repair Contracts

General Dynamics NASSCO Receives $21M in Work

At 950 feet long, the newest floating dry dock in the Port of San Diego is big enough to hold a pair of U.S. Navy destroyers.

Tease photo

Wednesday, September 25

DNA Printer and Tech for Improved Photosynthesis Score Funding Rounds

ZeaKal Raises $15M; SGI-DNA Takes in $25M

Two San Diego biotechs with head-turning technology recently picked up venture funding.

Tease photo

Founders Offer Advice on Scaling Business

LEADERSHIP: Female Leaders Discuss Taking Right Team on Right Path

The early days of a startup can be challenging, but when entrepreneurs begin scaling a business, they face even more decisions.

Tease photo

Affordable Engineering Services Wins $83M in Aircraft Work

DEFENSE: Maintenance and Repair Firm Sees ‘Breakout Year’

Affordable Engineering Services Inc., a Mission Valley business specializing in aircraft repair, picked up a significant contract win in late summer.

Tease photo

Overbuilt Elsewhere, Self-Storage Space In Demand Locally

Marcus & Millichap Reports Vacancy Decreases to 5.8%

All those people moving into the new apartment towers and condominium projects that keep springing up.

Tease photo

Harper Construction To Build Hangar Under $95.4M Deal

Will Work in Lemoore To Support Navy F-35

The following are selected defense contracts awarded to San Diego County companies or being performed in San Diego County in September.

Pursuing ‘Untapped Biology,’ Boundless Bio Receives $46.4 Million

BIOTECH: Company Tackling ecDNA’s Role in Cancer Cells

Boundless Bio Inc. emerged Sept. 19 with $46.4 million in funding and a claim to new territory: extrachromosomal DNA.

Steering Drivers to the Right Spot

Entering a parking garage, we reconnect with our primitive past. Our senses sharpen as we battle the terrain and our fellow drivers.

Tuesday, September 24

SPY Optic Acquired by Bolle Brands

Founded in 1994, SPY Optic is best known for its “cross” logo, and has built a reputation in the action sports segment.

Chula Vista Medical Center Sold For $10.8M

Building is flagship for California Retina Association

Tease photo

Sabre Springs Plaza Sold For $6.8M

Plaza was fully leased

Tease photo

San Diego Voted One of the Top Ten Coffee Cities in U.S.

On Wallet Hub's “2019 Best Coffee Cities in America” list, San Diego came in at No. 9.

Cloud Computing Levels the Playing Field for Small Businesses

TECHNOLOGY: Off-Premise Servers Offer New Capabilities, as Well

The widespread use of cloud computing is rapidly opening up business opportunities for small and medium-sized companies in San Diego.

Tease photo

Nine Female Led Startups Showed Innovation, Imagination

startups: Fintech Takes First; Others Include Healing, Sustainability and Travel

Nine female-led startups vied for the chance to win $5,000 at the Women’s Venture Summit Sept. 14.

Tease photo

KAABOO to Follow Millennials To East Village, Petco

ENTERTAINMENT: A Change of Ownership Is Other Big Move for Festival

KAABOO San Diego, formerly known as KAABOO Del Mar, will not only be moving from the Del Mar Fairgrounds to Petco Park starting in 2020.

Tease photo

Monday, September 23

NuZee Inc. to Expand its Board

According to a press release, NuZee’s board of directors will grow from one to five members.

Three Executives Out at Akcea Therapeutics

Akcea Therapeutics on Sept. 23 announced the departure of CEO Paula Soteropoulos, president Sarah Boyce and chief operating officer Jeff Goldberg.

Once All Business, 625 Broadway Reimagined

DEVELOPMENT: Hammer Ventures Taps Multifamily Market

Downtown San Diego’s very first high-rise building — the John D. Spreckels Building — has gotten a makeover to become luxury apartments.

Tease photo

GroGuru Ready To Increase Its Field Work

$2.9M Seed Round Helps Build Engineering, Sales Teams

As the end to the harvest season draws near, GroGuru CEO Patrick Henry sees an opportunity to plant the seeds for his San Diego agtech’s future growth.

Tease photo

Inseego Hires New CTO

The company named Dan Picker, a former Nokia exec, as its new CTO.

Carte Hotel Gives Design Firm a Calling Card

DESIGN: Partners Share Passion, Similar Design Aesthetic

In September, Little Italy opened the doors to its $89 million, 16-story luxury lifestyle Carte Hotel, a Curio Collection by Hilton property.

Tease photo

Tri-City, County Agree on Mental Health Funding

MEDICINE: New Reimbursement Mechanism May Serve as Model for Other Hospitals

A recent deal between Tri-City Medical Center and San Diego County could serve as a new model in funding mental health at hospitals, one potential solution to a strained psychiatric system.

Tease photo

Entrepreneur Discovers a Need for a Baggage Nanny

TRAVEL: Wrangling Luggage Is No Longer a Side Business for Crystal Browning

San Diego International Airport has launched a baggage pickup, storage and delivery service.

Tease photo

Executive Recruitment Firm Expands in BioLabs

Executive search firm Bench International has taken up residence in the San Diego incubator space run by BioLabs.

Sunday, September 22

Revolt Wine Co. Makes an Appeal to A New Generation

Business Pairs its Product With Music, Packages It in Kegs

Heather Hudson, founder and owner of Revolt Wine Co., is singlehandedly disrupting the San Diego wine industry.

Tease photo

Carlsbad's Chelsea Corp. Building Affordable Housing in Irvine

Complex will have 80 apartments

Tease photo

USA Today Names Barona Best Casino Outside Las Vegas

According to a Sept. 20 post on the USA Today site, Barona, located in Lakeside, took top honors over other resorts around the country, including Pechanga Resort Casino in Temecula, which came in at No. 3 on the list.

Escondido Industrial Building Sold For $4M

Building will be county headquarters for Promex Industries

Tease photo

Cloud Computing: What It Is and What It Is Not

TECHNOLOGY: Research Makes the Transition Easier, Cuts Down on Surprises

efore businesses make the switch to cloud computing, it’s important that they understand what the cloud can and can’t do for them.

Sherman Heights Apartments Sold For $3.2M

Complex has 16 apartments Photo courtesy of ACRE Investment Real Estate Services

Tease photo

Greycroft Leads $10M Investment In Biproxi

Online Offering Has Range Of Services for CRE Brokers

A San Diego-based online marketing company for commercial real estate brokers that functions similar to Zillow for residential real estate has received a $10 million cash infusion.

Tease photo

Would Recession Hit Homes in San Diego?

Report Ranks Market No. 4 In Terms of Risk

San Diego is a one of the metro areas in the nation that’s most at risk to have a downturn in the housing market in a future recession.

Tease photo

Vibration Plates Shake Up Yoga

VibeFlow Plans to Expand Its Footprint

There are plenty of traditional yoga studios in San Diego to choose from, but if you search for studios that use vibration plates as part of their practice...

Tease photo

Amplyx Adds to Pipeline, Unveils Clinical Trial Data

Data Committee Finds ‘High Level of Treatment Success’

Amplx Pharmaceuticals recently revealed promising data for a drug designed to treat life-threatening infections.

Tocagen to Conduct ‘Operational Review’ After Clinical Trial

Biotech’s Brain Cancer Treatment Posts Disappointing Results

In 2017, Tocagen raised $87 million in a public offering. Investors saw potential in the San Diego biotech’s combo treatment for recurrent brain cancer.

Funding Round Brings $90 Million to SmartDrive

Company Sees Itself in Leading Role for Telematics

San Diego-based telematics company SmartDrive Systems raised $90 million in financing on Sept. 12.

Tease photo

Series D Round Brings $120M to TuSimple

Company to Co-Develop a Self-Driving Truck With OEMs

TuSimple, a startup working on building autonomous trucks, raised $120 million more for its oversubscribed Series D funding round.

Tease photo

Qualcomm Makes $3.1B Acquisition

TECHNOLOGY: Buys Out TDK’s Share Of Joint Venture

Qualcomm Inc. acquired the remaining shares of RF360 Holdings Singapore Pte. Ltd. for $1.15 billion.

Sales Spur Building In Two Submarkets

DEVELOPMENT: Property In Downtown, Otay Mesa

Liberty National Corp. has acquired the final 30,000-square-foot parcel that it needs to build a mixed-use project at Park Boulevard and Broadway in East Village.

Tease photo

Rady School’s New Dean Takes Stock

EDUCATION: Ordóñez Sees Potential at Business School

Lisa Ordóñez joined UC San Diego’s Rady School of Management as its second-ever dean earlier this month.

Thursday, September 19

Malin Burnham Donates $2.3M to USD Real Estate Program

Gift is part of drive to raise $10 million

San Diego Investor Launches Real Estate Data Startup

Blackbird Ventures founder Neil Senturia launched a new startup.

Metacrine Secures $50M Loan and Security Deal

San Diego-based Metacrine has inked a loan and security agreement for up to $50 million with K2 HealthVentures.

Talmadge Apartments Sold For Nearly $4.9M

Some apartments were remodeled

Tease photo

SAN Earns Level 3+ Carbon Neutral Rating

According to a press release, SAN joins Dallas Fort Worth International Airport in reaching carbon neutral accreditation from the global agency that establishes carbon standards for airports worldwide.

Vista Industrial Building Sold For $2.4M

Building is leased to Arrow Pipeline

Tease photo

Day Parties Offer Nightclub Experience

HOSPITALITY: Events Bring Customers to Commercial Venues

Day parties are not a novelty.

Tease photo

Carlsbad Apartments Sold For $2.7M

Complex has 10 apartments

Tease photo

Pursuing ‘Untapped Biology,’ Boundless Bio Lands $46.4M Funding Round

Boundless Bio Inc. emerged Sept. 19 with $46.4 million in funding and a claim to new territory: extrachromosomal DNA

Wednesday, September 18

Acadia Pharmaceuticals Plans $250M Stock Offering

Acadia Pharmaceuticals is planning to raise $250 million through a public stock offering.

Drone Seen as an Advertising Vehicle

STARTUPS: PromoDrone Has Raised $50,000 in Funding

A flying ad — it’s a novelty that’s certain to catch people’s eyes. That’s the thinking behind PromoDrone.

Tease photo

Airbnb Hosts Earned Over $112M During Summer in San Diego

According to a press release, San Diego County was the second most visited location in California this summer, with Airbnb hosts earning a combined $112 million in supplemental income and welcoming approximately 482,400 guests from Memorial Day weekend through Labor Day.

KAABOO Under New Ownership

According to a press release, Jason Felts, Virgin Fest founder and CEO, has acquired all of the KAABOO festival brand assets through the music festival arm of the Virgin brand.

Tease photo

Rancho Bernardo Industrial Building Sold For $9.5M

Building was vacant

Tease photo

Carlsbad Building Sold For $2.8M

Building is 70 percent office space

Tease photo

San Marcos Industrial Project Sold For $6.9M

Building combines warehouse space and offices

Tease photo

Tuesday, September 17

TuSimple Raises $120M More for Autonomous Trucks

TuSimple raised an additional $120 million, after raising a $95 million series D round in February.

Tease photo

Company Opens the Door to Easier Overseas Hiring

WORKFORCE: Laws, Benefits And Payroll Are Taken Care of

Most fast-growing startups will reach a point where they want to expand overseas, whether it’s to open a new sales office or hire a team of developers.

Tease photo

$161B Market Seen in ‘Functional Foods’

HEALTH: Consumer Focus on Nutrition Drives Demand

More and more, San Diego-based food companies are placing focus on including functional ingredients in their “better for you” offerings.

Tease photo

Hilton San Diego Resort & Spa Completes $21 Million Renovation

According to a press release, the renovation was managed by JLL’s Project and Development Services group on behalf of property owner Pebblebrook Hotel Trust.

Tease photo

Imperial Beach Apartments Sold For $3.9M

Complex has 16 apartments

Tease photo

DelMar Pharmaceuticals Relocates to San Diego

DelMar Pharmaceuticals has relocated from British Columbia to San Diego.

Golden Hill Apartments Sold For Nearly $2.2M

Building has nine apartments

Tease photo

Northrop Grumman Fire Scout Carries Mine Detector Aloft

Unmanned Helicopter Part Of Versatile Littoral Ship

The unmanned helicopter comes first. The Marines follow.

Tease photo

Monday, September 16

Qualcomm Acquires RF360 for $1.15B

Qualcomm acquired the remaining shares of RF360 for $1.15 billion.

CommonGrounds Raises $40 Million in Funding

CommonGrounds raised an additional $40 million, after raising $100 million in January.

Tease photo

Holland Partner Group Plans 37-Story Tower

development: Mixed-Use Project To Replace Courthouse

A 445-foot tall glass and steel tower combined with a smaller adjacent podium building will replace the former downtown San Diego County Courthouse under plans by a Washington state developer.

Tease photo

KAABOO Del Mar Festival to Move to Petco Park in 2020

According to a press release, the music, comedy art and culinary festival has reached a multi-year agreement with KAABOO, which will now be known as KAABOO San Diego.

Navy Department Unveils New Innovation Push

defense: Ties With Nontraditional Partners Sought in ‘Tech Bridge’

San Diego is one of the first places the Department of the Navy is going as it works to innovate faster.

Tease photo

Urban Plates Appoints New CMO

According to a press release, Greer previously worked as head of marketing for Xperience Restaurant Group/Real Mex Restaurants, as well as at Bloomin’ Brands for Outback Steakhouse, Fleming’s Prime Steakhouse & Wine Bar and General Mills.

Tease photo

Point Loma Apartments Sold For $2.1M

Complex has seven apartments

Tease photo

In Digital Age, PR Firms Need to Do More Than Just Master the Message

From Videos to Influencers, Cos. Need Right Tools, Techniques and Talent to Serve Their Customers

Public relations firms in San Diego are scrambling to adapt to change as digital technology continues to alter the way consumers receive information.

Tease photo

Sunday, September 15

SGI-DNA Pulls in $25M Series A Round for DNA Printer

San Diego’s SGI-DNA, a spinout of Synthetic Genomics, has raised a $25 million series A round.

Company Has Instrument of Change for Dermatology

MEDICINE: DermTech’s Patch May Change Skin Cancer Diagnostics

Could that suspicious mole be cancerous? DermTech wants doctors to reach for a patch, not a scalpel.

Tease photo

Largest Industrial Development in Years Coming to Otay

PROPERTY: Site To Be Adjacent to Planned Port of Entry

Site work is wrapping up on the $40 million first phase of what will become the 311-acre Otay Crossings Commerce Center at the eastern edge of Otay Mesa.

Tease photo

National City Office Park Sold For Nearly $8.8M

Eight buildings sold in deal

Tease photo

San Diego EDC Initiative Seeks to Meet Need for Tech Talent

The San Diego EDC's Advancing San Diego initiative will help fund internships at local companies.

Otay Mesa Industrial Building Sold For $6.4M

Building is 44,830 square feet

Tease photo

San Diego International Airport Launches Baggage Nanny Service

Located at a staffed kiosk in Terminal 1 next to baggage claim turnstiles, Baggage Nanny is a first-of-its-kind on-demand concierge service, according to a press release.

SDBJ INSIDER: The Wait May Soon Be Over

Obalon Therapeutics Inc. announced Dr. Helmuth Billy as medical director for its first company-owned weight-loss treatment center.

Zillow Group’s Home Selling Service Makes Local Debut

S.D. Is Tech Firm’s 2nd California Market, Behind Riverside

People in San Diego looking to sell their homes quickly have a new option as of this month with the expansion of Zillow Offers into the market.

Turning Point Therapeutics Raises $202.5M in Follow-On Offering

BIOTECH: Cancer Drug Developer Plans To Build Its Pipeline

After raising $175.2 million in an initial public offering this spring, Turning Point Therapeutics has returned to the public market.

Tease photo

Raken Makes Some Key Additions to Executive Team

More Companies Using Construction Software, But Market Is Still Big

Raken has more than doubled its workforce since it raised a $10 million Series A round in June of 2018.

Tease photo

Chelsea Investment Corp. Aims for Affordability

MULTIFAMILY: $21.9M Complex to House Low-Income Seniors

Chelsea Investment Corp. has finished building a $21.9 million housing complex in Ramona for low income people 62 and older.

Tease photo

Two Local Cos. Are In Nex3’s La Jolla Accelerator Program

Digital Health Accelerator Drew 600 Applicants; Program Is Semi-Remote

Nex3 named its second cohort of digital health startups August 28. Seven companies were selected from a pool of more than 600 applicants, narrowed down to 100 semifinalists.

New Tealium Executive To Lead Software Company’s Go-to-Market Strategy

Startup Grows Team After Raising $55 Million

San Diego-based software company Tealium added a new member to its executive team.

Tease photo

Kearny Mesa Attracts LPC West For a 2nd Time

After Buying Cubic Land, Partnership Acquires A Distribution Center

Kearny Mesa is attracting increased attention from a Dallas-based investment firm.

Life Science Expands Its Footprint Beyond Traditional Areas

JLL Predicts That Labs May Grow From 19.2% To 22% of Office Space

Life science companies are increasingly looking at UTC, Sorrento Mesa and Sorrento Valley as go-to places for laboratory and office space.

Tease photo

Pentagon Gives New Boost to Viasat Military Radio Work

Contract Ceiling Raised By $100 Million in Multinational Deal

The following are selected defense contracts awarded to San Diego County companies in early September.

Hakkasan Group To Close Its Searsucker Del Mar

Eatery Is Closing After Six Years; It Faced Competition From One Paseo

According to a WARN filing by Hakkasan Group, which owns Searsucker Del Mar as well as a Searsucker location downtown and another in Las Vegas.

Tease photo

United Crews Benefit From New SAN Satellite Base

Flight Attendants Can Now Start Their Day at San Diego

United Airlines’ San Diego-based flight attendants will now have less commute hours.

Tease photo

Restaurant Group Finds It’s Time to Make Some Changes

One Site to Be Redone; New Eatery Set for Mission Hills

Trust Restaurant Group is a Hillcrest-headquartered company behind Mission Hills’ Fort Oak, Trust Restaurant in Hillcrest and Hundred Proof Cocktail Bar, located in University Heights,

Tease photo

Public Relations Firms Need a Complete Team to Compete

As Avenues of Connection Expand, Firms Must Navigate The New and the Old Ones

To succeed in the years ahead, public relations firms will need to navigate through an increasingly complex digital landscape.

Tease photo

Thursday, September 12

San Diego Telematics Company SmartDrive Raises $90 Million

The company raised $90 million in financing from TPG Sixth Street Partners

Tease photo

Fintech Software Is Helping Hand for Companies’ Finances

Following the Money and Financial Forecasting Are Trovata’s Strong Suits

After raising $5.5 million in seed funding, San Diego fintech company Trovata is building out its team.

Eateries Cement Community Connection Via Product Sales

DINING: Local Goods Get Promoted and, in the End, So Do the Restaurants

For years, restaurants have sold merchandise at their locations as a way to promote their brands.

Tease photo

Female Founders Will Get to Pitch at Upcoming Venture Summit

Female Founders Will Get to Pitch at Upcoming Venture Summit

Two female founders were selected as winners of the Women’s Fast Pitch event on August 28.

Tocagen’s Brain Cancer Therapy Fails Clinical Trial

Shares of Tocagen fell Sept. 12 after its brain cancer therapy failed a late-stage clinical trial.

American Wave Machines Signs Licensing Agreement with Brazil Co.

According to a press release, the project kicks off immediately and surfing is anticipated to commence November 2020

Qualcomm Gears Up For Appeals Process

TECH: Co. Says It Has Spent Nearly $60 Billion on R&D

Qualcomm Inc. will have a brief respite from a sweeping ruling finding the company violated antitrust law, thanks to a stay granted by the 9th Circuit Court of Appeals.

Tease photo

Lockheed Martin’s Aegis System Work Continues in Port

Lockheed Martin’s Aegis System Work Continues in Port

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

Tease photo

Wednesday, September 11

Turning Point Therapeutics Raises $202.5M in Follow-On Offering

The cancer drug developer on Sept. 10 raised $202.5 million in a follow-on offering. Turning Point sold 4.5 million shares of common stock at a price of $45 a share.

Kearny Mesa Industrial Buildings Sold For $30.3M

The Buildings are a soft drink distribution center.

Tease photo

Factory Farms Not On Crack Shack’s Chickens’ Bucket List

Eatery Makes Case for Free Range Chickens Being Better for Birds and Diners

While Popeyes, Chik-fil-A and Wendy’s battle it out for the best chicken sandwich throne, a local gourmet fried-chicken eatery has joined the conversation.

Tease photo

TaylorMade Golf’s Ashworth Brand Acquired

According to a press release, the terms of the deal were undisclosed.

San Marcos Industrial Building Sold For Nearly $9.3M

Building has 37 suites

Tease photo

Samsung SDS to Close 27-Person Office in Sorrento Valley

The office is expected to close in January of 2020.

Port of San Diego to Launch Cruise Season, Offer New Cruises

This season, the Port of San Diego will have 104 cruise calls scheduled, up from 92 in 2018/2019.

Dip in House Prices, May Draw More Buyers

July Single Family Home Sales Up 9.4% Locally From June

People who are in the business of selling and buying new homes and condominiums can take heart from a key index which reported that home prices in San Diego County dropped slightly.

Tuesday, September 10

Capping Off An Unusual Pact, GlaxoSmithKline Buys Sitari Pharmaceuticals

GlaxoSmithKline announced it will acquire San Diego’s Sitari Pharmaceuticals – a deal induced by an unusual pact.

General Atomics Aeronautical To Adapt Aircraft for Special Ops

Two Defense Contracts Could Easily Exceed $100M

The summer seems to be winding down well for the people at General Atomics Aeronautical Systems Inc.

Tease photo

Telematics Startup Platform Science Gains Big New Customer

Platform Science will work with trucking giant Schneider National.

Tease photo

CB&T Opens New Escondido Branch

Bank continues its commitment to Escondido

Health Systems Try Ride-Sharing Solutions

MEDICINE: Getting Patients to Appointments or Home Is Goal

An increasingly common destination for Lyft and Uber drivers: San Diego hospitals.

Center Is S.D.’s ‘First Academic-Industry Drug Discovery Incubator’

UC San Diego Offering Space to Pharma Industry To Help Develop Drugs

UC San Diego Moores Cancer Center is offering up space on its campus to the pharmaceutical industry in a bid to translate research into medicines for cancer patients.

Tease photo

An Appetite For Creativity

Basile Studio Pairs Various Genres To Create Original Dining Atmospheres

Morning Glory, Born & Raised, Raised by Wolves, Soda & Swine and Polite Provisions. The above-mentioned are not only some of San Diego’s hottest food and beverage spots.

Tease photo

Cidara’s Deal for Antifungal Drug Could Be Worth $568M+

Mundipharma’s Backing Will Extend Runway, Provide Well-Positioned Support

Clinical trial results have yielded a major payout for Cidara Therapeutics, a San Diego company developing an antifungal drug.

Nestle USA to Close National City Location

The site is projected to close by Dec. 31.

Monday, September 9

Acadia’s Stock Shoots Up After Late-Stage Results

Shares of Acadia Pharmaceuticals rocketed up 63% on Sept. 9 after its drug in a late-stage clinical trial achieved “robust statistical superiority” over a placebo for dementia-related psychosis.

UCSD’s $50M Outpost Seen as a Good Start

EDUCATION: East Village Site Brings Hope for Greater Presence

The shell of what will become the downtown campus of the University of California San Diego is nearing completion, but the promise of what the university’s urban outpost will mean is still taking shape.

Tease photo

Boutique Residence Is Place to Live It Up

PROPERTY: Amenities, Views and Location Are Tops

Just about every so-called luxury apartment development downtown boasts that it has stunning views.

Tease photo

Zeakal Closes $15M Funding Round

Zeakal raised $15 million in funding from Canopy Rivers, Finistere Ventures and Middleland Capital.

Oceanside Shopping Center Sold

Center was 98 percent leased

Tease photo

Mercato Teams With DoorDash for More Special Deliveries

Mercato to Keep Adding Grocers to Its Platform, Plans Subscription Service

Mercato, a San Diego-based delivery startup for independent grocers, is teaming up with DoorDash to help fulfill most of its orders.

Tease photo

Chain Assembles Leadership Team To Move Eateries Forward

From Marketing to IT, Plan Is For Big Changes

Three years after filing for bankruptcy and being acquired shortly after by a private equity firm, San Diego-based Garden Fresh Restaurants LLC continues to ramp up its C-suite.

Tease photo

San Diego Makes Top 10 Showing in Most Expensive Apartments

One Listing Service Says Overall Trend Is For Rents to Keep Rising

Apartment rents are on the rise again in San Diego County after slowing a bit over the past year, according to at least one report which ranked the county among the most expensive rental markets in the nation.

SEC Files Lawsuit Against Firm, CEO Over Alleged Fraud

Assets Frozen In Case; SEC Official Alleges ‘Egregious Fraud’

The Securities and Exchange Commission filed a lawsuit against a San Diego real estate investment firm for allegedly defrauding investors.

United Airlines Opens San Diego Satellite Base for Flight Attendants

According to a press release, the new model will be available at San Diego International Airport.

Sunday, September 8

Qualcomm Expands 5G Chips to Mid-Tier Phones

Qualcomm will be adding 5G features to its Snapdragon 7 Series and Snapdragon 6 Series chipsets.

Vuori Gets Boost With Recent $45 Million Investment

RETAIL: It Plans to Expand Store Footprint, Opens Carlsbad Office

Encinitas-based performance apparel brand, Vuori, has received a $45 million growth equity investment from Norwest Venture Partners, with offices in Silicon Valley, India and Israel.

Tease photo

One Medical Debuts San Diego Office, Two More Locations Slated to Open

One Medical – a provider of what it touts as tech-centric primary care – opened the first of its three San Diego locations.

SDBJ INSIDER: Setting Up Play Date With Pop Culture

Turtle Beach Corp., a gaming peripheral maker, isn’t just playing games. The Rancho Bernardo based business is making some marketing moves.

Westcore Properties Sold Industrial Park For $104M

Park is in Santa Fe Springs

Tease photo

Oceanside Apartment Brings $66.5 Million in Tight Market

PROPERTY: Multiple Offers Were Made on the 240 Unit Complex

An aging Oceanside apartment complex recently sold for $66.5 million — not a record but further evidence of an extremely tight market.

Tease photo

DermTech Goes Public Through Reverse Merger

BIOTECH: Co. to Have $29M to Scale Its Skin Cancer Assay

DermTech has gained a Nasdaq listing through a reverse merger with Constellation Alpha Capital.

Friday, September 6

Searsucker Del Mar to Close

According to a WARN filing by Hakkasan Group, which owns Searsucker Del Mar, 43 employees will be laid off.

Hillcrest Apartments Sold For $8.6M

Building has 37 apartments

Tease photo

Thursday, September 5

Openness to Define Bay Park Apartments

PROPERTY: Trolley Riders, Renters Served By Mixed-Use

Instead of walling itself off as an exclusive private enclave, a proposed Bay Park apartment complex is being designed to encourage people to wander through its lushly landscaped promenades.

Tease photo

2 Pet Cancer Centers Come to San Diego

Two pet cancer centers operated by VCA Inc. have launched in San Diego as part of a larger rollout.

Restaurants Are Special Ingredient In Kearny Mesa Plan

PROPERTY: Businesses Envision a Live-Work and Play Destination

In the last three years, Kearny Mesa, specifically Convoy Street, has seen a surge in high-end restaurant openings.

Tease photo

Two Office Buildings Sold For $16M

Buildings are linked to the County of San Diego

Tease photo

InterContinental San Diego to Launch Fourth Floor Rooftop

Layover will open Sept. 7 and will be located on the hotel’s fourth floor landing.

Tease photo

Tealium Hires Chief Revenue Officer

Tealium brought in Marketo's Ted Purcell as the company's newest C-level hire.

Tease photo

Escondido Assisted Living Center Sold

New York investor purchased property

Tease photo

El Centro Apartments Bought By San Diego Firm For $4.4M

Building has 66 apartments

Tease photo

Wednesday, September 4

DermTech Goes Public Through Reverse Merger

DermTech has gained a Nasdaq listing through a reverse merger with Constellation Alpha Capital.

Miramar Industrial Building Sold For $8.2M

Long-term tenant secured

Tease photo

Garden Fresh Restaurants Hires New Chief Marketing Officer

NIcole Bushnell formerly worked as VP of marketing at Luna Grill restaurants for the last four years, according to a press release.

Confirm BioSciences Names New CEO

San Diego diagnostic testing company Confirm Biosciences named Albert Berger as its new CEO.

Q2 Office Rents Increase 9.7% Year-Over Year

Office Asking Rents at One Paseo Approaching $6.15 Per Square Foot

Sill more evidence of just how hot San Diego’s office market comes from an August report from the commercial brokerage firm Savills.

Polestar Automotive Chooses San Diego as One of Its Markets

AUTO: The All Electric Polestar 2 to Be Sold in 2020 Starting at $63,000

According to reports, five percent of all vehicles sales in San Diego County are electric, and that number continues to grow.

Tease photo

Sol-ti Found Way To Stand Out From The Juice Crowd

Unpasteurized Beverages Expected to Bring in 2019 Sales of $3.5M+

Sol-ti, an unpasteurized organic “living” beverage line stored in glass bottles, is available in stores like Whole Foods Market.

Tease photo

Tuesday, September 3

Cidara Therapeutics Nets $30M Upfront in Partnership Deal

Clinical trial results have yielded a major payout for San Diego-based Cidara Therapeutics.

Navy Ship Contract Sends $1.1B NASSCO’s Way

DEFENSE: Navy Could Add 3rd Ship to Order; Building to Start in 2020

General Dynamics NASSCO pulled in a U.S. Navy contract of nearly $1.1 billion this month, to produce two large auxiliary ships.

Tease photo

El Centro Apartments Sold For $3.9M

ACI Apartments represented the buyer

Tease photo

Biological Dynamics Leads Charge for Biomarker Diagnostic

BIOTECH: Company Raising Funds to Commercialize Cancer Detecting Platform

While conducting research at UC San Diego Health’s Moores Cancer Center, Raj Krishnan discovered something thought to be impossible.

Researchers Receive $3.1M to Study Heart Condition

MEDICINE: Ailment Often Requires Surgery

An international effort led by UC San Diego and Rady Children’s Hospital researchers recently landed a $3.1 million grant to search for better ways of treating a pediatric heart condition.

Tease photo

Monday, September 2

South County Economy Has Many Moving Parts

Logistics, Aerospace, Health Care Are Part of Dynamic, Diverse Region

Otay Mesa, the busiest land port in the western hemisphere, is a magnet to business with its thriving warehouse and logistics environment.

Tease photo

Levitate’s Exoskeleton Handles Stress, Strain

MANUFACTURING: The System Supports Workers Doing Various Tasks

The product went to market in 2017 with its Airframe Exoskeleton, an upper body exoskeleton device.

Tease photo

SEC Accuses San Diego Real Estate Investor of $300M Fraud Scheme, Freezes Assets

The SEC seeks for Champion-Cain and ANI to repay any allegedly ill-gotten gains as well as prejudgment interest and monetary penalties.

Carlsbad Renovation Will Keep Character

PROPERTY: : $7 Million Project Will Include Offices, Retail

A trio of Carlsbad Village buildings that make up the Carlsbad Village Art and Antique Mall will get a new look.

Hillcrest Apartments Sold For $4M

Complex has 16 apartments

Tease photo

Washington, D.C., Based Marketing Co. Acquires IMI

REQ Sees Value in IMI’s Experience, Team and Platform

Internet Marketing Inc., a San Diego-based digital marketing company, was acquired by Washington D.C.-based firm REQ on August 20.

Treobytes Tailors STEM Education to Tomorrow’s Workforce

EDUCATION: Founder Looks to Find Students’ Learning Styles

After a 20-year career working for life sciences companies, Ava Mason founded her own startup.

Tease photo

Sunday, September 1

SDBJ INSIDER: Lifesaving Work Is Company’s Mission

When we can, we like to shine the light on the diverse range of San Diego companies.

High Rents, High Demand Have Investors Putting Money in Multifamily

Diverse Economy And High House Prices Add to Its Allure

Apartment complexes have drawn strong investor interest so far this year, with rents on the rise and no sign that the market will cool anytime soon.

Tease photo

Retrophin Turns to Pipeline After Setback

PHARMA: Co. Has 3 Drugs On Market, Others in Works

Retrophin’s drug candidate for a rare neurological disorder recently flopped in a late-stage clinical study.

Keller Williams Realty La Mesa Moves to New Office

With 100 Agents in The Field, Office Still Plans to Grow

Bucking a cooling market for single-family homes, a real estate agency based in La Mesa is expanding into new offices with a goal of increasing its pool of agents by 20 percent over the next six months.

Tease photo

Right Team, Right Recipe and a Dollop of Social Media

Spreadable Granola Gets Boost, Shelf Space Thanks To Loyal Customers

While studying nutrition at UC Berkeley, Ali Bonar developed an eating disorder.

Tease photo

Viasat, Blue Canyon Team Up to Build Military Satellite

Experimental Product Meant To Connect ‘Link 16’ Radios

Link 16, the encrypted military radio system used by U.S. forces and theirallies, is a useful tool for troops.

Northrop Grumman Benefits From F-35 Spare Parts Contract

Fighter Jet Electronics Made in San Diego Plant

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

Tease photo

Ionis Pharmaceuticals Gets $25M Fee for Hepatitis Drug

Licensing Deal Could Bring Co. $262M in Milestone Payments

Ionis Pharmaceuticals netted a $25 million licensing fee from pharmaceutical GlaxoSmithKline, with the potential for bigger bucks.

Tease photo

Erasca Assembles Impressive Team for Goal: Curing Cancer

Co. Not Revealing Much; In a Series A This Year, It Raised $64 Million

Led by biotech luminary Jonathan Lim, startup Erasca has beefed up its executive team.

Tease photo

Trovagene Targets Prostate Cancer

Drug Is Also Being Tested on Other Cancers

Men with high-risk metastatic prostate cancer take the drug zytiga.

Qualcomm Names New Interim CFO, Following Retirement

TECH: SVP Akash Palkhiwala Takes Temporary Post

Qualcomm’s interim finance chief, David Wise, retired on August 23.

CUSTOM CONTENT: San Diego County Bar Association Provides Free Wills & Estate Documents for First Responders on Sept. 7, 2019

Attorney volunteers will prepare legal documents for free through the Wills for Heroes Program

San Diego first responders can receive free preparation of wills and related estate documents on Saturday, September 7 through the Wills for Heroes program.

Tease photo