Stories for August 2020

Monday, August 31

Kinnate Raises $98M

BIOTECH: Co. Plans Clinical Trials Next Year

Otonomy Moves Forward With Clinical Trials

BIOTECH: Co. Sees Billion Dollar Opportunity for Treatment of Tinnitus

2020 CFO of the Year Awards: Naveed Hakim

Winner: Private Company, Large - Plum Healthcare Group

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Gyms, Hair Salons, Restaurants May Reopen at Reduced Capacity

Several types of businesses may begin indoor operations — though at limited capacity — under new guidance released by San Diego County on Aug. 31. These include gyms and fitness centers, restaurants, movie theaters, hair salons, barber shops and nail salons.

Battery Maker Flux Power Gains $11.4M in Stock Offering

MANUFACTURING: Co. Changed Listing to Nasdaq as of Mid-August

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Cox Expands Commitment to Keep Families Connected

COMMUNICATIONS: Co. Extends Connect2Compete Learning Program Through June 30, 2021

San Ysidro Health Front-Line Staff Receives Donation of Meals from Frontline Foods

On Wednesday, Aug. 26, 2020, several San Ysidro Health rural clinics in East County received a donation of meals for the organization’s front line staff from Frontline Foods as a thank you for their fearless dedication during this pandemic.

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San Diego Investors Buy North Carolina CVS

Building has long-term lease

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Sunday, August 30

SeaWorld Reopens for Weekends

TOURISM: Encourages Visitors to Explore Outdoor Animal Exhibits

After being closed for almost six months due to the coronavirus pandemic, SeaWorld Entertainment reopened SeaWorld San Diego on Sunday, Aug. 28, at limited capacity and for a limited time for now.

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Amazon Expands its San Diego Workforce

TECH: Company to Hire 200 Additional Employees

Online shopping giant Amazon said on Aug. 18, it will create 3,500 new tech and corporate jobs, expanding its office space by more than 900,000 square feet across six U.S. cities.

2020 CFO of the Year Awards: David Forster

Winner: Private Company, Medium - ChefWorks Inc.

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Business Grants

Cities in San Diego County have been allocating money for small business grants made possible through the Federal CARES funds released by San Diego County and California.

51 Procopio Attorneys Recognized by Best Lawyers in America

A total of 51 Procopio attorneys representing 35 areas of law in four metropolitan areas have been recognized for excellence by Best Lawyers in America on its 2021 list of top attorneys.

Grain & Grit Collective Teams with Padres

Carnitas will include 5ft x 8 ft LED mega screens on its outdoor patio alongside the Embarcadero waterfront, which will air all home and away games.

East County Apartments Sell for $5.7M

A Spring Valley apartment complex has been sold for $5.7 million.

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Thursday, August 27

General Atomics Aeronautical Makes $189M Sale to Belgium

DEFENSE: Contract Closely Follows U.K. Deal Announced in July

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BAE Systems Receives Ship Repair Deal Worth $104M, Or $118M With Options

Carlsbad’s RQ Construction Gets More Work at Camp Lejeune

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2020 CFO of the Year Awards: Ashlee Micale

Winner: Business Non-profit - San Diego County Credit Union

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CARI Gets $4M in Grant Funding

Company Tackling Opioid and Pain Epidemic

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Carlsbad Office Building Sold for $6.2M

Building was renovated in 2013

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Sorrento Mesa Ground Leases Sold for $41.5M

Property consists of three parcels

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University Heights Apartments Sold

Complex has eight apartments

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Wednesday, August 26

New Government Building Has Sleek Design

East County Structure is Net Zero Energy

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Hyatt’s Alila Marea Beach Resort Comes to Encinitas

Marks First Build and Second Location in U.S. for Brand.

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2020 CFO of the Year Awards: Andre Douzdjian

Winner: Government Agency - The San Diego Association of Governments

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Diomics Developing Test to Reveal SARS-CoV-2 Antibodies

Diomics, a San Diego-based biotech company, announced on Aug. 19 that it is developing the Diocheck Antibody Indicator, which provides a simple way for individuals to monitor for the presence of antibodies to SARS-CoV-2 over an extended period of time.

Puesto Owners Sign Lease for Former Whisknladle

Alex Adler, along with brothers Eric and Alan and cousins Isodoro and Moy Lombrozo, signed the lease for the former Whisknladle space in La Jolla Village, located next door to the original Puesto location.

Tuesday, August 25

Carlsbad Co. Uses RFID to Better Manage Inventory

TECH: Designs, Manufactures Healthcare Supply Chain Solutions

Bumble Bee Wants Consumers to Rethink Shelf Stable Tuna

FOOD: San Diego Company Releases Multi-Million-Dollar Advertising Campaign

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2020 CFO of the Year Awards: Quentin Blackford

Winner: Public Company, Large - Dexcom Inc.

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Startup San Diego Selects Five For Inaugural Program

Startup San Diego, the nonprofit that puts on the largest startup conference in the region, has launched its Entrepreneur-in-Residence (EIR) program and selected five local entrepreneurs for its inaugural cohort.

Renovation Company Finishes Downtown Project

Specializes in Senior and Affordable Housing

Oceanside Building Sells for $10.3M

An Oceanside Industrial Building has been sold for $10.3 million. The building at 3927 Oceanic Drive was acquired by 3927 Oceanic Dr LLC.

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Monday, August 24

Sony Sees Opportunity

TECH: Co. To Build Out Education Line

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Ligand Inks $516M Deal

BIOTECH: Agrees To Purchase Pfenex

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2020 CFO of the Year Awards: James Howell

Winner: Non-profit - The San Diego Foundation

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Change Remains a Constant in East Village

Developers Still See Potential Among Its Warehouses

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Trust Group Continues to Expand

Owner Opens Ice Cream Shop and Butchery Amid Pandemic.

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Sunday, August 23

Kaiser Permanente Opens Next Generation Medical Building in Clairemont Mesa

HEALTHCARE: Facility Designed to Give Members ‘Positive Experience’

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Runway Growth Expands to San Diego

INVESTMENT: Firm Aims to Deploy Capital to Life Science Companies

2020 CFO of the Year Awards: Matt Abernethy

Winner: Public Company, Medium - Neurocrine Biosciences

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Discussing Impacts

SDBJ INSIDER

RMD Group Opens Second Rooftop Restaurant

HOSPITALITY: Co. Taking Customers Topside

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Family Fun Centers Return to San Diego

RECREATION: Sons of Co-Founder, Set to Revive Local Amusement Parks.

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Qualcomm Is on a Mission to Mars

Snapdragon 801 Processor Runs Ingenuity Helicopter

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Thursday, August 20

Carlsbad Medtech Firm Finds Success with IPO

Company Raises $183Million in Offering Last Week

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PetDesk Helps Vet Practices Go Online Amid COVID-19

TECHNOLOGY: Co. Has 2 Million Users and 2,500 Veterinary Practices on its App

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NASSCO to Repair USS Lake Erie in $37M Deal; Award Could Grow to $63M

GA to Provide Submarine Components; Construction Deals Announced

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Wednesday, August 19

Jamul Casino Opens ‘The Rooftop’ Venue

Will Temporarily Function as Exclusive Space for VIP guests.

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Women in Finance 2020: Extraordinary Leadership

A San Diego Business Journal Special Section

San Diego Business Journal is honored to celebrate “Women in Finance 2020.” We are saluting women executives in the banking and finance community who are making great strides in this industry. We also applaud these companies who support Women in Finance. Read the special section at https://bit.ly/30SD0tm

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CFO of the Year Awards Honor Excellence

A San Diego Business Journal Special Section

Each year, the San Diego Business Journal honors the financial executives who work behind the scenes — the chief financial officers. Now in its 14th year, the CFO of the Year Awards recognizes contributions to company growth, leadership and community involvement by top financial executives in the San Diego area. Read the special section at https://bit.ly/3h5nwbn

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Two Brothers Build $20M ‘Dream Project’

Designed as a Gateway Entrance to Hillcrest

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New Co-Working Space Planned for Carlsbad

RENOVATION: Owner Sees Pandemic as Opportunity for Growth

Tuesday, August 18

Affordable Housing Complex Opens in Encanto

Demand Intense for Project’s 66 Apartments

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Craft Breweries Turn to Off-Premise Sales Amid Continued Lockdown

MANUFACTURING: Shift to Grocery and Liquor Stores Part of Recovery Efforts

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Plans Proceed on $375M Oceanside Farm-Themed Housing Development

RESIDENTIAL: 585 Homes Planned on 215-Acre Site

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Realtor Association to Discuss Proposition 15

The North San Diego County Association of Realtors recently announced that a free webinar will be open to all homeowners, business owners, property owners and real estate agents regarding the negative impact of Proposition 15, also called the split roll tax initiative.

Monday, August 17

Sharing Medical Rides

TECH: Veyo Disrupts NEMT Industry

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Airport Focuses on Regaining Flights

Working With Domestic, International Airline Partners to Rebuild

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Two Margaritaville Properties Coming to San Diego

HOSPITALITY: Hotels Planned for Mission Bay and the Gaslamp Quarter

COVID-19 Test in Demand

BIOTECH: Hologic On Track to Double Its Factory Capacity

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Sunday, August 16

Qualcomm Wins Appeal

TECH: Reversal Ends Five Year Battle with FTC

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Celebrations

SDBJ INSIDER

Child Care Co. Launches Learning Hubs

STARTUP: TOOTRiS Working With San Diego’s Five Largest Employers

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Quarterly Revenue Almost Doubles at Turtle Beach

ELECTRONICS: Gaming Accessory Maker Ups Its 2020 Guidance by 28%

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Genasys to Buy Canadian Tech Firm Amika Mobile

Acquisition Specializes in Critical Communications

Miramar Retail Center Sold

Center was 98% occupied

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Friday, August 14

Trust & Will and Fifth Third Bank Join Forces

San Diego-based Trust & Will has joined a strategic relationship with Fifth Third Bank

Thursday, August 13

San Diego Zoo Global Names New Chief Conservation Officer

Nadine Lamberski will lead a team of conservation scientists, researchers, wildlife nutritionist and veterinarians and will further develop San Diego Zoo Global’s conservation efforts.

For Second Month, Apartment Rents Unchanged

Focus Has Been on Staying the Course, Open Communication

Flock Freight Sees B Corp. Certification as Competitive Advantage

STARTUP: Co. Has Hired 30 Staffers Since Pandemic Started

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Kearny Mesa Co. Converts Shipping Containers Into Homeless Housing

INNOVATION: Homes are Bigger Than the Average Hotel Room

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Sempra Energy Reports Net Income Of $2.2B in Quarter

Gain From South American Utility Sale Spurs Results

Wednesday, August 12

Museum of Man Changes Name to Museum of Us

Looks to be More Inclusive, Hopes to Continue to Inspire Human Connections

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Evofem Reports Results, Readies Product For September Debut

PHARMACEUTICALS: FDA Approved New Form of Birth Control in May

Cubic to Provide Up to $172M in GATR Antennas to Special Operations Command

Other Recent Deals Include Building for Ship Simulator

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GoSite Raises $16M Series A to Expand its Global Footprint

Co. Has More Than 6,000 Merchants Using Its Platform

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El Cajon Industrial Property Sold

Site has two buildings

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Tuesday, August 11

Biotechs Move the Needle for COVID-19 Testing, NIH Funding

BIOTECH: Cos. Reel in More Than $100M in Grant Funding

Restaurateur Thinks Strategically, Refuses to Rush Reopening

DINING: Malarkey Rebrands Venues and Changes Formats; Says Cautious Approach Saved Him Cash

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WB Games San Diego Leases New Carlsbad Space

REAL ESTATE: Gaming Studio Will Occupy All Office Space at State Street Commons

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Local Real Estate Icon Joins Coldwell Banker West Team

REAL ESTATE: Co. Laser Focused on Luxury Market

One of San Diego County’s leading real estate companies has teamed up with a well-known industry veteran to grow and sharpen its luxury brand. Coldwell Banker West announced that Steve Games has joined the organization as a partner, and the President of their new Coldwell Banker West Global Luxury Division.

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San Diego Beer News Website Launches

The San Diego Beer News website will include: articles, guest columns from industry insiders, a map listing San Diego-based breweries and job listings within the local scene.

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Monday, August 10

Leo Lens Sees $300M Opportunity in its Future

BIOTECH: Contact Lens Delivers Pharmaceuticals

Concrete is No Barrier for This Office

Hole Cut in Floor for Unique Staircase Connecting Third and Fourth Floor Space

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Chuze Fitness Takes Its Chula Vista Gym Outdoors

Family-Owned Chain Will Also Launch On-Demand Programs

ProciseDx Raises $10.5M In Series A

BIOTECH: Co. Making Progress in Gastrointestinal Tests

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Padres Plan Tech Upgrades

SPORTS: Team to Add 5G To Petco Park

Miramar Commercial Building Sold For $2.8M

Building will be used as showroom

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Oceanside Office Building Sold

Building was remodeled in 2018

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University of San Diego Launches CBD Certificate Program

The programs are in four study areas: The Business of Cannabis, Cannabis Agriculture Horticulture, Cannabis Law & Policy, and Cannabis Healthcare & Medicine.

Aethlon Medical Receives $3.5M NIH Grant

Aethlon Medical has been awarded a grant ($3.5 million) for studies in head and neck cancer.

Chula Vista Apartments Sold

Complex has 19 apartments

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Sunday, August 9

Apartments Get Kudos for Mixing Old and New

ARCHITECTURE: North Park Complex Praised for Restoring 90-Year-Old Casitas as Part of Project

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Portside Pier Complex Debuts

DINING: Restaurants Projected to Generate $26M Annually

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Meeting a Need

SDBJ INSIDER

$40M Transit-Oriented Apartment Complex Coming to Normal Heights

HOUSING: Development to Serve Low and Middle Income Families

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Local Westfield Malls Launch Family-Friendly Activities

RETAIL: Events are Effort to Encourage San Diegans to Safely Come Back to Centers.

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Digital Banking Creates Bridge, Opens Up Opportunities During Pandemic

FINANCE: Technology Helps, But Consultative Voice is Still Seen as Essential

Ballast Point, Alesmith Brewing, Others Team for Black is Beautiful Brewing Project

The Black is Beautiful project is a national collaboration to raise awareness for the injustices of people of color, according to organizers Weathered Souls Brewing, a black-owned brewery in Texas.

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Thursday, August 6

San Diego Women’s Foundation Names New Executive Director

Cook's previous role at the San Diego Women's Foundation was manager of programs and member engagement.

San Diego International Airport Adds First JetBlue Flight to New Jersey

JetBlue is the only carrier to offer nonstop service to two New York area airports from SAN.

TOOTRiS Launches Learning Hubs Program

San Diego-based TOOTRiS, a service provider that connects parents to high-quality child care, has launched its Learning Hubs program.

Wednesday, August 5

New Tony Hawk Documentary Details Billion-Dollar ‘Pro Skater’ Legacy

Encinitas’ Celebrity Skater Makes Lasting Mark on Video Game Industry

Technology Cos. Tap AttackIQ To Beef Up Infrastructure, Security

Co. Launched In EvoNexus and Employs 100 Staffers

San Diego Investors Acquire Kentucky Pharmacy

Building has 20-year lease

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Leonardo DRS Has $120M Contract For Laser Tech

System Foils Heat-Seeking Missiles By Dazzling Them

Local Corporate Lifestyle Concierge Co. Pivots To Offer Virtual Team Building Activities

STARTUP: Fit City Plans To Hire Eight More Employees, Expand Offerings

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Liberty Station Gets Creative With Recovery Efforts

Moves Service Businesses Outdoors; Allows Other Operators To Share Patio Spaces

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AseptiScope Launches Novel Stethoscope Aseptic Barrier System

New Disk Cover Prevents Pathogen Transmission

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Cubic Satellite Gear Deal Worth Up to $172M

The U.S. Special Operations Command announced on Aug. 3 that it awarded the GATR Technologies subsidiary of Cubic Corp. a five-year, indefinite delivery, indefinite quality contract that could be worth as much as $172 million.

La Jolla Institute Gets $1M Gift for COVID Research

La Jolla Institute for Immunology received a $1 million gift to further its work in COVID-19 research. The GHR Foundation, an independent philanthropy based in Minneapolis, made the gift, announced on Aug. 4.

Religious Services, Group Workouts OK’d in County Parks

San Diego County Supervisors on Aug. 5 approved the concept of opening certain parks overseen by the county government for religious services, cultural ceremonies and organized fitness activities.

Power Digital Acquires Covet Public Relations

The partnership with Covet PR will allow Power Digital to offer new and existing clients a “comprehensive, thoughtful approach to full-funnel marketing.”

El Centro Apartment Sale Brokered By San Diego Agents

Complex has 75 apartments

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Tuesday, August 4

$50M CH Projects Turns to Alternative Concepts

RESTAURANTS: Launches Pop-Up Burger Model in Front of Born and Raised Steakhouse, Opens Liquor Store Only at Raised by Wolves

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With San Diego Expertise, ASML Makes Microchips Smaller

TECHNOLOGY: Extreme Ultraviolet Laser Light Makes It Possible

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Carlsbad And Chula Vista Industrial Projects Attracting Interest

Market is Becoming Increasingly Tight

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Arcturus Therapeutics Makes Case for Experimental RNA-Based COVID-19 Vaccine

BIOTECH: Receives Greenlight on Phase 1/2 of Clinical Trials

Black Chamber Raises Over $500K Toward Goal of $1M to Aid Black Businesses

RELIEF: Ongoing Effort is in Response to 95% Being Shut Out of PPP Program

San Diego International Airport Adds Route to Santa Barbara on Alaska Airlines

Beginning November 20, the route will land at the Santa Barbara Airport and marks the 29 destination Alaska services from SAN.

Monday, August 3

BioAtla Raises $72.5M Series D Round Led By Soleus Capital

BIOTECH: Co. Has Two Drugs In Clinical Trials With Plans to Expand

Private Jet Industry Sees Uptick Amid Coronavirus Concern

Schubach Aviation, Latitude 33 Aviation, Jet Methods See Double-Digit Growth

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Contact Tracing Startup Gives Local Cos. Peace Of Mind

STARTUP: Co. Helps Employers Track Symptoms And Reduce Contact

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RQ and DPR Get $144M Deal to Rebuild Hurricane-Damaged Camp Lejeune

Eight Construction Firms to Split as Much as $100M

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Construction Begins on $400M Project

DEVELOPMENT: New Community Taking Shape in Valley Center

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Marketing Firm Helps Center Tenants Withstand COVID-19

For Retail and Restaurants, Survival is the Big Challenge

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Museum of Man Changes Name to ‘Museum of Us’

Formally adopted by the Board of Trustees on June 24, the Museum of Man will now be called the Museum of Us.

Phamatech Signs Deal with Broward County School

Phamatech will provide on-site sample collection at six school district locations that will then be sent to Phamatech’s laboratory in San Diego for analysis.

Oceanside Industrial Complex Sold

Complex is 17,505 square feet

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Sunday, August 2

Cohn Restaurant Group Continues to Innovate

DINING: Launches Floating Pop-Up Steakhouse, Acquires Point Loma Bakery

$85M Luxury Senior Complex Completed

HOUSING: Rancho Bernardo Community Opened in Mid-July

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Good News

SDBJ INSIDER

Arcturus Therapeutics Makes Case for Experimental RNA-Based COVID-19 Vaccine

BIOTECH: Receives Greenlight on Phase 1/2 of Clinical Trials

Unmanned Aircraft Concept Could Be Payday for Contractors

DEFENSE: Up to Three Businesses Look for Work on Skyborg Program

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DNAVisit Enhances Genetic Counseling With Technology Platform

STARTUP: Co. Assists Dozens of Clients in Healthcare Space