Stories for December 2020

Thursday, December 31

Neomorph Pulls $109 Million

San Diego-based Neomorph has raised $109 million in a Series A round.

GreenBox Adds $2.66 Million

GreenBox POS has closed a $2.66 million private placement.

North Park Apartments Sold

47 apartments

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Industrial Equipment Dealer Bobcat Southwest Sold

Bobcat Southwest, a San Diego construction equipment dealership with six locations, has been sold.

Wednesday, December 30

Port of San Diego Board of Port Commissioners Selects Joe Stuyvesant as President/CEO

Stuyvesant will replace previous President/CEO Randa J. Coniglio and is expected to assume his duties Feb. 1.

Carlsbad Co. Develops COVID-19 Test

BioSpyder Technologies has launched a low- cost COVID-19 testing service.

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RF Industries Has $43M Year

Electronics maker RF Industries Ltd. reported net income of $159,000, or 2 cents per share, on net sales of $10.7 million in its fourth quarter, which ended Oct. 31.

Airport Board to Get New Members

San Diego Mayor Todd Gloria announced that he has tapped City Councilmember Marni von Wilpert and attorney Gil Cabrera to serve on the San Diego County Regional Airport Authority Board of Directors.

Tuesday, December 29

Gift Will Fund Construction at La Jolla Institute for Immunology

The La Jolla Institute for Immunology has announced plans for new construction after receiving a gift from John Major, chairman emeritus of the institute’s board of directors, and his wife, Susan.

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San Ysidro Health Opens Chula Vista Urgent Care Location

San Ysidro Health opened a 7,800-square-foot urgent care facility in Chula Vista on Dec. 28. The new center is a partnership with Scripps.

Financing Arranged for Kearny Mesa Project

$14.4 million

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Pacific Beach Apartment Complex Sold

$14.9 million deal

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Monday, December 28

San Carlos Apartment Complex Sold

Project has 208 apartments

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Singapore OKs Arcturus Vaccine Trial

Arcturus Therapeutics announced on Dec. 28 that it received approval from the Singapore Health Sciences Authority to proceed with a Phase 2 clinical study of its vaccine candidate ARCT-021, also known as LUNAR-COV19.

Evofem to Participate in Medicaid National Drug Rebate Program

Evofem Biosciences Inc. (Nasdaq: EVFM) announced on Dec. 22 that it has entered into an agreement with the U.S. Centers for Medicare and Medicaid Services to participate in the Medicaid National Drug Rebate Program, providing access to Phexxi for the Medicaid population effective Jan. 1.

University Heights Apartments Sold

$2.7 million deal

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Kensington Apartment Building Sold

Seven-apartment complex

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Sunday, December 27

Episcopal Community Services Names Interim CEO

Episcopal Community Services (ECS) has named Robert Jones as Interim CEO. The current CEO, Lesslie Keller, will be retiring after 13 years in early January 2021.

SANDAG to Reinstate State Route 125 Toll Violations

The SANDAG Board of Directors approved the reinstatement of SR 125 toll violations starting January 5, 2021.

Thursday, December 24

Riding a Non-Alcoholic Drink Wave

Beverage Co. Launched Three New Flavors This Year

Scientist.com to Acquire HealthEconomics.Com

LIFE SCIENCES: Deal Aimed at Improving Outcomes and Changing How Research is Conducted

Cutwater Spirits Launches New Flavor

White Russian is the Co.’s Latest Canned Cocktail Release

DKN Hotels Opens SpringHill Suites by Marriott in Carlsbad

The hotel will operate as a Marriott franchise, owned and managed by DKN Hotels of Irvine.

Imperial Avenue Apartments Sold

Six-apartment complex

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Kearny Mesa Auto Property Sold

$6.5 million sale

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Wednesday, December 23

Fine-Dining Seafood Delivery Co. to Launch in San Diego

FOOD: PureFish Will Offer Three Pre-Fixe Options Delivered to Customers’ Doors

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Medical Office Market Strong

Concerns from Pandemic Are Easing, Needs Growing

Common Ground Theatre Announces 2020-2021 Season

ENTERTAINMENT: San Diego’s Premiere Black Theater Plans for Virtual, Outdoor Productions

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San Ysidro Health Opens New Clinic in El Cajon

The site includes a new, federally qualified health center and a Program for All Inclusive Care for the Elderly (PACE), a program designed to address the healthcare needs of elderly individuals 55 years or older.

Tuesday, December 22

Dexcom Posts Strong Revenue, Stock Up 70%

BIOTECH: Company Will Launch G7 Next Year, Expands Global Market

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$100M Development Planned for Oceanside

HOUSING: Trumark Project to Include 301 Homes

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Grater Grilled Cheese Opens Fourth Restaurant

Otay Ranch Location Opened Dec. 11, North County and Los Angeles Planned for 2021

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Renovated Del Mar Offices Drawing Tenants

Dated Complex Given $4 Million Makeover

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Pathfinder Partners Sells Arizona Complex

$30.9 million sale

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Pacific Beach Apartments Sold

$2.9 million deal

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Monday, December 21

Quidel Delivers Record Profits

BIOTECH: Co. Plans 12 COVID-19 Products

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Salvation Army Expands Project

DEVELOPMENT: Women’s Center Added

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Carlsbad Apartments Sold

Two four-plexes

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Fairmont Grand Del Mar Becomes Sharecare Health Security Verified with Forbes Travel Guide

The verification was developed by Forbes Travel Guide.

NASSCO Receives $100M Ship Repair Contract

DEFENSE: Two Companies Bid to Do Work; Options May Bring Deal to $128M

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Arcturus Raising $150M in Follow-On Offering

BIOTECH: Company Is Developing COVID-19 Vaccine

Carmel Valley Firm Buys $95M Apartment Complex

273-apartment deal

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Hillcrest Apartments Sold

$6.8 million sale

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Sunday, December 20

Malls Innovate to Spread Holiday Cheer

RETAIL: Virtual Visits, Contactless In-Person Photos with Santa, Among Attractions

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Good Corporate Citizenship Draws Praise

LEADERSHIP: Awards Honor Inclusive, Responsible Governance

433 Pairs of Shoes

SDBJ INSIDER

San Diego MTS Inks $911 Million Contract

TRANSPORTATION: Transdev to Provide Bus Operations Services

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Healthcare Agency to Build $30M City Heights Project

CONSTRUCTION: Modular Housing to Be Made Out of Shipping Containers

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Totum Labs Nab $13 Million

TECH: Co. Will Launch Satellite to Showcase Tech in 2021

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Thursday, December 17

New Program to Help Local Restaurants

In Good Company to Sell Chef-Created Frozen Meals via Sustainable Delivery Service

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SDBJ's 2020 Corporate & Social Responsibility Diversity, Equity & Inclusion Award WINNERS Announced

Click Here to View Winners: www.sdbj.com/2020_CSR_DEI/

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Cordial Business Expands Internationally

TECH: Co. Helps Leading Brands Market Themselves Efficiently

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Ryan Companies Gets New West Division President in San Diego

Projects include Millenia in Chula Vista

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Miramar Industrial Buildings Sold

Two-building deal

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Mission Valley Buildings Sold

Two-building deal

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Westcore Buys Stockton Industrial Park

$20.1M deal

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Brixton Capital Buys Houston Complex

188-apartment project

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Sorrento Mesa Office Building Sold

$6.9M deal

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Wednesday, December 16

Front Desk Supply Pivots During COVID-19

HOSPITALITY: Supplier Now Offers Key Card Cleaners, Sanitizers

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Home Prices Rising At Near Record Pace

Dwindling Supply Driving Market

Oceanside Industrial Building Sold

Sale was $8.1M

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San Ysidro Health Hosts 2nd Annual El Zapaton Event

The affair will take place at the organization’s corporate site, San Ysidro Health, Precision park.

Tuesday, December 15

Midway District Advisory Group Selected

REDEVELOPMENT: Members to Help Determine Future of Sports Arena Site

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Carlsbad Sauce Company Launches Music Division

ENTERTAINMENT: Co. Teams with Universal Music Group for Distribution

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Soccer Team Opens Store

The Shop at SD Loyal To SellTeam Merchandise

Kratos Defense Gets Unmanned Aircraft Deals

Work Will Also Flow to General Atomics Aeronautical Systems

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Monday, December 14

TuSimple Raises $350M

TECH: Major Corporations Invest

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Sony Helps Upgrade Tech

EDUCATION: SDSU Plans to Add Units

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Partnership Launches ‘High Road Kitchens’ Program

RESTARAUNTS: Initiative Provides Jobs, Meals, Training for Restaurant Workers

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Largest Industrial Building Sells for $109M

Otay Mesa Sale Driven by Intense E-Commerce Demand

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Pandemic Pushes Life Sciences Companies to Innovate, Shift Focus

Custom Content: Life Sciences Leaders Share Insights at Virtual Roundtable Meeting

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Crown Point Apartments Sold

$3.6M sale

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Sunday, December 13

Kaiser Breaks Ground on San Marcos Hospital

HEALTHCARE: $403.3M Facility Being Built to Accommodate Growth

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Business Women Know No Boundaries

LEADERSHIP: Endeavors Show Ambition, Energy and Grit

Accreditation

SDBJ INSIDER

Qualcomm Targets Smart Cities, Healthcare, Agriculture and Construction

TECH: Co. Plans to Offer 30 Solutions for IoT Verticals

Volunteers Build Mini-Home for Wounded Warriors

CONSTRUCTION: San Marcos High School Students Assist as Part of Trades Program

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Accel Robotics Grows Leadership Team

Execs Will Help Commercialize Software

Friday, December 11

Arcturus Seeks to Raise $150M

Arcturus Therapeutics is looking to raise $150 million to fund efforts to develop a COVID-19 vaccine.

Jollibee Opens Store in Mira Mesa

The Mira Mesa store, opened Dec. 3, is the company’s 21st store in California and is located near the Mira Mesa Mall.

Thursday, December 10

Nashville Hot Chicken Trend Takes Off in San Diego

DINING: Dave’s Hot Chicken, Main Chick are the Latest Brands to Open Local Restaurants

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Gourmet Cannabis Brand Expands into Michigan

Kaneh Co. is Expected to Grow Revenue by 35% in 2021

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Shared Brewery, Winery and Restaurant Space to Open in Vista

Co-Lab Vista, a Multi-Concept Venue, is Scheduled to Open February 2021

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La Mesa Apartments Sold

$6.4 million deal

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San Diego Brokers Arrange $17.5M Loan

Acquisition loan

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Wednesday, December 9

Local Startup Takes First

Co.’s Software Helps With 401(k) Compliance

Register Today - SDBJ's Corporate & Social Responsibility Diversity, Equity & Inclusion Awards 2020

Register Here for the Free Virtual Event on Thursday, December 10th at 2 pm.

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Westcore Buys Colorado Industrial Campus

Campus has 11 buildings

Turtle Beach Corp. Increases Guidance

Gaming Headsets Selling Well in Market Conditions

Demand High for Higher Priced Homes

Carlsbad Development to Help Fill Soaring Demand

Sharp HealthCare Collects 1,290 Pints of Blood

Sharp HealthCare announced on Dec. 9 that it has collected 1,290 pints of blood at its facilities across the county from employees, their families and friends, as a part of their Sharp Lends a Hand community outreach program.

MG Properties Buys Apartments Near Seattle

$191 million deal

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Chula Vista Vocational School Building Sold

Renovated in 2019

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Cardiff By The Sea Building Sold

$3.7 million sale

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Tuesday, December 8

Cubic Beats Expectations in the Fourth Quarter

DEFENSE: Q4 Adjusted Earnings per Share Come in at $2.82

Launch Factory Recruits Tech Industry Veterans

STARTUP: Firm Will Close $2.5 Million in First Annual Fund

First San Diego Qdoba Opening Dec. 11

Mission Valley Location Will Also Serve as a Test Kitchen

Redevelopment to Reshape Part Of Central Mission Valley

Project Going into Final Design Work Following Recent City Approval

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Carlsbad Industrial Building Sold

$4.2 million deal

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Hillcrest Apartments Sold

Five apartments

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Vista Office Complex Sold

Complex has six buildings

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Monday, December 7

Aircraft Deal Worth Billions

DEFENSE: Big Win For Northrop Grumman

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Halozyme Bounces Back

BIOTECH: Stock Skyrockets 81%

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Buying a Piece of San Diego Sports History

SPORTS: Old Stadium Memorabilia Up for Sale as Construction Starts on New Aztec Stadium

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San Diego Automotive Museum Names New CEO

Leszczynski, a native San Diegan, joined the museum as executive director in January 2020.

Lockheed Martin Lands Systems Work

Part of Ongoing Support for Aegis Weapon System on Ships

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La Jolla Apartments Sold

Six-apartment complex

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Del Mar Firm Buys Retail Center

Center partially built

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Sunday, December 6

Sky Deck Collective to Open in May

DINING: Part of $120M Del Mar Highlands Town Center Expansion

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Flock Freight Raises $113.5 Million

TECH: Co. Plans to Hire Aggressively, Eyes IPO

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A New Name

SDBJ INSIDER

Micro-Apartment Complex Coming to Vista

HOUSING: New Project Addressing Need for Lower Price Points

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Project Mixes Affordable, Market Rate Apartments on Same Site

HOUSING: Construction to Begin on $55 Million Encanto Complex

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GoSite Raises $40M in Series B Funding

Co. Helps Small Businesses Build and Grow Online

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Friday, December 4

Mission Beach Apartment Building Sold

Building is on the boardwalk

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Thursday, December 3

New Coastal Homes to Incorporate a Touch of Australia

HOUSING: Corrugated Metal Featured in Design of Imperial Beach Development

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Grand Restaurant Group Opens Wine Store

Cork & Knife Escondido Will Offer Close to 100 Wine Varieties

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Tower 16 Buys Arizona Apartments

Project has 258 apartments

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Wednesday, December 2

Hera Hub Expanding Despite Pandemic

Coworking Company Feels Confident About Future

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Virbela Sees Record Growth for Its Virtual Worlds

TECH: Company Aims to Be International Player

North Park Apartment Complex Sold

10-apartment complex

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CREW Chooses Leaders for 2021

Bittner is new president

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Tuesday, December 1

Maravai Goes Public

BIOTECH: Co. Raises $1.62 Billion

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Prometheus Raises $130M

BIOTECH: Co. Has Promising IBD Drugs

Little Italy Tower Will Go to New Heights

HOUSING: 36-Story Apartment Project to Be Among Tallest Downtown

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Ubiq Security Raises $6.4M in Seed Equity Round

TECH: Startup Aims to Attract Thousands of Developers

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Palomar Taps New Chief Legal Officer

Palomar Holdings, Inc. has appointed Angela Grant as its Chief Legal Officer.

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Founders First Selects First Cohort

Founders First Capital Partners have selected fourteen Black-owned companies for its first cohort.