Stories for March 2020

Tuesday, March 31

In Changing Times, Wineries Resolve to Adapt

Business Models Shift as the Law Changes; Vintners Offer Discounts, Deals

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SOCi Closes $15M for its Oversubscribed Series C Round

San Diego Social Media Startup Has Raised Over $50 Million

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Local Cos. Pivot to Assist In Crisis

Startups: Offering Innovative Solutions to Help Those in Need

Sempra Looks Out to 2024, Reiterates Earnings Guidance

ENERGY: Co. Presents Investors With Growth Scenarios

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Organizations Offer Businesses Time, Money

Resources Offered By Local, State, Federal Entities

Otay Mesa Land Sold For $14.4M

Land is zoned for rental or for-sale housing

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Conrad Prebys Foundation's Challenge Match Gift to Help Scripps Fight COVID-19

This gift, coupled with matching donations from the community, will help front-line health care workers and make a meaningful impact in the fight against COVID-19.

Monday, March 30

La Mesa Apartments Bring $34.5M

Serena Vista has 110 apartments

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Construction Jobs in CRE Are Expected to Return After Pandemic

The Life Sciences and Tech Companies Are in Full Expansion Mode

Local Restaurants Counting On Take-Out And Delivery Model

Food: Website New Resource for San Diegans To Find Open Eateries

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Inseego, Turtle Beach and RF Industries Post Financial Results

ELECTRONICS: Private Placement of $25M Goes to Inseego

Mission Beach Apartments Sold For $3.1M

Complex has eight apartments

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Long Beach Developers Investing Heavily in San Diego County

Real estate: Co. Redevelops Property to Fit Tastes of Millennials

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Tech Summit Celebrates Women Leaders

More Than 300 Attended Event Just Before COVID-19 Restrictions Hit

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Sunday, March 29

County’s Storied Craft Beer Industry Reacts, Adjusts, Plans

Brewers Look Inward, Turn Outward; Intensely Social Venues Go Quiet

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Supply Chain Weaknesses Exposed in Crisis

TRADE: 85% of U.S. Pharmaceutical Components Are Made in China

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Intergenerational Homeownership Decline Continues

Millennials Deal With Rising Prices and High Student Debt

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Katherine Schwarzenegger Pratt's Conversation on Forgiveness Will Be in Virtual Venue

San Diego Women’s Week will present a virtual conversation with author Katherine Schwarzenegger Pratt during a webinar set for April 1. The discussion will run from 1 p.m. to 2 p.m. Pacific time. The event is free but registration is required.

Travel Tech Co. Receives $82M From Investors

STARTUP: CloudBeds Makes Management Software for Hotels, Vacation Properties

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Project Moving Ahead Despite COVID-19

Meridian Teams Up With IHP for 97 Townhomes; ttChelsea to Build 44 Apartments

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Hotel Del Coronado To Temporarily Close

According to a press release, the temporary suspension will go into effect on March 26.

Airport Authority Making Operating Adjustments in Response to COVID-19

TRANSPORTATION: $130 Million Worth of Projects Delayed, Airport Still Fully Operating

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Stockdale Secures $330 Million Loan for Horton Plaza Project

Property: Campus Likely to Cater to Tech Companies

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FDA Opens Door for Virus Diagnostics

MEDICINE: Mesa Biotech Readies 30-Minute Test

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Friday, March 27

Author Talk Will Be in Virtual Venue

San Diego Women’s Week will present a virtual conversation with author Katherine Schwarzenegger Pratt during a webinar set for April 1. The discussion will run from 1 p.m. to 2 p.m. Pacific time. The event is free but registration is required.

Thursday, March 26

What CA Developers Need to Know About Permit Deadlines and Extensions during COVID-19 Disruption

In the past, the Legislature has taken action to help developers weather times of uncertainty and economic downturn.

Forge Eligible for up to $190M in Antibiotic Deal with Roche

San Diego-based Forge Therapeutics struck an agreement with Roche centering on Forge’s antibiotic for treatment-resistant infections.

Pacific Beach Apartments Sold For $12.3M

Complex has 30 apartments

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Seqster Launches COVID-19 Symptom Checker

The module is built into its tech-enabled platform enabling health care enterprises to track the health of research subjects, in real-time and remotely.

Imperial Beach Apartments Sold For $3.8M

Complex was renovated in 2019

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Apartment Complex Sold For $2.3M

Complex has 10 apartments

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Pacific Beach Office Building Sold For $4M

Property sold in January

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Carlsbad Land Sold For $2.1M

Property preserved as open space

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San Diego Company Buys Georgia and North Carolina Apartment Complexes

More than 2,000 apartments included

Wednesday, March 25

Firms Overcome Barriers With Creative Design

Engineering: Kleinfelder Updated a Bridge Beloved by Community; NV5 Mulls Electric Infrastructure

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Local Co.’s Tools Part Of Anti-Virus Arsenal

Manufacturing: Dublin Airport Using the Sprayers

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Companies Scale Up Production of COVID-19 Tests

Medicine: FDA Relaxes Rules to Aid Efforts

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Nonprofit Adjusts Its Services to Meet Food Needs During Pandemic

Feeding San Diego Has About 170 Distribution Partners in County

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Rebuilding Momentum

Companies Expecting a Solid Rebound After Coronavirus Crisis

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Remedy Looks for Cures Across Both Medicine and the Healing Arts

Compounding Pharmacy Provides Even More Options

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Tuesday, March 24

Industry Sees Greater Role Coming for Technology After Recovery

Real estate: Tools To Transform Interactions Will Become the Norm

Co. Puts Together an Affordable Housing Option

PRODUCTION: Metal Homes Designed With Style and Ease of Construction

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Abundant Resources

North San Diego Business Chamber Proposing Waiving Property Tax Fines, Fees for 90 Days

This letter is being sent on behalf of residents and business owners in San Diego County to provide relief for those that have a loss of income and facing economic uncertainty in these unprecedented times.

Child Care Startup Brings Tools, Information To Providers

SERVICE: Changes in Regulations Allow Providers To Care for More Children

Nonprofits Need Forward-Thinking Decisions, and Funds

RELIEF: San Diego Foundation Will Collect, Disburse Donations

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Local Co.’s Tools Part Of Anti-Virus Arsenal

Manufacturing: Dublin Airport Using the Sprayers

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Companies Push Production Of Coronavirus Tests

Medicine: FDA Relaxes Rules to Aid Efforts

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Monday, March 23

North San Diego Business Chamber Updates Its Business Resources List

An update from the North San Diego Business Chamber, covering Shelter in Place, business insurance issues and more.

Exec Q&A: Aaron Ryan, Region Manager, Commercial Banking, J.P. Morgan Chase Bank

Aaron Ryan, Region Manager, J.P. Morgan Chase

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Connect All Goes Virtual With Second Cohort

Diverse Entrepreneurs To Be Economic Drivers For Their Communities

Sunday, March 22

San Diego’s True Grit

In a Time of Crisis, Companies, Organizations and People Prepare to Rally Resources And Support for Those in Need

United Way of San Diego County Creates Emergency Worker Assistance Initiative

In these challenging times, United Way of San Diego County is dedicated to helping low-income workers who need it the most.

City Heights Property Sold For $7.8M

Property to be redeveloped

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Miramar Medical Campus Sold For $5.3M

Campus has two buildings

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Amtrak Pacific Surfliner Reduces Schedule

According to a press release, individuals should continue to follow the statewide “stay at home” order and travel only if necessary.

Chollas Creek Apartments Sold For $5.9M

Complex has 48 apartments

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Feeding San Diego Continues Services, Distributions Continue Throughout County

Hunger relief programs, including those operated by Feeding San Diego and its network of charitable and faith-based partners, continue to provide hunger-relief services countywide to people impacted by the COVID-19 pandemic.

Friday, March 20

CUSTOM CONTENT: Banking the Medical Device Industry

Key Considerations for Selecting the Right Banking Partner

Union Bank's, Bruce Breslau, discusses the thriving Medical Device Industry in San Diego

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Thursday, March 19

Workforce Partnership Offers Advice for Businesses Forced to Lay Off Workers

The San Diego Workforce Partnership has updated its service offerings related to work stoppages, layoffs or furloughs. It can also advise on services for impacted employees.

DermTech Raises $65M in Private Placement for Skin Cancer Test

Funds To Accelerate Commercialization of Flagship Test

Susan G. Komen San Diego’s ‘More Than Pink Annual Dinner’ Goes Virtual

Be the first to experience a virtual reception from the comforts of your home with a dazzling online auction, captivating entertainment, giveaways, and more surprises to be announced.

Chamber Posts Coronavirus Business Update

The San Diego Regional Chamber of Commerce has created a coronavirus page on its website. The organization said it plans to update the page with timely resources and information from federal, state and local officials and partner organizations.

North San Diego Business Chamber Addresses Assistance, Resources

With business closing, jobs lost and lives put on hold, it is our mission as a regional Chamber to provide you with as many resources as possible to begin moving forward in this new normal.

San Diego Employers Association Addresses Work in the Age of Coronavirus

The San Diego Employers Association recently issued this article, written by Jennifer Jacobus, director of HR services, and Molly Wood, HR consultant.

World of Quantum Computing Keeps Qubitekk Occupied

Company Buys Patent Portfolio, Participates in Experiments

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I Love A Clean San Diego Responds to Public Health Action and the Coronavirus

In response to the public health action, I Love A Clean San Diego is making several changes to its operations.

EDC Statement on Coronavirus and the San Diego Economy

The San Diego Regional Economic Development Corp. has posted a statement regarding business response to the COVID-19 issue to its website. Selected portions are reprinted here.

San Diego Blood Bank Issues Urgent Plea for Donations

School closures and work-from-home policies have resulted in cancelled blood drives. San Diego Blood Bank collects more than half of its blood supply on bloodmobiles. An additional strain on the blood supply is expected in the coming weeks.

Small Business Development Network Remains Open, Offers Resources

The San Diego and Imperial Small Business Development Center Network (SBDC) is staying up to date with federal, state, and local public health officials to make sure the small business community has the current information, advice, programs and resources including access to capital at this critical time.

Wednesday, March 18

Maravai LifeSciences Acquires MockV Solutions

San Diego’s Maravai LifeSciences has purchased MockV Solutions for undisclosed terms, it was announced March 17.

Local Artisans Making Their Mark On Amazon Handmade

RETAIL: Exposure, Guidelines and Tools Help Sales

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Hilton Brand Brings Expansion, Impact

TOURISM: Developers Find Good Partner, Trusted Name

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Co.’s Capital Management Let’s One Control Funds

SaaS Provides Tools for Property Management

Exec Q&A: Jamie Johnson, Founder, Elevating Nightlife Group

Jamie Johnson Founder Elevating Nightlife Group

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Feeding San Diego Announces Food Distribution

Feeding San Diego has announced additional emergency food distributions to help meet the increased need throughout San Diego County. This comes as other social service and community resources close in response to the coronavirus issue.

Tuesday, March 17

Intuit to Acquire Tech Giant Credit Karma

Co. To Be Kept Separate, Has 100M Registered Users

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Poway Retail Center Is Ready To Compete

PROPERTY: Transformation Includes Tenant Mix, Interiors and Attitude

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Former Customer Purchases Iconic Restaurant

New Proprietor Redesigns Inside, Opens for Brunch

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Sempra Energy Revenue Grows 7% to $10.8B

Utilities: Port Arthur LNG Plant Comes Closer to Construction

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Cool-Jams Have Warm Sleepers Covered

Pajamas, Bedding Co. Forecasts $2.5 to $3M in 2020 Revenue

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2019 Was Solid Year For Hotel Sales

Property: Dollar Amount Up 82%; Interest Rates Remain at Historic Lows

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Monday, March 16

Hotel Firm Counting On Spreckels’ Character

Completed in 1927 as a bank, the 14-story building at 625 Broadway will be the flagship of Domio, a hotel firm that grew from a small bed-and-breakfast operation in New York City said its founder and CEO, Jay Roberts.

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San Diego North EDC Compiles Coronavirus Response Resources for Business

The San Diego North Economic Development Council issued the following newsletter Monday. It is reprinted here.

E-sports Companies Target Gamers

Startups: Plan to Service Millions Nationwide

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Cos. Should Inspect Insurance Policies for COVID-19 Coverage

Businesses seeing a slowdown or interruption in their operations with the emergence of COVID-19 may want to check their insurance coverage. That is according to a legal alert issued March 16 by Allen Matkins, a law firm with five offices in California.

n-Lorem Foundation Lands $500,000 for Rare Disease Work

The n-Lorem Foundation — a Carlsbad nonprofit that formed to supply individualized therapies free of charge to patients with ultra-rare genetic diseases — has received a $500,000 pledge.

San Diego Mission Bay Resort Gets New General Manager

According to a press release, Rucker will oversee all operations, financial performance and guest satisfaction at the resort.

Sensemetrics Inc. Partners With Yieldpoint Inc.

San Diego-based Sensemetrics Inc. has entered the underground mining market with a sensor platform and a partnership with Yieldpoint Inc., a geotechnical monitoring instrumentation company.

Sunday, March 15

Money in the Local Banks

From Cryptocurrency to SBA Loans, Banks Work To Provide An Expertise That Differentiates Them

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7-Eleven to Open Evolution Store Concept in San Diego

Evolution Store locations include a Laredo Taco Company restaurant, and other new food and beverage options

Stunning Data


Mesa Biotech Developing Rapid COVID-19 Test

Laboratory-Quality Results May Be Possible in 30 Minutes

San Diego Biotechs Forge Ahead on Potential COVID-19 Vaccines

MEDICINE: Arcturus Receives $10M From Singapore Agency

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Thursday, March 12

Tower 16 Sells Las Vegas Apartments For $35.5M

Firm bought property for $24 million

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El Cajon Medical Offices Sold For $5.6M

Offices were built in 2006

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Former Ballast Point Brewery Acquired

According to a press release, the opening of the San Diego brewery will add dozens of jobs to the local market.

MG Properties Buys Sacramento Apartment Complex

Complex has 270 apartments

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Alphatec to Buy EOS Imaging in $121.9M Deal

If the Sale Goes Smoothly, It Should Close in Fourth Quarter

With Roots in Sustainability, The Plot Plans Growth

Eatery’s Plant-Based, Zero Waste Ideals Are Finding Support

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Wednesday, March 11

Mesa Biotech Developing Rapid COVID-19 Test

Mesa Biotech is developing a COVID-19 test that aims to tell if someone has the virus in 30 minutes, amid clamoring to get answers faster as the deadly strain spreads.

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Lockheed Martin Radio Repair Project To Bring $55M to San Diego Region

Lockheed Martin Radio Repair Project to Bring $55M to San Diego Region

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Lost Cause Meadery Opens Second Location

According to a press release, the new 3,200 square foot Lost Cause Meadery space will open to the public on March 28.

The View Is Good From Top 10% Of The San Diego Market

Sale Of Homes Between $2M and $3M Surged In 2019

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Collective Serves Local Artisan Coffee Industry

STARTUP: Company Rental Space Opens Options For Would-Be Coffee Makers

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SleepScore Labs Wants to Make Them All Good Nights

HEALTH: Company’s Tech Gives Marketers Much Needed Selling Points

Office Sector Settling Down In Suburban Submarkets

Downtown Still Waiting for That Star Tenant to Move In

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Tuesday, March 10

Insurance & Technology Forming a Closer Bond

Technology Informs Decisions, Replaces Clerical Tasks, Helps Customer Service

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Chef Works Is Operating in 90 Countries

HOSPITALITY: Brand Focuses on Culinary Apparel Innovation

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Oceanside Industrial Building Sold For $2.4M

Building includes office space

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Spring Valley Land Sold For $2.1M

Property is 1.2 acres

Vista Lease Renewed

Lease is for seven years

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Six Startups Picked for Angel Conference and Chance for $200K

Pitch Event Has Biggest Cash Prize Of The Year

Monday, March 9

Theater’s Star Qualities to Be Part of Condo Tower

PROPERTY: Historical Charms to Mix With Modern 444 Units

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Carlsbad Office Park Sold For $34.2M

Deal covers four buildings

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Law Firm’s Move Changes More Than Location

Foley Finds Space That Is More Intimate, Less Intimidating

Loan Of $330M Secured For Horton Plaza Redevelopment

Redevelopment poised to start

Executive Q&A: Terryl Gavre, Restaurateur

Proprietor, Cafe 222 Co-Proprietor, BANKERS HILL BAR + RESTAURANT

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Entrepreneur Sees Human Memory as The Next Big Thing

After Previous Success, Kanuganti Believes Region Perfect for New Tech Co.

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Sunday, March 8

Business Interruption Insurance Can Be a Bridge Over Troubled Times

Not Likely to Help In A COVID-19 Situation

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Flock Freight Attracts $50M In Series B

STARTUP: Customer Only Pays For Actual Space Used

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Co. to Use Body’s Innate Immune System Against Cancer

Primmune Therapeutics Raises $7 Million in Seed Round

International Flavors Come Through at Unusual Restaurant

Brothers Bring French-Mexican Cuisine To Oceanside’s Food Scene

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Marketing Firm Makes Bold Move

PROPERTY: Neighborhood’s Vibe to Inspire at Sherman Heights HQ

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PvP Deal Could Be Worth More Than $330M

ACQUISITION: Takeda Gets Drug to Possibly Treat Celiac Disease

Combat Radios From Viasat Grab Customer Interest

Handheld Link-16 Radio Is a Useful Companion

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BlueNalu Catching On, Raises $20 Million

Food: Mini-Factory Will Test Co.’s Ability To Scale Up Production

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Jumping In


Thursday, March 5

Arcturus Lands up to $10M for Potential Coronavirus Vaccine

Arcturus said its vaccine could be effective at lower doses than other RNA-based medicines, reducing the time and cost to vaccinate large populations.

Child Care Startup Moves to Sorrento Valley Headquarters

Company makes technology part of child care solution...

Westcore Properties Acquires San Jose Warehouse For $20.5M

Building is near BART station

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El Cajon Nursing Home Sold For $3.8M

Nursing home has 47 beds

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South Bay Industrial Buildings Sold For $3.6M

Buildings leased to Caliber Collision

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Escondido Industrial Buildings Sold For $3.2M

Sale covered two buildings

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Ciari Guitars Creates Its Own Stage With Music Oasis

STARTUP: Airport Kiosk Is Well Positioned Marketing Tool

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Robolink Puts Both Learning and Fun in Lesson Plan

EDUCATION: Goal Is To Nurture Stem Skills; Devices Sold Online

Wednesday, March 4

Titan Poised to Buy Huntington Ingalls Yard

DEFENSE: Navy Ship Repair Is the Facility’s Bread and Butter

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‘Cooking Guy’ Brings Something Special to Culinary Scene

Dining: Growing Restaurant Group Cashing In On The Unusual

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Drivers — and Putters — Wanted By Platform

SPORT: Golf Company App Can Help Fill Holes in the Schedule

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Exec Q&A: Victor G. Ramsauer, CEO, LevitZacks

Victor G. Ramsauer, CEO, LevitZacks

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Forte Biosciences Gets Nasdaq Listing After Tocagen Merger

FDA Decision on Opioid Alternative Delayed; Genomics Co. Has Series A

Trackable Tech Sees Promising Future In Apparel

Startup Wiliot Spearheading the Innovation

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Tuesday, March 3

Chosen Foods Undergoes Rebranding

San Diego-based Chosen Foods has undergone a complete rebranding.

Kearny Mesa Building Sold For $2.6M

Building has office, residential and retail space

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Data Sharing Startup Secures $3.5 million in Seed Round

CEO Alexander Watson and the founding team previously held jobs working for the National Security Agency, Google and Amazon Web Services.

The Evolution Of Retail

News from the SDBJ's insider Stephen Adamek

Giving Workers Their Space

Coworking Spaces Continue to Expand in The San Diego Market

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Coworking Fills Needs of a Variety of Businesses

REAL ESTATE: Tenants Get Flexibility, Community, Location, Image

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Mobile Billboard Company Moves Client Advertising To the Streets

Clients Can Submit Their Own Display Or Have Co. Create It

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Monday, March 2

Construction Begins On Five-Building Del Mar Heights Office Complex

PROPERTY: Developers Are Hoping to Lure A Silicon Valley Co.

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Alphatec to Buy EOS Imaging in $121.9M Deal

Carlsbad-based Alphatec has agreed to acquire EOS Imaging in a $121.9 million deal.

Stos Partners Buys Miramar Coworking Site

Deal was a joint venture with Long Wharf Capital of Boston

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Blue Diego Investment Group Acquires Aira Tech Corp

San Diego startup Aira, offers a technology-based service for blind people and people with limited eyesight.

Cart Mart Acquires Georgia Company

“The integration of B2BUV will be a big step for both organizations as Cart Mart establishes its first Southeast location in addition to our current network of five Southern California dealership locations, said Brian Rott, CEO of Cart Mart.

Callaway Golf Appoints New Executive Vice President of Apparel and Soft Goods

Callaway Golf Company has named Joe B. Flannery as its executive vice president of apparel and soft goods.

Normal Heights Apartment Complex Sold For $2.9M

Complex has eight apartments

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Lincoln Park Apartments Sold For $2M

Complex has eight apartments

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In Tight Market, Cos. Secure Space Even for Possible Future Needs

Building Owners Repositioning Properties to Appeal to Tech

As Ten Year Leases Run Out, Law Firms Find Tight Markets

Biotech and Life Sciences Crowding Out Competitors for the Prime Office Space

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S.D. Takes a Top 10 Spot For Rent Growth

Investors Like the Market, But Specter of Rent Control Remains

Sunday, March 1

Qualcomm Appears to Be in Pole Position for 5G Rollouts

Tech: Analyst Expects 5G Plans to Bring Co. Big Revenue Increase

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Flock Freight Raises $50 Million

Flock Freight sells software that helps shippers and carriers move products more efficiently.

Guild Mortgage Announces Record Loan Volume for 2019

The San Diego-based company said loan volume reached $21.71 billion for 2019

San Diego-Based Coastal Payroll to Acquire Paystar

Coastal said the purchase of Bay Area-based Payroll will allow it to expand into Northern California.

Tijuana’s Telefonica Gastro Park To Open San Diego Location

According to an interview with founder Antonio Gamboa on KPBS’ “Only Here” podcast, he is in the middle of contract negotiations with a location in S.D., dubbed Telefonica Norte.

Rancho Bernardo Office Building Sold For $4.3M

Building is being renovated for medical use

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Hemlock Aims for Hats That Shine In Sun or Shade

Co. Also Designed Free-Standing Tower To Merchandise Hats

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Anokiwave on the Move With the Proliferation of 5G

Business Offers Antennas, Chips for Base Stations

Cosmetic Surgery Centre ‘Partners’ With Patients

BEAUTY: Informing Clients on Procedures Is Marketing Tool

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IZO Mezcal Gets Boost From Big-Box Store

RETAIL: Spirit Manufacturer Uses Tradition, Uniqueness

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CorTechs’ Software Helps In Diagnoses and Treatment Decisions

AI Analysis Quantifies the Extent Of Brain Damage

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Device Cos. Report Solid Earnings

MEDICINE: Dexcom ResMed Have Strong Q4 Revenue

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Company Gets $1 Million From Gates Foundation for Tuberculosis Testing

Company Is Developing Portable System to Detect Tuberculosis

Kratos Defense Revenue Hits $718M, Missile Program Subcontract Eyed

Northrop Grumman Is Only Bidder on Nuclear Missile

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