Stories for November 2020

Monday, November 30

QED Systems to Plan Ship Maintenance

DEFENSE: U.S. Navy Could Extend the Three-Year Contract at its Option

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Cross Border Adds Facial Comparison Tech

Pedestrian Skybridge Hopes to Further Secure Check-In Process

$12M Training Center Being Built

Squash Courts to Be Used to Motivate Youth

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Giving Tuesday 2020

Click Here to Support these Non-profits for Giving Tuesday 2020 -- A Global Generosity Movement unleashing the power of people and organizations to transform their communities and the world.

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Sunday, November 29

IQHQ Raises $1.7 Billion in Equity

FINANCE: Funding Coming From New and Existing Partners

Reducing Waste

SDBJ INSIDER

Trust & Will Raises $15M in Series B Round

TECH: Co. Will Expand Digital Estate Planning Software

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SD 500 Special Edition

The Most Influential People in San Diego

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Thursday, November 26

Fit Athletic Club Owner Opens Café

Baked located in the East Village, Specializes in Bagels and Buns

Rady Children’s Hospital Receives $1 Million

HEALTHCARE: Funds to Be Used to Expand 3D Printing

A Dynamic Moment for Downtown

Area Expected to Rebound Strongly After Pandemic, Experts Say

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Wednesday, November 25

Zappogen Helps Cos. Fight Virus

Quadrupled Sales In Last Few Months

SDBJ's 2020 Business Women of the Year WINNERS Announced

Click Here to View Winners: www.sdbj.com/BWOTY2020/

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Rental Rates Strong in County

Region’s Apartments Bucking National Trend

Vista Industrial Building Sold

Building is 68,222 square feet

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Kratos Acquires 5-D Systems

Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS) has acquired 5-D Systems (DST), a CMMI Level 3 Systems and Software Engineering company.

Carlsbad Property Sold

Property to be redeveloped

Tuesday, November 24

Cymbiotika Moves Headquarters to San Diego

HEALTH: Company Centralizing All Departments

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Nuvve Will Trade on Nasdaq Through Uncommon Merger

TECHNOLOGY: Co. Will Join with a Special Purpose Acquisition Company

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Cesarina Restaurant Owners Grow Brand

Scheduled to Open a Commissary Kitchen in Early Q1

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National City Apartments Sold

14-apartments

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Chula Vista Industrial Building Sold

Building is 10,978 square feet

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Monday, November 23

Arcturus Gets $220M More

PHARMA: Funds To Advance Vaccine Efforts

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Sempra Gives Salk $2M Grant

TECH: Aims to Help Fight Climate Change

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White Nelson Diehl Evans Joins Audit Giant CLA

ACCOUNTING: Firm Found ‘Ideal Fit’, Gives CLA San Diego Presence

La Jolla Medical Building Transformed

Built in 1964, Neglected Structure Converted to Apartments

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Sunday, November 22

$285M East Village Apartment Tower Opens

DEVELOPMENT: The Merian Seen by Many as a Sign of Downtown Resilience

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New Leaf Biofuel Expanding Facility

ENERGY: Increasing Capacity at Barrio Logan Plant

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Expanding Outreach

SDBJ INSIDER

Five Story Vista Apartment Project Completed

HOUSING: Officials Hope It Will Help Energize City Center

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Encinitas Resident to Open Upscale Convenience Store

RETAIL: MRKTSPACE is Scheduled to Open First U.S. Store in May

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Dermala Nabs $6.73 Million Series A

Dermatology Company Prepares to Scale

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Thursday, November 19

Canadian Vegan Lifestyle Co. Sets Up U.S. Flagship in Hillcrest

RETAIL: PlantX Store is Scheduled to Open in Early 2021

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Mintz Law Firm Gets a New Look with Expanded Offices

DESIGN: Remodeled Space Spreads Over Three Floors

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PAC-MAN Second Inductee into Comic-Con Museum Character Hall of Fame

PAC-MAN joins Batman, who was the first character inducted and launched the Museum Character Hall of Fame in 2019.

Miramar Industrial Building Sold

Building was occupied by SDGE

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El Cajon Apartment Complex Sold

Complex has 17 apartments and one house

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Rady Children’s Hospital Receives $1M to Expand 3D Printing

Rady Children’s Hospital has received $1 million from the Helen and Will Webster Foundation.

Vista Industrial Building Sold

Building is 134,299 square feet

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Wednesday, November 18

Micro-Unit Complex Planned for La Jolla Village

HOUSING: Co. Also Planning Similar Project for Liberty Station

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SDBJ Recognizes Lifetime Achievement Honoree Lidia S. Martinez

The San Diego Business Journal is proud to honor San Diego's 2020 Business Women of the Year Award Winners on Thursday, Nov. 19. The event runs from 2 p.m. to 3:30 p.m. Click here for registration information for this free Virtual Event.

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Big Table Helps Hospitality Workers

Non-Profit Has Aided 602 Restaurant And Hotel Employees Since COVID-19

Cos. Seek to Acquire Industrial Buildings

Warehouses Sought for Battery Storage as Alternative Energy Source

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Tuesday, November 17

$150M Carlsbad Project Includes Urban Farm

DEVELOPMENT: 248 Townhomes, 46 Senior Apartments Planned

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‘Living Lab’ at Miramar to Host 5G Experiments

DEFENSE: Pentagon Explores How Wireless Tech Can Help Its Mission

P.B. Startup Focuses On Men’s Hair Care

Co. plans to expand into major retailers.

Leasing Up Slightly Even with Pandemic

Rebounds in Third Quarter, Retail Market Adjusting

Estate Planning Startup Raises $15M

Trust & Will has secured Series B funding to fuel product innovation, growth and partnerships.

Monday, November 16

Qualcomm Earnings Surge

TECH: Benefits from Rising 5G Demand

SDBJ's 2020 Leaders in Law WINNERS Announced

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

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Viasat Has a New CEO

TECH: Baldridge’s Role Is Formalized

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Digital Payment Company Raises $4 Million in Financing

TECH: GreenBox POS Develops Software and Hardware for Over 100 Industries

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Personal Travel Kit Co. Sees Rapid Growth

TravelClean Meets Needs of Air Travelers in COVID-19 World

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Slate Law Group Moves to New Offices

Slate Law Group also added two new departments: human resources and tax services.

Stos Partners Acquires Industrial Buildings

Poway and San Marcos sites

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Sunday, November 15

Observation Wheel for Balboa Park?

HOSPITALITY: Cohn Group Seeks Approval of Sky Dining Experience

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Merck Buys VelosBio for $2.75 Billion

BIOTECH: Acquisition Will Strengthen Merck’s Oncology Pipeline

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Recognition

SDBJ INSIDER

RayzeBio Launches With $45M Series A

BIOTECH: Co. Has Pipeline of Seven Programs; Will Triple Team Headcount

San Diego Restaurant Week Returning in January

HOSPITALITY: Eight-Day Event will Feature Over 160 Restaurants

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Kratos’ Third Quarter Results Beat Analyst Expectations

DEFENSE: Continues to Forecast Annual Revenue of $740M to $780M

Carlsbad Warehouse Sold

Former recording studio

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Strata Equity Group Sells Georgi Apartments

A $300 million deal

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Thursday, November 12

Primmune Therapeutics Aims to Treat Cancers, Viral Diseases

BIOTECH: Company Closes $27.4M Series A Financing

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Investment Co.Turns Rundown Housing Around

DEVELOPMENT: Oceanside Apartment Complex Gets Makeover

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Lawmatics Raises $2.5M in Seed Round

Co.’s Software Helps Legal Firms with Marketing

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Affordable Complex Has Striking Design

$35.5M East Village Housing Project Built Around Fault Line

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Everbowl Opens Pacific Highlands Ranch Location

The store is scheduled to open Friday, Nov. 13, marking the brand’s 28th brick-and-mortar across California, Utah and Arizona.

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Birch Aquarium Adds Outdoor Activities, Will Remain Open

To continue to serve the community, Birch Aquarium at Scripps Institution of Oceanography will add a handful more outdoor activities and will remain open during this second COVID-19 wave.

San Diego Paper Box Co. Renamed Pemcor Packaging

While the company’s name is changing, the team and legal identity will remain the same.

Palomar Buys Renewal Rights from GeoVera

Palomar Specialty Insurance Co. has agreed to acquire the renewal rights to GeoVera’s Holding’s Hawaii residential hurricane policies.

Wednesday, November 11

Sustainable Multi-Concept Destination to Open in Barrio Logan

RESTAURANTS: Venue Will Feature Four Dining and Craft Beverage Options

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Leaders Offer Student Entrepreneurs Advice and Insight

ENTREPRENEURSHIP: Concept Challenge Awards Scholarships to USD Students

Heineken USA Releases Hard Seltzer Product

New Bask IPA is Strategically Being Tested in San Diego

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Security On-Demand Pulls in $2.2M Grant

Funds from European Union to Improve Cybersecurity Product

Office Market in Recovery Mode

Life Science Deals Shore Up Third Quarter

Tuesday, November 10

Michelin Guide Recognizes Five San Diego Restaurants

DINING: Morning Glory, Tuetano Taqueria, Sushi Tadokoro, Soichi Sushi, Dija Mara Make Discoveries List

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Angel Conference Gears Up for Annual Event

More than $2 Million Has Been Awarded to Startups

Hologic Gets $119M for COVID Testing

U.S. Government Funds Will Add Capacity to Produce More Tests

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San Diego Is a Station on Military Spouses’ Business Journeys

DEFENSE: National Organization Guides Them on Entrepreneurial Path

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San Diego Women’s Foundation Opens Cycle 21 Grant Fund

The grant cycle begins on July 1, 2021 and ends on June 30, 2022. SDWF expects to award $200,000 to $225,000 in July 2021.

Monday, November 9

Airport on Road To Recovery

TRAVEL: Passenger Numbers Up 468.08%

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Cubic to Spend $50M on Plant

DEFENSE: Foresees Growth in Electronics

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San Diego Businesses Eligible for EV Charger Rebates

TRANSPORTATION: $21.7M Program is an Effort to Increase Electric Vehicle Charging Locations

Alila Marea Hires Chef Claudette Zepeda

Will Run Culinary Efforts At the Encinitas Beach Resort

Dermatology Co. Raises $6.73M Series A

Dermala, a consumer dermatology company has raised $6.73 million in Series A financing.

Southwest Airlines Adds Flight to Honolulu from SAN

The flight, from the Daniel K. Inouye International Airport, marks the first time Southwest provides daily, nonstop service from SAN to Hawaii.

Fallbrook Apartments Sold

$4.2 million sale

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Sunday, November 8

Navy Moving into New Headquarters

DEVELOPMENT: $212M Bayfront Tower Part of Pacific Gateway Master Plan

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Honoring Service

SDBJ INSIDER

Appeals Court Not to Reconsider Qualcomm Decision

TECHNOLOGY: Refusal Final Blow to the FTC’s case

Guild Mortgage Listed on the New York Stock Exchange

FINANCE: Firm Does Record Volume With the Aid of Low Interest Rates

Mission Valley School Going Up in Civita

CONSTRUCTION: $55M Elementary School Being Built on Unusually Small Site

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Friday, November 6

Mission Hills Apartments Sold

13 apartments

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Thursday, November 5

North Park Infill Project Adds New Life to Neighborhood

HOUSING: Follows City’s Drive to Encourage Denser Projects Along Transit Corridors.

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2020 Giving Guide

San Diego Business Journal

View San Diego Business Journal 2020 Giving Guide Now

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Making Real Estate Investing Accessible

Co. Has More Than 15,000 Investors on Platform

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Wonderspaces Returns to San Diego

Virtual Reality Pop-Up Event is Taking Place at Liberty Station

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A&D Sprinklers, Inc. Acquired by The Hiller Co.

The acquisition closed on Nov. 1, 2020.

$19M Paid for El Cajon Apartment Complex

Villa Grand has 110 apartments

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Financing Provided for Mission Hills Deal

Building sold for $3.6 million

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Wednesday, November 4

Export Specialty Center Opens at World Trade Center Headquarters

TRADE: Will Focus on Small Business Export, Advising and Training

General Atomics in Reactor Partnership

Fast Modular Reactor Could Be Fielded by Mid-2030s

Rancho Penasquitos Apartment Complex Sold

Complex has 32 apartments

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How Much is Luxury Housing?

Average San Diego Home Prices to be $1.1M by 2030

Tuesday, November 3

Q&A: Community HousingWorks’ New CEO

LEADERSHIP: Sean Spear Ramping Up Affordable Housing Projects

Sean Spear in October took over as the new CEO of Community HousingWorks, an affordable housing developer based in San Diego.

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SDBJ's 2020 40 Next Top Business Leaders Under 40 WINNERS Announced

Click Here to View Winners: www.sdbj.com/2020_NextTop40/

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Raising the Profile of the Museum of Art

LEADERSHIP: In 10 Years, Velasquez has Increased Museum’s Collection by 2,560 Pieces

Roxana Velasquez is a force to be reckoned with in the world of art.

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Malibu Farm to Open Spring 2022

New Seaport Village Restaurant Owned by Actor John Stockwell

Seaport Village has announced a new tenant as part of the Port of San Diego’s multi-year revitalization project: Malibu Farm LLC, a farm-to-table concept.

Escondido Project Features Two Neighborhoods

Trumark Homes Confident in Local Market

A new Escondido housing development is geared to older home buyers and young families with separate designs for each group.

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Monday, November 2

Biotech Leads Q3 Investment

VENTURE CAPITAL: Cos. See $933M in Funding

Biotech and life science companies led San Diego’s top venture capital rounds last quarter, furthering the region’s reputation as a biotech hub.

$4M Grant to UC San Diego

EDUCATION: Need Seen in Mental Health

UnitedHealth Group has granted $4 million to the UC San Diego School of Medicine to encourage more students to go into the fields of child and adolescent psychiatry.

Bitcot Helps Companies Bring Products to Life

TECH: Company Designs, Develops and Builds Digital Solutions

Bitcot Inc., a web and mobile application development technology company in San Diego, is helping several Fortune 100 companies, small businesses and young startups bring their ideas to fruition.

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Kratos Receives Target Drone Contract

Navy’s BQM-177A Goes Into Full Rate Production With $29.2M Order

Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS) announced on Oct. 5 that it received an initial $29.2 million full rate production contract for Lot 1 of the BQM-177A subsonic aerial target (SSAT) drones from the U.S. Navy for the procurement of 35 target aircraft and technical data.

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Hillebrand Beverage Logistics Co. Leases San Diego Warehouse

Hillebrand has leased a new warehouse at The Campus at San Diego Business Park.

Pacific Beach Apartment Complex Sold

Complex eight apartments

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Sunday, November 1

Callaway Golf Makes $2 Billion Deal

SPORT: Topgolf Purchase is Investment in New Products, Experiences

Carlsbad-based Callaway Golf Co. has agreed to buy Topgolf Entertainment Group in an all-stock deal worth $2 billion, plus debt.

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Restaurants Seizing the Opportunity to Expand

DINING: Operators Take Advantage of Turnkey Deals

Many restaurants are giving up their leases and shuttering their doors because of COVID-19. But, for every location that closes, it appears a new one is opening, as operators are seizing the opportunity to lease turnkey spaces and expand their operations.

New Faces

SDBJ INSIDER

Kandji Raises $21M in Series A Round

TECH: Co. Breaking Records Building Next Generation Apple MDM

San Diego-based Kandji, a next-generation Apple MDM (mobile device management) company, has closed a $21 million Series A investment round.

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$100M Mixed Use Project Coming to Poway

DEVELOPMENT: 97 Townhomes and 44 Affordable Apartments to be Included in Community

Meridian Communities – an affiliate of the company behind development of Millenia in Chula Vista - is building a mixed-use project in the historic Poway Town Center that will include 97 market-rate townhomes and flats.

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Manscaped Expands, Explores Options

Grooming Startup Could Be Valued At $700M

Manscaped, a startup that makes men’s grooming products, on Oct. 22 has launched in 30 European countries, including France and Germany.