Stories for October 2020
Thursday, October 29
San Diego Business Journal Honors 40 Leaders
San Diego Business Journal Honors 40 Leaders
GIVING: Need is Great in 2020 as They Wrestle With Pandemic
Otay Mesa Building Sells for $2M More than it Sold for a Year Ago
Nominate by November 9 - SDBJ Corporate & Social Responsibility Diversity, Equity & Inclusion Awards 2020
Click Here to Nominate Today: www.sdbj.com/2020_CSR_DEI/
ChromaCode, a Carlsbad-based molecular diagnostics company, announced it has shipped over 1 million COVID-19 tests.
Wednesday, October 28
BEVERAGES: Non-Alcoholic Beer Manufacturer Gets a ‘Yes’ at Open-Call Event
Two Roots Brewing Co., the Sorrento Valley based non-alcoholic beer company, is expanding.
Phones with Co.’s Tech Will Be Available in 2021
In 2019, Truepic, a San Diego startup joined forces with local tech giant Qualcomm, through a strategic partnership which aimed to leverage its image-verification technology to be fully integrated into mobile chipset devices.
FINANCE: Tech Automates Compliance Checks for Banks
TradeSun, a cloud-based trade finance platform, has partnered with Stanbic Bank Kenya to implement artificial intelligence in documentary trade finance.
Carlsbad Firm Partners With AeroVironment on Army Network
Viasat Inc. and AeroVironment Inc. announced on Oct. 15 that they will collaborate on a contract awarded under a U.S. Army initiative called Reconfigurable Communications for Small Unmanned Systems.
A Kearny Mesa industrial building has been sold for $4.3 million.
Tuesday, October 27
ARCHITECTURE: East Village Building Uses Steel as Central Design Element
Steel is a big part of the work Paul Basile’s BASILE Studio did in its award-winning design for Broadstone Makers Quarter in downtown San Diego’s East Village.
TECH: Company Will Seek to Raise Series A in Early 2021
San Diego-based Gatsby, a business-to-business influencer marketing platform, has launched an automated suite of tools to provide analytics on micro-influencers.
Carlsbad Space Gives Company Modern, Cleaner Look
Ware Malcomb has designed new office space for Airspace Technologies in a Carlsbad building that had previously been renovated under a design by Ware Malcomb that split a single structure into two separate buildings with a paseo in between.
Laura Johnson Encouraging Female Distillers
Laura Johnson, co-founder and CEO of You & Yours Distilling Co. in East Village, wants to help other female distillers break into the industry.
Gomez Franco will replace Janet Ruggles, who retired at the end of 2019 after 37years with BACC. Gomez Franco will start in early December.
A 108-year-old Mission Hills building that combines apartments and commercial space has been sold for $3.6 million.
Monday, October 26
BIOTECH: Co. Plans to Produce More Virus Tests
The U.S. Department of Defense awarded San Diego-based Cue Health Inc. $481 million to expand the capacity of its San Diego manufacturing plant.
TECH: IKIN Creates New Way of Interacting
IKIN, a San Diego-based company founded in 2017, is currently in discussions with some of the largest companies in the world to provide holographic solutions for both businesses and consumer experience applications.
HOUSING: Presidio Residential Capital Ramps Up Investments to Meet Growing Demand
A San Diego firm that finances new housing developments throughout the Western U.S. has dramatically ramped up its investments as a result of COVID-19.
BodyFly Fitness' BodyFly Designed to Replace Bulky Equipment
BodyFly Fitness, a Mission Valley-based provider of at-home gym equipment, is empowering fitness professionals to make the most out of their workouts with its product called BodyFly.
The James M. Cox Foundation granted a total of $250,000 to two San Diego County nonprofits, the Monarch School and Family Health Centers of San Diego.
Sunday, October 25
HOSPITALITY: $180M Project Will Add 387 Rooms and 400 Jobs
The city of Oceanside is about to get a major hospitality upgrade. The Mission Pacific Hotel and The Seabird Resort, two adjacent oceanfront properties, are scheduled to open spring 2021.
Click Here to Nominate Today: https://sdbj.com/BWOTY2020/
DEFENSE: Report Quantifies Presence of Navy, Marines, Contractors
The U.S. military was responsible for some $33.6 billion in direct spending in San Diego during fiscal 2020.
The University of San Diego’s Supply Chain Management Institute holds a Supply Chain Fall Forum each year that brings more than 200 attendees from more than 80 companies.
EDUCATION: 1970s Vintage Structure Escapes the Wrecking Ball
Once destined for the wrecking ball, a Mesa College building of 1970s vintage that climbs up a Clairemont Mesa hillside has been transformed into a fine arts building.
APPAREL: Sunglasses Co. Projected to Grow Revenue by 40%
Knockaround, LLC, a sunglasses company based in Old Town and with 30 employees, will reach a significant milestone this year – thanks to COVID-19.
BIOTECH: Co. Touts 20-minute Time Frame to Detect COVID-19 Virus
Healthcare analytics and diagnostics company, Genalyte Inc. received emergency use authorization from the U.S. Food and Drug Administration (FDA) for its rapid COVID-19 antibody test, SARS-CoV-2 Multi-Antigen Serology Panel on Oct. 15.
Friday, October 23
Over the last decade, the Holiday Bowl has averaged $31 million in economic impact and more than 28,000 hotel room nights annual for San Diego.
Thursday, October 22
FOOD: Co’s. Keto Bars to be Available in Walmart and Target Stores Nationwide
Bhu Foods, an Otay Mesa-based manufacturer of clean snacks, is flourishing. As of this month, Bhu Foods will be available in 490 Whole Foods, more than 1,500 Target locations and 900-plus Walmart stores nationwide.
Lips Seeks to Raise $350K Pre-Seed Round
Entrepreneur Annie Brown, has launched a social commerce startup designed for women and LGBTQ community and is raising a $350,000 pre-seed round from investors.
Local Investor Owns Projects at 24 Universities
Despite outbreaks of COVID-19 at some college campuses and a switch by some to online classes, student housing is proving to be one of the most resilient markets for commercial real estate, according to Frederick W. Pierce IV.
The U.S. Food and Drug Administration approved its first COVID-19 treatment: Gilead Science Inc.’s antiviral drug remdesivir. The FDA and Foster City-based Gilead (Nasdaq: GILD) announced the news on Oct. 22.
Brewers Guild Plans Virtual Beer-and-Food Pairings, Live Stream Concert
COVID-19 isn’t stopping the San Diego Brewers Guild from bringing “hoppiness” to San Diegans.
Westcore, a commercial real estate investment firm based in San Diego, has acquired a portfolio of 35 industrial buildings in three Texas cities for an undisclosed price.
Spill the Beans will offer counter service with a few tables for outdoor seating.
Wednesday, October 21
A Kearny Mesa townhome apartment complex has been sold for $107 million. Prime Residential of San Francisco bought Agave Ridge apartments from Goldrich & Kest, a real estate investment and operating company based in Los Angeles.
LOGISTICS: New Route Planned for Truck Traffic Related to Ocean Shipping
Clearing the way for a wider variety of bulk and oversize cargo, the Port of San Diego recently completed its $24 million modernization of its 10th Avenue Marine Terminal.
PKL Services to Get Singapore Military Familiar With Aircraft
The U.S. Air Force awarded PKL Services Inc. of Poway a $13.8 million modification to a 2018 contract. Under the deal, PKL will continue to provide training on the maintenance and operations of F-15 SG jets to the Republic of Singapore Air Force.
A Carlsbad industrial and research and development building has been sold for $2.7 million. SpeedHQ bought the 11,486 square-foot building at 2772 Loker Ave. from PWI Loker.
A Solana Beach mixed-use building that combines retail and office space has been sold for an undisclosed price. The buyer was a tenant.
The figures are based on internal Airbnb data and a 2020 survey of guests that booked a stay or activity in San Diego last year.
Tuesday, October 20
AGRICULTURE: Move to Encinitas Provides Ideal Coastal Conditions
DEVELOPMENT: Apartments Part of Mission Valley’s Civita Project
Sudberry Properties has completed the first of two buildings that comprise its Purl apartment complex in the Civita development in Mission Valley.
FOOD: ‘Mainstream’ to be Available in Stores by the End of the Year
Before the Butcher, a San Diego-based plant-based meat manufacturer, wants no American left out of the meat analogue trend.
Co. Has Partnered with Genomatica, Raised $50M
San Diego-based startup Creo, an ingredient company that produces rare and novel cannabinoids, has officially launched after spending four years in research and development mode.
National Survey Ranks Cities Based on Amenities
Oceanside has been tagged by a recent national survey as the best little suburb with an urban feel in San Diego County.
TradeSun, a cloud-based trade finance platform, has partnered with Stanbic Bank Kenya.
Monday, October 19
TECH: Co. to Hire 50 Staffers in 2021
San Diego-based Voxox, a leader in the cloud communication services industry, has appointed seasoned tech entrepreneur Cleve Adams as its new chief executive.
INVESTMENT: $500K Available to Minority Cos.
San Diego-based investment firm, Founders First Capital Partners announced it has launched the San Diego Clydesdale Community Leaders Program with a $500,000 combined grant.
TECH: Fast Growing Co. Aims For $50M In Annual Revenue
Shipware, a company which specializes in shipping strategy and auditing, has weathered the coronavirus headwinds and anticipates steady growth over the next several years.
New System Lets Army Fly Aircraft Using a Laptop
General Atomics Aeronautical Systems Inc. has developed a way for its U.S. Army customer to operate one of its 2 ton unmanned aircraft using a ruggedized laptop computer.
TECH: Connects Life Science Companies with Over 300 vetted IT Providers
Together, Biocom and centrexIT created IT Deal Desk, a digital platform that provides life science companies with cost-effective IT solutions.
The city of San Diego is poised to designate a dining and shopping destination in Kearny Mesa as the Convoy Pan Asian Business Innovation District.
HEALTHCARE: Achievements Honored by the American Heart and Stroke Association
Sunday, October 18
ARCHITECTURE: Distinctive Design Makes Community Statement
TOURISM: Majority of Clients Plan Such Meetings in 2021
ARCHITECTURE: New Complex Uses an ‘Inverse Design Strategy’
Thursday, October 15
DEFENSE: U.S. Navy Calls the High-Altitude Unmanned Surveillance Aircraft 'Invaluable'
Northrop Grumman Corp. (NYSE: NOC) lifted the curtain on its high-altitude Triton unmanned aircraft program recently and offered a glimpse into several worlds.
Custom Content: Special-purpose acquisition companies are booming. For some CFOs, these public entities created to identify and acquire businesses offer an attractive alternative to a traditional IPO.
Click Here to Nominate Today: www.sdbj.com/2020LeadersinLaw/
Tide Rock Holdings was the Gold Sponsor for the San Diego Business Journal’s 12th annual event, and as Tide Rock’s CEO, Peddycord welcomed all to the ceremony.
Expect between 500 and 800 Vehicles Per Night
The San Diego Opera, which produces three grand operas per year during normal times, hasn’t played a revenue-producing concert since mid-March. That is about to change.
Annual Orchids & Onions Awards Given Out by Architectural Foundation
"Absolutely no redeeming value whatsoever.” So said 12 jurors in the San Diego Architectural Foundation’s annual Orchids & Onions 2020 presentations about a downtown apartment complex that received the Grand Onion as the stinker of the year for architectural projects.
An historic downtown San Diego commercial building has been sold with plans to renovate it in combination with an adjacent building to create an apartment and hotel project.
Wednesday, October 14
Co. Has More Than 30,000 Surgeons On Its Platform
San Diego-based Rightdevice, a company which claims to have created the first open-source platform for the medical device industry, is working to modernize the medical industry.
Unconventional Feel Starts Right Up Front in These Law Offices
Paul Batta wanted something unconventional when he and his partner, Dan Fulkerson, moved from downtown to new offices in Mission Hills.
The San Diego County Regional Airport Authority will host its annual “Meet the Primes” event virtually this year.
Tuesday, October 13
NUTRITION: $20M Company Projected to Reach $23M in Revenue in 2020
A local coffee company wants java drinkers to have their cake – or cup of joe – and eat it, too.
MANUFACTURING: ‘The Hangar’ Will Be the Fourth Tasting Room for the Winery
Carruth Cellars, the largest urban winery in San Diego County with three locations, is expanding.
Gray Eagle Is the U.S. Army’s Version of the Remotely Piloted Predator
The U.S. Army awarded General Atomics Aeronautical Systems Inc. of Poway a $131.6 million contract modification covering Gray Eagle aircraft.
Longfellow Real Estate Partners continues to gobble up San Diego office space with the latest purchase of a two-building office campus in Sorrento Mesa.
Stos Partners based in Encinitas has sold a Miramar industrial building for $7.5 million. The buyer of the 27,500 square-foot building at 8330 Arjons Drive was not disclosed.
Monday, October 12
BIOTECH: Co. Testing Its First Drug
San Diego-based biotech Escient Pharmaceuticals, has announced it has raised a $77.5 million Series B funding round and started their first clinical trial.
TECH: Collaborates With Major Contractors
Inertia Systems, a startup that provides a location-driven construction management platform to facilitate communication between teams, is collaborating in some of the largest construction projects helping shape San Diego’s skyline.
Program Will Conclude In Demo Day For Investors
Startup San Diego, a non-profit formed by a group of tech entrepreneurs, has spun off a month-long incubator program to run in conjunction with its 2020’s event “San Diego Startup Month.”
FINANCE: In Some Cases, Market Caps Almost Quadruple
Every year, the San Diego Business Journal compiles a list of public companies with headquarters in San Diego County. This year’s list seems to tell a story. Call it Rise of the Biotechs.
Local Executives Honored for Achievements in an Extraordinary Year
Sunday, October 11
MANUFACTURING: ‘The Hangar’ Will Be the Fourth Tasting Room for the Winery
TECH: Co. Has Processed 1 Million Payments Through its Platform
DEVELOPMENT: 1,800-Home Project to Have Five Separate Neighborhoods
Friday, October 9
HOSPITALITY: Event Promoting Over 300 Restaurants Runs Through Oct. 15
RESTAURANTS: Hillcrest Kitchen Will Be Followed by a Second in Del Mar
REDEVELOPMENT: Genessee Avenue Project to Target Life Sciences
Building Deals Go to Burch, Heffler, I.E.-Pacific, Vander Werff
REAL ESTATE: 34 Unit Park Place Project Leads Trend
Thursday, October 8
Hillcrest’s Eitol Pushes People Out of Their Comfort Zones
Developers don’t typically design buildings to stand out so boldly that they demand attention and even offend a few people.
DEFENSE: MQ-Next Program Also Attracts General Atomics Aeronautical
Northrop Grumman Corp., which runs its unmanned military aircraft programs in San Diego, has a new chance to be part of a significant U.S. Air Force program.
Unicorn Tech Co. Now Valued at $1.6B
Seismic Software Inc., which designs software for sales professionals, has raised $92M in Series F funding.
Wednesday, October 7
ENERGY: San Diego Business Makes Alternative Fuel in Imperial Valley
Suburban Propane has taken a 39% stake in Oberon Fuels, a San Diego business that produces low carbon transportation fuel at a manufacturing plant in the Imperial Valley.
Samwiches and Samburgers Will Be First Concepts at Seaport Village
Grain & Grit Collective, the Little Italy-based hospitality group, continues to break barriers in the local culinary world.
Micronoma has appointed Magda Marquet as chairman of the firm's board.
In his new post, Michael O'Donohue will be responsible for managing the overall team and operations, performance and strategic direction.
An Imperial Beach apartment complex has been sold for $2.6 million. The complex at 1193 Florence St. has 12 apartments.
Tuesday, October 6
ENTERTAINMENT: Teams With Production Co. to Host Events Through January
After postponing the 2020 San Diego County Fair in April and cancelling most of its 300-plus planned events for the year, the Del Mar Fairgrounds has pivoted to innovative ventures in order to generate revenue.
To view virtual event, click here: https://sdbj.com/2020_CEO_Awards/
BEVERAGE: San Diego-based Boochcraft, JuneShine and Local Roots See Growth
COVID-19 has changed consumers’ food and beverage purchasing and consumption habits, leading them to make healthier choices. Alcohol is no exception.
Program Has Helped Over 27 Companies in First Year
In March, San Diego Miramar College launched the REC Innovation Lab to bring an entrepreneurship curriculum to first-time entrepreneurs in the region.
San Diego has been named the 7th best large city in the United States by Conde Nast Traveler.
Monday, October 5
$8 Billion Deal to Close in 2021
Illumina Inc. (Nasdaq: ILMN), a leading maker of the machines that sequence genes, will pay $8 billion in cash and stock for San Francisco-based Grail, a developer of a blood test that promises to detect cancer early.
TECH: Buys 15% Stake in Co.
Cubic Corp. has a newfound suitor, but the $1.5 billion corporation — based in Kearny Mesa — doesn’t seem to be rushing into any sort of marriage.
STARTUP: Co. Helps Small Businesses Streamline Operations
San Diego-based Meallogix, an enterprise resource planning software company focused on the meal prep market, has closed $1.25 million for its oversubscribed seed round.
‘Grand Challenge’ Centered On Manufacturing Process
As he was building his biotechnology company, Debut Biotechnology CEO Joshua Britton drove for Uber to get money for legal fees and chemistry supplies. The gig had an advantage in that he could pitch the people riding in the passenger seat for funding.
Lesslie Keller, CEO at Episcopal Community Services, is retiring effective Dec. 31, 2020.
Karlo will retire after 47 years of working at KPBS, where he began as a student while attending SDSU in 1973.
Sunday, October 4
DEVELOPMENT: Manchester Pacific Gateway Property to Become Research District
A more than eight-acre chunk of the downtown San Diego waterfront property that had been part of the Manchester Pacific Gateway project will instead become a life science campus with an estimated price tag of about $1.5 billion.
TECH: Startup Raised $30M in Venture Capital Last Year
In San Diego, a local startup called Accel Robotics is one of a growing number of AI startups that is setting out to enable automated cashier-less stores around the globe.
The Burnham-Moores Center for Real Estate at the University of San Diego School of Business recently announced the appointment of Douglas Wilson, chairman and CEO of Douglas Wilson Companies as the newest member of its policy advisory board.
TECH: Historically, Rehearing Requests Rarely Granted
The U.S. Federal Trade Commission urged a U.S. appeals court to reconsider an Aug. 11 ruling that threw out antitrust claims against San Diego chipmaker Qualcomm Inc.
LODGING: Program Encourages Hotel Stays During Weeknights
With conventions and group meetings at a standstill due to COVID-19, the San Diego Tourism Authority is aiming to encourage vacationers to stay in San Diego hotels during the middle of the week.
Distribution of shelf stable products will continue to take place at regularly scheduled distribution centers through the fall and winter months.
Thursday, October 1
HOSPITALITY: Month-long Event Encourages Locals to Eat Out
Running Sept. 15 through Oct. 15, Dine Diego will take the place of San Diego Restaurant Week. Its goal is to encourage San Diegans to eat out and support participating restaurants in droves, and subsequently create work for servers, cooks, farmers, suppliers and other affected groups.
Co. Has More Than 50,000 Using Its Platform
Workiz, a field management startup which helps field service professionals manage their work more efficiently, is seeking to build its empire in San Diego.
Fried Chicken Chain Plans To Open 3 More Stores in Next 12 Months
An investment firm plans to commit the necessary capital for Crack Shack to open three more units in the next 12 months, preferably outside of California.
A Hillcrest mixed-use building with a restaurant on the ground floor has been sold for $2 million.
A 79,000-square-foot National City industrial building has been sold for $13.5 million.