Stories for July 2021
Friday, July 30
San Diego Banks Hit Record Q2 Income - Region's Firms See Both Loans and Deposits Grow
The San Diego Business Journal will honor young professionals — leaders, change makers and innovators — who are making waves, creating impact and leaving a positive mark on the San Diego community. We’re looking for the next generation of key executives and entrepreneurs.
Thursday, July 29
Air Canada suspended service in March 2020 due to COVID-19.
Innovative Product Releases to Help Increase Annual Sales
Sony Electronics Inc., the San Diego-based audio/video electronics and information technology products manufacturer, continues to increase its product line.
Co. Expects to Test Markets Next Year
BlueNalu, a food company producing seafood directly from fish cells, is among 28 semifinalists for the $15 million XPRIZE Feed the Next Billion, organizers of the competition announced.
Mission Federal Credit Union has signed a three-year sponsorship agreement with the San Diego Padres.
FINANCE: Group Attracts More Than $5 Million For Latest Annual Fund
The San Diego chapter of the Tech Coast Angels, the region’s largest network of investors in early-stage companies, has raised over $5 million for its annual fund surpassing last year’s amount of $4.7 million.
Wednesday, July 28
The Coromega Company Drops Pup Packets
The Coromega Company, Inc., the Vista-based maker of nutritional supplements, wants furry friends to get their nutriments, too.
Demand for Life Science Space Reaches Record Levels
Demand for life science space is reaching record levels as venture capital money pours into the region.
BIOTECH: Co. Working on Genetic Therapy for Hair Loss
Stemson Therapeutics, a biotech company working on a cure for hair loss, closed a $15 million Series A funding round on July 15.
Tuesday, July 27
First In-Person Event Hosted at Sotheby’s
Fashion Week San Diego (FWSD) is taking New York. The organization is marking its return to in-person events with “The Art and Beauty Behind Fashion,” to be hosted in New York City on July 24.
RETAIL: Both Expect Annual Revenues to Drastically Increase
Two San Diego companies have made it through Walmart’s Open Call.
Downtown Chula Vista Drawing Developer Interest
Downtown Chula Vista has gained a $14 million apartment project as the city’s drive to improve its core neighborhood is drawing developer interest.
Even with Some Buyer Fatigue, Prices Still Rising and Multiple Offers Commonplace
Buyer fatigue has hit San Diego’s real estate market as some people are taking a break after making offers on several homes to no avail, according to several real estate agents.
Monday, July 26
The delivery hub will also provide 20-30 new job opportunities for the local Chula Vista community.
PROPERTY: Health Food Supplement Co. Signs $25M Lease
A Carlsbad company that makes mushroom powder as a health food supplement is moving to a Vista industrial and office building, where it signed a $25 million lease.
Former Coronado Base C.O. Takes ‘Navy Mayor’ Post; Bolivar Retires
San Diego has a new “Navy mayor.” Rear Adm. Stephen D. Barnett relieved Rear Adm. Bette Bolivar as commander, Navy Region Southwest during a change of command ceremony on July 16 at Naval Base Coronado.
The San Diego Workforce Partnership along with help from the city of San Diego, is expanding three workforce training programs that help underrepresented communities secure quality jobs and help them start meaningful careers in both he public and private sector.
Sunday, July 25
BEVERAGES: Co. to Remain in San Diego
Suja Life, LLC, the Oceanside-based organic, cold-pressed juice company, has been sold.
BIOTECH: Funding Backs Cell Therapy
Wugen, Inc. raised $172 million in Series B funding to advance its pipeline of off-the-shelf cell therapies for cancer. The oversubscribed financing will also help the Missouri-based biotech grow its presence in San Diego.
STARTUPS: Third Consecutive Quarter of Record Investments
San Diego’s venture capital funding in the first half of 2021 shattered records as $2 billion was invested in the second quarter into fast-growing companies.
TECH: Co. Purchased for $110M Cash and Shares
Cellink, a multibillion-dollar unicorn startup in Sweden, has acquired San Diego-based Discover Echo for $110 million.
Co. Helps Investors, Lenders, Insurers Better Assess Climate Risk
FutureProof, a San Diego fintech startup focused on the financial risk of climate change, has raised a $3 million round of seed funding.
Friday, July 23
The annual event is scheduled to run from December 30, 2021, through January 2, 2022.
Thursday, July 22
Cybersecurity Firm to Provide Next-Generation Encryption
Ubiq Security Inc., a cybersecurity startup based in Carmel Valley, announced on July 14 that it received a Small Business Innovation Research (SBIR) grant from the U.S. Army’s Combat Capabilities Development Command.
Taking High Quality Seafood to Local Retailers
PureFish, founded in 2002 and headquartered in Bankers Hill, is taking its high-quality seafood to local retailers.
Wednesday, July 21
Pacific Biosciences will acquire San Diego-based Omniome in deal worth up to $800M
Dermtech (NASDAQ:DMTK) said it plans to expand into a new building in Del Mar Heights.
BIOTECH: Co. Gains Access to Cell Shuttle Technology
Poseida Therapeutics (Nasdaq: PSTX) announced a partnership with Bay-area start-up, Cellares Corporation to utilize its technology platform to accelerate cell manufacturing.
Normal Heights Project Draws Both Design Praise, Criticism
A Normal Heights apartment project has drawn praise and criticism for its distinctive design and appearance.
Weekend Bookings Beyond 2019 Numbers
R.A. Rauch and Associates, a San Diego-based hospitality company with three hotels in the county, is continuing to see business increase post COVID-19.
Tuesday, July 20
BIOTECH: Sarah Boyce Speaks About Completely Virtual IPO Process
The past year has changed everything about what it means for a biotech company to go public, according to Avidity Biosciences President and CEO Sarah Boyce.
REAL ESTATE: Co. Uses AI to Give Buyers More Details in Home Searches
A former San Diego aerospace engineer has formed a technology-based real estate company that uses artificial intelligence with a goal of revolutionizing the way people search for houses online.
Monday, July 19
The World Design Organization chose San Diego-Tijuana based on its “approach to human-centered design, its use of design as a vehicle for improved quality of life and commitment to cross-border collaboration,” according to the organization.
Surveying the Changing Business Landscape in San Diego
The COVID-19 pandemic has impacted every facet of life, including how businesses operate.
Endera, the San Diego-based all-electric commercial vehicle company is adding Joe Pritchard as a member of its board.
ARCHITECTURE: Planned With More Than Simply Taking Classes in Mind
When MiraCosta Community College set about building a $37.4 million chemistry and biotechnology building, the college wanted something more than a place for students to simply take classes and perform experiments.
KB Home to Build Mix of 203 Townhomes, Single Family
KB Home plans to build a Spring Valley development that will have 203 homes in a mix of townhomes and single-family homes.
Remotely Piloted MQ-9 Is Called ‘Reaper’ by Other Militaries
The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $79.4 million delivery order to a previously awarded indefinite-delivery, indefinite-quantity contract for the France MQ-9 Block 5 aircraft procurement program.
NONPROFIT: He Says It Is a Privilege to Serve Such a Reputable Organization
Dan Shea has been CEO of Feeding San Diego since November 2020, the county's leading hunger relief and food rescue organization. He served as interim CEO starting in July 2020.
Sunday, July 18
TRADE: 21st Century Border Crossing to Expand Capacity
A new port of entry at the U.S.-Mexico Border in Otay Mesa is scheduled to open in late 2024.
TECHNOLOGY: Business, Federal Lab Plan to Scale Experiment Dramatically
Little Italy-based Oberon Fuels has teamed up with Los Alamos National Laboratory to create a new way to distribute hydrogen fuel for the tanks of futuristic vehicles.
BIOTECH: Co. Joins Maker of Nature Made
Pharmavite, the maker of Nature Made vitamins and supplements, acquired local life science company Uqora Inc. to expand its offerings of women’s health products.
REAL ESTATE: Former Golf Course to Be Site
A $300 million housing development is planned for a former golf course in Carmel Valley.
TECHNOLOGY: Goal Is to Help Military Connect ‘Any Sensor With Any Shooter’
Northrop Grumman Corp. (NYSE: NOC) stood up a new division in San Diego this year, with a focus on advanced military radio communications.
Friday, July 16
Thursday, July 15
USS San Diego Pauses for Maintenance, Modernization and Repair
The U.S. Navy awarded BAE Systems San Diego Ship Repair a $90.3 million firm-fixed-price contract for shipyard work on the USS San Diego.
Nordson’s Expansive Plant Set to Produce Soldering Machines
Factory equipment maker Nordson Corp. (Nasdaq: NDSN) is moving certain operations from the Pacific Northwest to Carlsbad, a location where it already employs 600 people.
Wednesday, July 14
Financial terms of the transaction were not disclosed.
BIOTECH: Latest Example of San Diego Life Science Cos. Going Public
Ensysce Biosciences is the latest local company to join the public market after closing the merger deal on July 1. The company will be trading its common stock on the Nasdaq under the ticker symbol “ENSC” and warrants under the ticker symbol “ENSCW” on the OTC Market.
HEALTHCARE: Co. Plans to Expand Autism Care Model
Cortica, Inc. secured $60 million in Series C funding to expand its technology-centered care model for children with autism and neurodevelopmental differences.
The Wise Ox Launches in November in Carlsbad
Trust Restaurant Group, the Hillcrest-based hospitality group founded in 2016, is taking its butcher shop, food and beverage concept to North County.
Tuesday, July 13
FINANCE: Firm Raised $160M Oversubscribed Debut Fund
Seaside Equity Partners has emerged with its debut fund closing $160 million from investors, becoming one of San Diego’s largest private equity firms.
Awarded $10,000 to Continue to Scale the Co.
San Diego Bar, a locally headquartered company that manufactures all natural, raw, vegan and gluten free bars, was recently named the winner of the Samuel Adams “Brewing the American Dream” San Diego Pitch Room Competition.
Downtown Tower Construction Has Continued Unabated
San Diego’s appetite for luxury apartments is coming back as strong as ever, if it even waned during the COVID-19 pandemic.
Monday, July 12
All New Miller Hull Partnership Projects Aim to Be Carbon Neutral
The architectural firm of the Miller Hull Partnership based in Seattle with offices in San Diego said that all its projects from now on will aim at being carbon neutral, with a National City mixed-use project among the first.
The Scripps Mercy Family Medicine Residency Program will be receiving $2.85 million in grant funding from the Health Resources and Services Administration.
REAL ESTATE: Look and Feel of Center Upgraded with New Shops, Open Areas
A La Costa shopping mall has undergone a more than $10 million renovation as property owners upgrade the look and feel of the center with new shops and open areas for people to gather.
Pacific Highway Property Covers Full City Block
Kilroy Realty Corp. based in Los Angeles has acquired property in Little Italy for $42 million with plans to build an office tower on it.
The Rev. Joe Carroll, better known to San Diegans as Father Joe, died early in the morning of July 11 at age 80.
Sunday, July 11
UTILITIES: 2022 Forecast Is Bigger Still
Sempra Energy (NYSE: SRE) made several statements about its future when it held its investor day at the end of June.
BIOTECH: Co. Plans to Hire 40 More Employees
Element Biosciences, a company developing DNA sequencing technology, has raised $276 million in new financing from ten venture capital firms.
HEALTHCARE: Pact Benefits Kaiser’s 185,000 North County Members
Medical options for North County residents are changing with a new deal between Kaiser Permanente San Diego and Oceanside’s Tri-City Medical Center.
TOURISM: Event’s Economic Impact Expected to Be $8.5 Million
The San Diego Bay Wine + Food Festival, the annual food and wine event that draws just over 11,000 attendees, is returning to the Embarcadero. Founded in 2004, the festival was postponed last year due to COVID-19.
TECHNOLOGY: Co. May Pursue IPO
Seismic, a company which develops software for sales professionals, has surpassed $200 million in revenue and will consider going public over the next year.
Friday, July 9
Thursday, July 8
PCBC Awards Development Best Mixed Use Project
Kilroy Realty Corp.’s One Paseo development in Carmel Valley has won a top award from the Pacific Coast Builder’s Conference (PCBC) as the best mixed use project of the year.
HEALTHCARE: Business Fills Marketing, Revenue Cycle Management, Credentialing Jobs
Synergy Health Partners, an outsource physician staffing and call management company based in Carmel Mountain Ranch, announced the appointment of several new executives on June 29.
Strong Results Expected to Continue From Pent-Up Demand
With San Diego fully reopening its economy this past June 15, local hotels, one of the hardest hit sectors amid the pandemic, are in recovery mode as operators continue to aggressively target the leisure and drive markets.
Co. Lands 100th Customer, Growing Rate is 100%
San Diego-based Drata, which aims to help thousands of companies streamline their SOC 2 compliance, has raised $25 million in Series A funding.
The North San Diego Business Chamber elected a new board of directors for 2021-2022, announcing results on July 8. Stacey Hrountas, CEO of Sharp Rees-Stealy Medical Centers, will be taking the chair role.
Wednesday, July 7
Three-Day North County Expo to Kick Off July 16
The Belgian Waffle Ride, organized by Encinitas-headquartered Monuments of Cycling, is making a return to San Diego after a year off due to the coronavirus crisis.
Contractor Will Provide Support for Unmanned BAMS-D Aircraft
The U.S. Navy awarded Northrop Grumman Corp.’s San Diego office a $53.8 million cost-plus-fixed-fee contract supporting the RQ-4A Global Hawk Broad Area Maritime Surveillance - Demonstrator (BAMS-D) aircraft.
TECHNOLOGY: Edtech Co. Has 2,000 Universities Using its Products
San Diego-based CollegeSource, an education technology company, continue to grow its local presence and anticipates continued growth after surpassing 50 years in business.
BIOTECH: Co’s. Tech Is Based on the First Fatty Acid Discovered in 90 Years
San Diego-based Seraphina Therapeutics, a biotechnology company focused on health and wellness, has received generally recognized as safe status (GRAS) from the Food and Drug Administration for its FA15 essential fatty acid powder.
Tuesday, July 6
REAL ESTATE: Long Ignored Areas See Growth Trend
Silvergate Development based in Point Loma is building new apartment projects in Chula Vista as part of what’s becoming a growing push for development in the city’s west side that had long been ignored.
Aging Office Building Seeing Big Changes
An aging Torrey Pines office building is being completely redone for BioMed Realty into a life science mecca that turns the traditional work environment on its head.
LIFE SCIENCES: New Public Co. Sees Growth Potential in Local Biotech Community
There’s a new public company moving into San Diego’s biotech community — Quantum-Si Incorporated (NASDAQ: QSI) signed a lease to develop a 25,586-square-foot product development and operations facility in Sorrento Mesa.
Sentek Executive’s Side Project Aims to Build Up Workforce
To learn the ins and outs of cybersecurity, a person needs a place to build skills. Eric Basu hopes to supply that place with the Haiku Cyber Range.
Monday, July 5
The innovative nonprofit Cristo Rey San Diego High School recently completed its first year supporting low-income students.
Everytable To Open Three Grab-and-Go Stores by 2022
Everytable is bringing its affordable, made-from-scratch, nutritious food meal service to San Diego.
Startup Receives Early Stage Funding From Angel Investors
The Good Face Project, a San Diego-based startup has secured early-stage funding and has inked deals with major customers in the beauty industry.
HEALTHCARE: Clinic Designed to Accommodate New Modes of Care
Scripps Health opened a new 14,156-square-foot clinic in San Marcos. Scripps Coastal Medical Center San Marcos opened its doors to accommodate the area’s growing community and was designed during the pandemic to adapt with the changing healthcare landscape.
TECHNOLOGY: Will Oversee the Expansion of Fifth Generation (5G) Wireless Technology
Cristiano Amon took the job of president and chief executive officer of Qualcomm Inc. (Nasdaq: QCOM) on June 30. He will also take a seat on the board of directors.
Sunday, July 4
TECHNOLOLGY: Employee-Owned Firm Looks Ahead to Liquidity Event
Space Micro Inc., the business in Carmel Mountain Ranch that makes radiation hardened electronics for spacecraft, announced that its board has promoted David Czajkowski to CEO.
CONSTRUCTION: $81M Development Aims to Bring Vitality Back to Neighborhood
An $81 million affordable apartment project is going up in San Diego’s Mid-City neighborhood with an aim of bringing a new sense of vitality to the neighborhood.
STARTUP: Acquisition Boosts Endera’s Reach
Endera has created a steady flow of business manufacturing EV school buses, shuttle buses, and paratransit vehicles with plans to produce hundreds of thousands of vehicles in the near future.
REAL ESTATE: $420M Sale Signals Bright Future
The $420 million acquisition of four downtown office towers by Regent Properties of Los Angeles with plans to spend $60 million on renovations is seen as a sign that the city’s urban core will emerge from the pandemic as strong as ever.
SPORT: American Wave Machines and Partners Help Teams Train in Japan
American Wave Machines Inc. has finished its most advanced wave-generating pool yet in a town southwest of Tokyo, just in time for the Summer Olympics.
TOURISM: Total Economic Impact Is Expected to Reach $1 Billion This Year
The San Diego County Credit Union (SDCCU) Holiday Bowl has found a new home.
Friday, July 2
Taos Air offers private flights, with simplified check-in and reduced airport congestion, at the price of commercial airline tickets.
Pure Tacois located in Carlsbad Village and will open late July 2021.
Thursday, July 1
Winning Co. Uses App to Help LGBTQ Community
Startup San Diego, the largest entrepreneurship-focused nonprofit in the region, has selected a winner for its first annual university startup competition.