Stories for June 2021
Wednesday, June 30
BIOTECH: Co. Developing Drugs for Diabetes Patients
ViaCyte, a clinical stage biotech company, has raised $115 million in Series D financing, to bring forward two phase 2 studies of type 1 diabetes candidates.
Buyers Snapping Up San Diego Multi-Family Complexes
Real estate investors are pouring money into San Diego multi-family projects snapping up everything from raw land to build on to well established apartment complexes.
EDUCATION: Daniel F. Mulvihill Remembered for Early Support; Endowed Chair Created
The Burnham-Moores Center for Real Estate has announced that July 1 will mark the one-year anniversary of the establishment of the University of San Diego School of Business’ Real Estate Department.
Restarting on West Coast with Two Ships, Expanded Season
Holland America Line, the cruise line headquartered in Seattle, Washington, has announced its fall cruise 2021 plans out of the Port of San Diego.
This event recognizes our local industry leaders’ great achievements within their companies and in the community.
Tuesday, June 29
RESTAURANTS: Co. Has 130 More Stores Under Development
Everbowl, the Vista-headquartered superfood bowls and coffee chain, is expanding its footprint.
Part of Continuing Commitment to Cybersecurity Information
As part of its continuing commitment to informing and helping its readers understand the complexities of cybersecurity, the San Diego Business Journal is partnering with the Cyber Center of Excellence for a special cyber panel discussion that will be available to view on sdbj.com on July 26.
Sector Affects San Diego Like Nine Super Bowls or 23 Comic-Cons; Military Is a Key Driver
San Diego County’s cybersecurity cluster is an economic giant and a growth engine. It accounts for 24,349 jobs across 874 firms, and has a total economic impact of $3.5 billion annually, according to an economic study released late this month.
Information Technology Experts Recommend Several Steps for Better Cyber Hygiene
If San Diego business leaders hadn’t paid attention to cybersecurity before, they are paying attention now. “I think we’re finally getting to a point where everyone realizes cyber is everyone’s business,” said Lisa Easterly, president and CEO of San Diego’s Cyber Center of Excellence.
TECH: CollectiveSun Has $50 Million in Projects Across 20 States
A Normal Heights company that helps nonprofit agencies go solar has gone from an idea spawned over coffee a decade ago to a growing concern with more than $50 million in projects across 20 states.
HEALTHCARE: Mentors Encourage Youth Leaders to Pursue Career Ambitions, Reach Potential
North County young people are benefiting from a partnership between Tri-City Medical Center and the North San Diego NAACP.
Monday, June 28
REAL ESTATE: Headquarters for Red Door Now in Sherman Heights
The contrast could hardly be more dramatic as Red Door Interactive moves from swanky downtown offices in Diamond View Tower overlooking Petco Park to a “village within a village” in Sherman Heights.
TECH: Co.’s Platform Sources Thousands of Journalists
San Diego-based OnePitch, a technology startup developing earned media software for journalists and marketing communications professionals, is seeing growing adoption for its software during the global pandemic.
Will Honor 200 Black Men and Women Who Lost Their Lives
The San Diego African American Museum of Fine Art will be honoring the lives of 200 Black men and women lost due to racial injustice and systemic racism.
Bank of America has announced more than $700,000 in grants to 30 San Diego nonprofit organizations that they say will help drive economic opportunity and upward mobility for individuals and families.
Sunday, June 27
REAL ESTATE: Development to Have More Than 2,700 Homes
Construction is starting on a nearly $1.3 billion housing project by HomeFed Corp. of Carlsbad that covers 868 acres in Otay Ranch that will ultimately have more than 2,700 homes and more than 2,100 rental apartments.
Homes Still Selling Fast as Demand Remains Intense
San Diego County home prices continued to spiral ever higher in May but buyers got a small break as more houses came on the market, according to Zillow, an online listing and selling service, but demand remains intense.
TECH: Co. Has Major Universities Using its Technology
San Diego-based Occuspace, an IoT occupancy data solution provider, has seen significant growth from universities and businesses, such as restaurants, gyms, ski resorts and apartment communities, over the last year in part due to the pandemic.
TOURISM: Resort Gets Needed Approvals
The decade-long, $1.23 billion Chula Vista Bayfront project is one step closer to completion.
TECH: Co. Opening Innovation Hub
TigerGraph, a database and analytics company, will open a research and development center in San Diego that aims to employ more than 100 technology workers.
TOURISM: Weekend Numbers Predicted to Be Similar to 2018
Fourth of July weekend is expected to be a huge economic driver for San Diego this year as the city continues with recovery efforts post-COVID-19, experts believe.
Saturday, June 26
AT&T Inc. (NYSE: T) has awarded $150,000 to the Asian Business Association of San Diego as part of the corporation’s effort to support California’s Asian American and Pacific Islander community during a challenging time.
Friday, June 25
As superintendent/president, Rivera-Lacey will oversee a community college district encompassing 2,555 square miles in North San Diego County.
Thursday, June 24
Co. Purchased for $500M Cash and Stock
Ecwid, an Encinitas-based e-commerce technology firm which helps small business owners to set up online stores, is being acquired by Lightspeed for $500 million in cash and stock.
TECH: Cos. Will Work to Bring Tech to the Moon
A novel lunar charging station fueled by solar cells could power up future NASA moon missions through a new partnership between San Diego’s mPower Technology and Honeybee Robotics.
Wednesday, June 23
NONPROFIT: The n-Lorem Foundation Works with Cos. to Fund Free Personalized Treatments
Stanley T. Crooke, M.D., Ph.D. is using his years of experience at Ionis Pharmaceuticals to build something new — a nonprofit model for addressing ultra-rare diseases.
General Dynamics Unit to Modernize USS Pinckney Over Two Years
The U.S. Navy awarded General Dynamics NASSCO (NYSE: GD) a $98.7 million contract to modernize the USS Pinckney, an Arleigh Burke class destroyer.
Cormorant to Feature Restaurant and Views
Oceanic Marina LP, a private property management firm headquartered in Kearny Mesa, is launching a new boutique hotel and rooftop restaurant and bar in San Diego.
TOURISM: North County City Sees Large Crowds as COVID-19 Restrictions Ease
According to the City of Vista, its downtown area, replete with breweries, restaurants and shops, is poised for significant growth this summer. Foot traffic is already up from 2019, as per reports.
CONSTRUCTION: Project to Take Advantage of Location
A 1960s era Marine Conservation Center at the Scripps Institution of Oceanography at the University of California San Diego that had the look and appeal of a concrete bunker is getting a makeover in a $43 million project designed by Safdie Rabines Architects.
Tuesday, June 22
The San Diego Business Journal will publish a section dedicated to 50 female trailblazers over 50, highlighting their careers and accomplishments.
BEVERAGE: Co. Expected to Reach Close to $30 Million in Revenue in 2021
JuneShine, Inc. recently closed a celebrity-led Series A funding round, securing investments from a host of stars.
EDUCATION: Receives Donations Totaling $4.5 Million
San Diego State University’s Fowler College of Business has received $2.25 million with $1.5 million to support its first endowed chair and $750,000 for the university’s Corporate Governance Institute.
Sorento Mesa Development Will Have 10 Separate Neighborhoods
The first homes are scheduled to go on the market this summer in a Sorrento Mesa housing development that will ultimately include 1,800 homes.
MANUFACTURING: Technology Shows Potential During Pandemic’s Supply Chain Troubles
FormAlloy, which specializes in additive manufacturing in metal, has outgrown its 6,500 square feet of space in Spring Valley. The business has doubled in size each year, with its staff growing to more than 15, said co-founder and CEO Melanie Lang.
Monday, June 21
E-COMMERCE: Co. Targets Military Shoppers with Discounts
San Diego-based GovX, an e-commerce company that sells merchandise exclusively to U.S. military and first-responder communities, has seen record growth in 2020.
Firm Finds New Home in Historical Building
RDC, the architectural firm behind the redevelopment of Horton Plaza and the expansion of Del Mar Highlands Town Center, has moved its San Diego headquarters to an historical building in HIllcrest.
Two San Diego Restaurants Each Receive $25,000
Two San Diego food places have received $25,000 grants each from the California Restaurant Foundation in partnership with television personality Guy Fieri.
Blooma Has Major Customers Using its Platform
San Diego-based Blooma, a fintech startup which makes software to streamline underwriting for commercial real estate loans, has raised $15 million in a Series A round of venture capital funding.
The Hilton San Diego Bayfront hotel will be the scene of a unique fundraiser on July 17.
Sunday, June 20
General Atomics Serves Military; Viasat Eyes Worldwide Coverage
Two local satellite projects are getting closer to launch.
BIOTECH: Early-Stage Co. Expanding in San Diego
Onchilles Pharma, a preclinical biotechnology company developing novel cancer therapies, raised $7 million in Series A funding.
TECHNOLOGY:Walmart To Try Out Novel Engine
The day is coming when Californians won’t be able to buy new passenger cars with gasoline engines. Even so, leaders at Sorrento Valley-based Achates Power believe there will still be a need for fossil fuel engines.
MANUFACTURING: Revenue Surpasses $1B
In spite of the pandemic - or possibly as a result of - Bumble Bee Foods, LLC, had a banner year last year, according to the company.
FINANCE: Firms Expand Services to Remain Competitive
Private equity shops, alternative asset managers and other investment firms see growing opportunity in the local private equity scene.
REAL ESTATE: Pavilion Sale to Save Palomar Health $2M Annually
Palomar Health has sold the Pomerado Outpatient Pavilion in Poway in a complicated deal that the company said will save it more than $2 million annually in leasing costs.
Friday, June 18
Lehman was previously the executive director of the San Diego Gay Men's Chorus and the director of marketing and sales of the Phoenix Theater Cultural Center in Indianapolis.
SD office buildings refinanced with a $91 million loan arranged by CBRE.
Thursday, June 17
Alaska Airlines is the only airline to offer nonstop service between the two destinations.
TECHNOLOGY: Seeking Global Presence, ONI Chooses San Diego as New Headquarters, Plans to Hire
Oxford Nanoimaging (ONI), the maker of a desktop microscope that lets scientists see single cells at the molecular level, has moved its headquarters from Oxford, England to the University Towne Center.
San Diego’s Southern Region Builds Momentum Off of Coastal Location and Proximity to U.S.-Mexico Border
Location is everything when it comes to understanding what is fueling jobs and long-term growth for the South County.
Advertising, Fashion, Surfing Cos. Optimistic
WowYow, a North Park-based visual artificial intelligence company, has received investment from Launch Factory and Andy Ballester, the co-founder of GoFundMe.
Wednesday, June 16
HOSPITALITY: The Reading Club Will Open in September at the InterContinental
Consortium Holdings, better known as the restaurant and bar group CH Projects, will soon premiere its most innovative project yet.
Revenue Up from $1.1M in 2017 to $14.5M in 2020
Plant Power Fast Food, the Escondido-based vegan fast food chain with eight locations, plans to nearly double its number of stores as well as its revenue by 2022.
Tuesday, June 15
FINANCE: Firm Closes $49M Deal; Surpasses $100M in Revenues
Mitek Systems, which makes software geared to mobile image capture and identity verification, has acquired startup ID R&D in a $49 million deal.
REDEVELOPMENT: Transformation of 133-year-old Structure Especially Challenging
Transforming a 133-year-old building in downtown Oceanside to a trendy boutique hotel has proven especially challenging.
TECH: Co. Builds Portable Lab Technology
Liquid Instruments, a local company and maker of an 8-in-1 scientific measurement device geared towards students and engineers, has raised a $13.7 million Series B round in venture capital funding.
HOSPITALITY: New Look Gives UTC Hotel More Contemporary Feel
The Hyatt Regency La Jolla at Aventine in UTC has a whole new look, courtesy of a $10 million renovation recently completed that is meant to give it a more contemporary feel inside and out.
Monday, June 14
The Lawrence Family Jewish Community Center Jacobs Family Campus has received a $5 million donation from Joan and Irwin Jacobs.
TRANSPORTATION: Cross Border Xpress Request Approved
Cross Border Xpress (CBX) recently received approval from the City of San Diego’s Planning Commission to convert city streets within the 64-acres satellite airport terminal to private streets.
Co. Raises $3.4M From Investors in Seed Round
San Diego-based Daasity, an analytics and data platform for e-commerce brands, has raised a $3.4 million seed round.
Ethical Line to be Available Nationwide This Summer
Dr. Bronner’s, the Vista-based natural soap maker, is trying its hand at sweet confections.
Sunday, June 13
TOURISM: Approximately 70 Events Scheduled Through June 2022
The San Diego Convention Center Corporation, which halted meetings and conferences last March due to the COVID-19 pandemic, is readying to reopen.
Contractor Will Operate MQ-9s for the U.S. Marine Corps Under $11 Million Deal
The U.S. government and Poway-based General Atomics Aeronautical Systems Inc. recently announced two deals related to its MQ-9 remotely piloted aircraft.
BIOTECH: Co. Adds New Leadership; Sees Potential IPO
San Diego-based BioTheryX, a clinical stage biotech focused on protein modulation to treat difficult diseases, has raised a $92 million Series E round.
CYBERSECURITY: Effort Educates Businesses
The city government of Carlsbad is offering a new and timely service to small businesses within its city limits: a program that will help businesses brush up on their cyber hygiene.
DEFENSE: Funds Spur 25% of S.D. Economy
San Diego defense contractors as well as the broader regional economy stand to benefit under a U.S. Department of Defense (DoD) budget proposal made public just before Memorial Day weekend.
LEADERSHIP: Pfeiler Is First Woman to Hold Industry Group's Top Spot
San Diego’s Building Industry Association – a lobbying and trade organization for the construction industry – went in a new direction in choosing Lori Holt Pfeiler as its next CEO.
Friday, June 11
City National Bank has donated $10,000 to Operation HOPE-North County in Vista.
Located at the M.L. King Promenade at the New Children’s Museum Park, the memorial features 200 photos of Black victims whose lives were lost due to racial injustice.
Thursday, June 10
The All-Star Festival Orchestra will feature five concerts featuring members from prestigious orchestras and works ranging from Mozart to Beethoven to J Haydn.
Annual Fireworks Show Generates $10.1M in Incremental Business
After a hiatus last year due to COVID-19, the Port of San Diego’s Big Bay Boom fireworks show will mark its return to the San Diego waterfront this year.
Local Team Will Compete in Global Competition
A four-student team of entrepreneurs-in-the-making competed at a local pitch competition in San Diego to decide who has the best business plan.
Winning Co. Helps Aspiring College Students
Connect All @ the Jacobs Center, a diversity-focused incubator in Southeast San Diego, has selected three winners for its fourth annual startup competition.
Wednesday, June 9
Area Still One of the Most Desirable Places to Live
The migration of people moving from urban centers to the suburbs as a result of the pandemic never happened in San Diego, according to a report from Newmark, a commercial real estate brokerage and research firm.
BIOTECH: Co. Moves from Stealth Mode, Product Enters Select Veterinary Hospitals
San Diego’s Petco and PetDx, a local biotechnology startup are working together on a collaboration to offer multi-cancer detection tests for dogs across the country.
Citadel Defense has secured a new headquarters in San Diego.
Tuesday, June 8
Tickets for the next two home games, to be held June 20 and June 26, 2021, are now on sale at sdlegion.com/tickets.
Lightspeed POS Inc., has acquired a local startup to beef up its e-commerce offerings.
Spring 2021 CSUSM Business Confidence Index
Students at the College of Business Administration at Cal State San Marcos have begun monitoring San Diego’s biotechnology sector — an area that has weathered the storm of COVID-19 well.
Spring 2021 CSUSM Business Confidence Index
Tourism and hospitality is on the rebound, but it may take up to two years to achieve pre-COVID levels. That’s the view of 93% of people who responded to a recent survey.
Spring 2021 CSUSM Business Confidence Index
San Diego County’s craft brewing community is feeling confident about the future, according to a just-released survey conducted by the College of Business Administration at Cal State University San Marcos.
Cal State San Marcos Project Takes Stock of the Economy for Remainder of the Year
Business leaders in San Diego County feel the economy is poised to turn around after the COVID-19 pandemic, with slightly more than one-third forecasting that it will happen in the next six to 12 months.
AGRICULTURE: Girl & Dug Farm, Lucky Growers Expects 15% Revenue Growth in 2021
Aaron Choi’s farm operation is not your typical farming business. Located in San Marcos and at just under 60 acres, Lucky Growers grows mostly Asian veggies.
ACCOUNTING: Firm is One Of 10 Largest Nationally
Baker Tilly US, one of the largest accounting firms in the country with a presence in San Diego, has appointed Thomas Bennett as managing partner for the firm’s Orange County and San Diego markets.
Monday, June 7
The nearly 125,000-square-foot warehouse features will create further job opportunities in San Diego County.
DEVELOPMENT: Oceanside’s El Corazon Area Surges with Activity
A key piece in the development of the 465-acre El Corazon section of Oceanside will fall into place this month when Sudberry Properties and the San Diego Sockers start construction of a $40 million arena that will be the home of the soccer team.
U.S. Army Buys Gear to Test for COVID-19; Solute Gets Information Technology Work
The U.S. Army awarded Hologic Inc. (Nasdaq: HOLX) a three-year, $178.5 million contract for Panther Fusion SARS-CoV-2 assays, Aptima SARS-CoV-2 assays, multiplex test kits and associated reagents and consumables.
Little Italy-Based Restaurant Co. to Open Fourth Location by End of Year
The Busalacchi Group, founded in 2008 and with three food places in Little Italy these days, is planning to expand.
June looks like it is going to be a month of excitement as many businesses and organizations are planning to bring back in person work and events.
Sunday, June 6
CONSTRUCTION: COVID-19 Delays Final Piece of $120M Center Expansion
A $120 million expansion of the Del Mar Highlands Town Center shopping center in Carmel Valley is wrapping up with the completion of Sky Deck, a 26,700 square foot dining center that will include eight restaurants, three breweries and an open-air cocktail lounge.
Home Bay Technologies Gives Sellers Cash
A real estate company based in Rancho Santa Fe - Home Bay Technologies - has come up with a new wrinkle for buying and selling homes that the company says takes the stress out of home buying.
CONSTRUCTION: Grand Opening Scheduled for June 17
A $9 million upgrade to the Santee Lakes Recreation Preserve has been finished, including construction of a new administration building, fishing dock, expanded general store and picnic area.
TECH: Co. Helps Brands Manage Risk
ComplianceMetrix (CMX), a San Diego-based enterprise quality management software maker, has raised $50 million in Series A funding.
MANUFACTURING: Co. Poised for Growth
Carlsbad-based TaylorMade Golf Company Inc. is being sold to Centroid Investment Partners, a Seoul, Korea, based private equity firm.
ECONOMY: Bid for World Design Capital Designation Accepted
The bid by the Design Forward Alliance on behalf of the University of California San Diego’s The Design Lab for the World Design Capital designation has been accepted by the World Design Organization.
Friday, June 4
Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS) announced on June 3 that it has named its longtime CFO, Deanna Hom Lund, to its board of directors.
The route will add a second daily flight beginning June 27.
Thursday, June 3
Register Today - this event recognizes our local industry leaders’ great achievements within their companies and in the community. Awards recipients will be announced during the event.
TECHNOLOGY: Yan Hui Fine-Tunes Networks, Sees Growth With Airhop
As a boy, Yan Hui took a liking to radio. AM, FM and ham radio had a certain allure.
Founder of The RakiRaki Ramen and The Yasai Adds His Own Spin on Japanese Recipes
Before opening the first The RakiRaki Ramen restaurant in Kearny Mesa in 2011, Junya Watanabe was a fashion designer.
RETAIL: Josephine Lee Makes Her Mark In the Dance World as a Pointe Shoe Fitter
For Josephine Lee, her first business was born out of tough times and her newest venture is no different.
Wednesday, June 2
EDUCATION: Alexander Allione Receives Award Given in Memory of Daniel Woodruff
The Burnham-Moores Center for Real Estate at the University of San Diego School of Business presented Alexander Allione with the Daniel B. Woodruff Memorial Scholarship in April.
85% of Buildings Already Leased
Three Torrey Pines office buildings have been transformed into a campus for life science companies in a $100 million renovation project that was just completed.
TECHNOLOGY: Will Oversee Defense and Fixed Broadband
Viasat Inc. (Nasdaq: VSAT) has promoted two executives to positions within the company’s leadership team.
EDUCATION: Real-World Skills Needed to Maximize an Opportunity on New Alderaan
A team of five Master of Science in Real Estate (MSRE) students from the University of San Diego School of Business made a very strong showing in the 2021 ARGUS University Challenge.
Tuesday, June 1
The Lego Movie World is based on the films “The Lego Movie” and “The Lego Movie 2: The Second Part”.
REAL ESTATE: Opened Carlsbad’s Q-Homes in 2019
Lily Quan wanted to be a doctor, worked as a flight attendant for American Airlines and in 2019 opened Q Homes in Carlsbad real estate agency with her husband.
As Pandemic Concern Ends, Area Expected to Turn Corner
New leases have been signed in two prominent downtown office buildings, the newly renovated Paladion at the edge of the Gaslamp District and DiamondView Tower overlooking Petco Park.