Stories for May 2021

Monday, May 31

New SeaWorld Park President Focusing on Reopening

TOURISM: John Dunlap to Add Activations, Enhance Guest Experiences

Earlier this month, SeaWorld Entertainment Inc. named John Dunlap as park president of SeaWorld & Aquatica San Diego.

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School Testing

SDBJ Insider

San Diego’s Pharmatech Laboratory and Diagnostics, Inc. announced last week that with many public schools returning to in-classroom learning, it was piloting a COVID-19 testing program with the Jamul-Dulzura Union School District.

San Diego Credit Unions See Record Numbers in Deposits

Area Firms Grow Assets and Memberships

Many credit unions based in San Diego experienced a record surge in lending and uptick in membership in the last quarter of 2020.

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Female Founder Finds Success in Hydration

TECH: Device Applications Include Sports, Medical

Four years ago, Debbie Chen founded Hydrostasis to solve the problem around hydration monitoring.

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77 Area Restaurants Awarded Grants

Jasmine Seafood Restaurant, StreetCar Merchants Among Grantees

Seventy-seven single unit restaurants in San Diego County have been awarded grants up to $3,500 as part of California Restaurant Foundation’s Restaurants Care Resilience Fund.

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Local Cos. Win Craft Beer Awards

White Labs Brewing Co., AleSmith Among Winners

Numerous San Diego-based companies won 2021 Craft Beer Marketing Awards.

Pharma Co. Receives Funds, Prepares for Scale

Technology Helps Drug Makers Save Money and Time

San Diego-based Nano PharmaSolutions, a nanodrug delivery technology startup, has received a $149,000 investment from the Realize Impact’s Mission Driven Finance fund.

North Park Apartment Building Sold

$4.2 million sale

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Sunday, May 30

NAVWAR Site Could Become Mini-City

REAL ESTATE: Preferred Development Plan Benefits Navy and Community

The sprawling 70.5-acre collection of World War II-era airplane hangars along Interstate 5 in Old Town would be transformed into a mini-city of sorts with a population of more than 14,000 under a preferred development plan advanced by the Navy.

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Canadian Firm to Buy D&Y

FINANCE: Need Seen for Wealth Management

Dowling & Yahnke, the privately held San Diego wealth management firm, has agreed to be acquired by a publicly traded Canadian counterpart, CI Financial (NYSE: CIXX).

Cruises May Resume as Early as Fall

TOURISM: Over 450 Crew Members Vaccinated in San Diego

In April, the Centers for Disease Control and Prevention (CDC) placed a conditional sail order that required a number of steps be taken before cruise ships could start sailing again.

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BAE to Support Missile Launch Systems

Contract Could Grow to $165M; Part of the Work Will Go to San Diego

The U.S. Navy awarded BAE Systems a contract for work as the design agent for the mechanical portion of the Mk 41 vertical launch system.

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Target Store to Be Part of $145M Project

DEVELOPMENT: 22-Story Downtown Tower Will Include 241 Apartments

Cisterra Development will start construction this summer of a $145 million downtown project that will include a Target department store in the historic Farkas Store Fixtures Building.

Tide Rock Raises Over $100M+

FINANCE: Largest Since Firm’s Founding

Tide Rock Holdings, an Encinitas-based holding company, has raised over $100 million in capital to acquire additional business-to-business companies.

Friday, May 28

Celebrating Asian and Pacific Islander Entrepreneurs - Week V

SDBJ is collaborating with the Asian Business Association San Diego throughout Asian American and Pacific Islander Heritage Month

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Pacific Beach Retail Building Sold

$2.4 million sale

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Thursday, May 27

Celebrating Asian and Pacific Islander Entrepreneurs - Week IV

SDBJ is collaborating with the Asian Business Association San Diego throughout Asian American and Pacific Islander Heritage Month

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Special Report: Commercial Real Estate

The Time is Now for South County - Region Seen as the Most Exciting and Promising Area for Growth

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Local Performing Artist Builds a Beacon of Hope

ARTS: Anjanette Maraya-Ramey Combines Art and Business Experience to Inspire Others

Anjanette Maraya-Ramey said she “escaped death twice” and the pandemic was yet another test of survival for her new business.

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Growing Strawberries and a Family Business with Each Generation

AGRICULTURE: Carlsbad’s Jimmy Ukegawa Reinvents His Farm Business

Jimmy Ukegawa jokes that he’s a farmer turned gardener — what was once a couple thousand acres of farmland off Canon Road has shrunk to a 25-acre family business.

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Connect Selects 32 ‘Cool Companies’

Co. Has Developed Relationships With Over 400 VC Firms

A new group of “Cool Companies” in San Diego were selected by Connect with San Diego Venture Group to pitch to venture firms across the country.

Resources to Help Grow, Support and Sell Your Business

By Matt Hansen, CFP®, CEPA®, Financial Advisor at UBS Wealth Management USA

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Santee Industrial Building Sold

$2 million sale

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Hillcrest Building Sold

$5.6 million sale

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Cathedral Catholic Welcomes First Female Principal

The Diocese of San Diego has named the first female principal in the 65-year history of Cathedral Catholic High School: Marlena Conroy.

Event Recap - Healthcare Heroes Awards 2021

This event recognizes the great achievements of San Diego’s healthcare providers throughout the pandemic, within their companies and in the community.

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Women of Influence in Architecture 2021

Click Here to see the Full Special Section.

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Wednesday, May 26

Cymbiotika Launches Rya Organics CBD Brand

MANUFACTURING: Co. Projected to Reach $20M in 2021

Cymbiotika LLC, the innovative wellness brand that relocated from Atlanta, Georgia, to Sorrento Valley last year, has launched its own brand of CBD wellness products.

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Boundless Bio Raises $105 Million Series B Financing

BIOTECH: Co. Targets DNA Circles, Plans to Enter the Clinic by 2023

Boundless Bio, has raised $105 Million in Series B financing to continue developing small-molecule therapies that target unusual DNA circles found in cancer called extrachromosomal DNA (ecDNA).

Flux Power Revenue Grows $1.9 Million

Year-Over-Year Sales Increase Over 11 Consecutive Quarters

Flux Power (Nasdaq: FLUX), a producer of lithium-ion batteries for electrically powered forklifts and other small industrial vehicles, reported record quarterly revenue that was just shy of $7 million.

Former Newspaper Building Up for Sale

Landmark Located in Area of Oceanside Going Through a Renaissance

The former North County Times building – a landmark and anchor in Oceanside’s South Oceanside neighborhood – has been put up for sale.

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Baker Tilly Taps New Managing Partner

Baker Tilly LLP has appointed a new managing partner to lead the firm’s Orange County and San Diego markets.

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Sunrise Management Expands Portfolio

Four new projects

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Home tours resume

Restrictions eased

El Cajon Apartment Complex Sold

$4.3 million sale

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Register Today - SDBJ's Healthcare Heroes Awards 2021

Click Here to Register Today!

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Big Bay Boom Fireworks Show Returns

The event will take place at 9 p.m. on Sunday, July 4 over San Diego Bay, with fireworks discharged from four barges.

Tuesday, May 25

Dr. Allen Chan Serves the Community

RESTAURANTS: Jasmine Seafood Restaurant Founder Feeds and Fundraises

When Dr. Allen Chan opened Jasmine Seafood Restaurant in 1994, the initial drive for the then practicing chiropractor was simply his longtime desire to one day own and operate a food place.

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Tracing His Roots and Moving People

MANUFACTURING: Apparel Maker Finds Himself in a Position to Help

For Tony Olaes, reconnecting with his family’s home country was a pivotal and life-changing experience.

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Designing a Different Path

ARCHITECTURE: Naveen Waney Was Always Interested in ‘How the Pieces Fit Together’

Naveen Waney’s parents expected him to go into the garment business. Instead, Waney became an architect.

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Luxury Housing Market Up and Down

Above $3M Homes See Slight Slowdown as Owners Sit Tight

Demand for so-called luxury homes is San Diego County is both rising and slowing, depending on which end of the market you’re looking at.

Monday, May 24

Pledging Diversity

SDBJ Insider

The San Diego County Bar Association has launched its 2021 Diversity Pledge to increase the number of diverse attorneys in management and leadership positions in legal organizations in the region.

Medical Device Co. Moves to Solana Beach

TECH: Firm Hires 15 Staffers, Plans to Add 15 More

ClearPoint Neuro, a publicly-traded medical device company focused on neurosurgery, has relocated their headquarters to Solana Beach from Orange County and plans to hire aggressively in the region.

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Village Up San Diego Creates Transparency

Organization Highlights Areas of Improvement in Diversity

Julius Alejandro, founder and project director at Village Up San Diego, has a passion for helping underrepresented people gain access to quality education and career paths.

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San Diego Ranks as Top Tourism Hotspot

With Outdoor Options In Demand, Area a Draw Again for Travelers

San Diego continues to be a top tourism destination, even post-pandemic, according to various recently-released travel lists.

New Venue Named The Rady Shell

Bayside Surroundings Named Jacobs Park

The San Diego Symphony, founded in 1910 and the oldest symphony in all of California, has reached some notable milestones recently.

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Seventy-Seven San Diego Restaurants Awarded Grants

Local recipients include Doggos Gus, Petite Madeline Bakery and Nomad Donuts, which join 318 restaurant owners and fellow grant recipients from across California.

Juno Diagnostics Raises $25M Series A

Juno Diagnostics has raised a $25 million Series A round.

North Park Apartment Building Sold

$19 million sale

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Sunday, May 23

EV Scene Accelerating in San Diego

TECH: Infrastructure, Talent, and Competition Driving Growth

The State of California has agreed to a deal with San Diego-based Beam Global (Nasdaq: BEEM) to install and operate 52 solar-powered charging stations.

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Execs Recount Employee Ownership Journey

FINANCE: Structure Is a Motivator, Offers Several Other Advantages

Executives from San Diego companies that recently made the jump to employee ownership recently joined other experts to offer their thoughts on what can be a complicated topic.

Petco Park Returns to Full Capacity on June 17

Petco Park will officially reopen Thursday, June 17, when the Padres play against the Cincinnati Reds.

Guild Acquires Northeast Firm

FINANCE: $196.7M Purchase Strategic for Co.

San Diego-based mortgage company Guild Holdings (NYSE: GHLD), has signed a definitive merger agreement under which Guild will acquire Residential Mortgage Services Holdings, Inc. (RMS).

New CEO for SeaWorld

TOURISM: Focusing on Recovery, Growth

On the same day SeaWorld Entertainment Inc. reported its first quarter 2021 results, it announced the promotion of Marc Swanson from interim CEO to permanent CEO.

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Pier Replacement Contract Worth $101M

Manson Construction Receives Work at 32nd Street Naval Station

The U.S. Navy awarded Seattle-based Manson Construction Co. a $101.4 million task order for the replacement of Pier 6 at Naval Base San Diego.

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Normal Heights Apartments Sold

$3.3 million sale

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Crown Point Apartments Sold

$6.3 million sale

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Cordial Names Chief Revenue Officer

Cordial has named its first ever chief revenue officer, Rachel Bergman. She will be responsible for the sales and client experience functions of the company.

Vista Apartment Complex Sold

$2.25 million sale

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Jack in the Box Names New Vice President of Investor Relations

Brandon joins Jack in the Box from Domino’s Pizza, where he worked for 14 years.

The Time is Now for South County

Region Seen as the Most Exciting and Promising Area for Growth

South County’s time has come, according to economists and real estate professionals.

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Friday, May 21

Celebrating Asian and Pacific Islander Entrepreneurs - Week IV

SDBJ is collaborating with the Asian Business Association San Diego throughout Asian American and Pacific Islander Heritage Month

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Special Report: Commercial Real Estate

The Time is Now for South County - Region Seen as the Most Exciting and Promising Area for Growth

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Women of Influence in Architecture 2021

Click Here to see the Full Special Section.

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Thursday, May 20

Celebrating Asian and Pacific Islander Entrepreneurs - Week III

SDBJ is collaborating with the Asian Business Association San Diego throughout Asian American and Pacific Islander Heritage Month

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Yi Chao's Journey Started With a $500 Loan

TECH: Seatrec at Forefront of Area Blue Technology Cluster

Yi Chao came to the United States in 1985 when he was 21-years-old with $500 of borrowed money in his pocket and a scholarship to graduate school at Princeton University.

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Student Startup Wins $25K at USD’s Pitch Competition

INNOVATION: Co. Uses Virtual App to Help People Manage Hair Loss

The University of San Diego (USD) held its ninth annual V2 Pitch Competition last week, allowing teams of students to compete for seed funding for their social enterprise projects.

Healthcare Roundtable

An Informative Q&A with SD's Top Behavioral Health Professionals

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Chocolatier Helps Feed Food Insecure

Co. Donates to Feeding San Diego, Two Other Organizations

Chuao Chocolatier, founded in 2002, aims to spread joy one cacao nib at a time. Its tagline is “to share joy with the world through delicious, engaging chocolate experiences”.

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844 Homes to Be Built in Fallbrook

Expansive Development to Include Citrus and Avocado Groves

Tri Pointe Homes (NYSE: TPH) is building an expansive housing development in Fallbrook - Citro - with 844 homes in a mix of single-family homes, townhomes and duplexes on a 390-acre site.

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Mainly Mozart Announces 33rd Annual All-Star Orchestra Festival

The event is the largest gathering of concertmasters and principal players in North America, according to the organization.

Lincoln Park Apartments Sold

$2.3 million sale

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Carlsbad Industrial Building Sold

$7.5 million sale

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Kearny Mesa Shopping Center Sold

$16.2 million sale

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Escient Names New President

Escient Pharmaceuticals names new president.

Wednesday, May 19

Accel Robotics to Open 10 Autonomous Stores

RETAIL: East Village, UC San Diego, Others, Launching Valet Markets

Since being founded in 2015, Accel Robotics Corporation, a Kearny Mesa-based retail technology company, has successfully deployed its camera-based artificial intelligence system via existing and emerging stores throughout the country.

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Wake Up, Make Ramen, Repeat

RESTAURANTS: Takashi Endo Goes to Great Lengths to Make Fresh Ramen at Menya Ultra

Every morning, Takashi Endo starts his day no later than 4 a.m. to make homemade ramen noodles. Sometimes he gets to the kitchen at 2 a.m.

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THE PRIVATE COMPANY GUIDE TO EFFECTIVE INTERNAL CONTROLS

Explore the potential benefits your company can derive from risk assessment, effective internal control design, and regular monitoring

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Advising and Elevating Prestige Brands

MEDIA: Joon S. Han Strategizes How to Bring Businesses into New Media

Joon S. Han has made his career out of advising businesses and sharing his insight with others. His newest venture, Trifecta New Media Group, launched this year with a goal of advising established brands on how to enter into new platforms from social media to podcasting.

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GA Device to Support Carrier Operations

Contractor Will Supply Components for Advanced Arresting Gear

The U.S. Navy awarded General Atomics a $36.4 million contract that includes specialized components for an aircraft recovery system on the new, Gerald R. Ford-class aircraft carriers.

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Vivian Lin Named President of San Diego Strike Force

Lin also serves as director of corporate partnerships and co-chair of programming for the Asian American Journalist Association Sports Task Force.

Tuesday, May 18

Man Behind Otay Ranch Built First San Diego Project in 1973

LEADERSHIP: Prolific Homebuilder Al Baldwin Named a Chula Vista Community Champion

A long-time friend of Al Baldwin described the developer as “a man’s man” and “an all-around guy.”

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Sandwich Shop a Crossroads of Cultures Since 1974

RESTAURANTS: Garlic Rolls and Sourdough Bread Meet Southeast Asian Influences

Framed by an aluminum door frame, Angela Lopez serves customers from a table blocking the doorway of Sandwich Emporium in Bay Park.

Founder Shares Family’s Herbal Formulas

MANUFACTURING: JBK Wellness Labs Formulates Products for Other Brands

JBK Wellness Labs, a formulator and manufacturer of traditional East Asian herbs and medicines, is rooted in family tradition.

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Ramer Takes Lead at Rick Engineering

COO Becomes President of Company Founded in 1955

Rick Engineering, based in Mission Valley, has a new president – Kai Ramer.

Little Italy Apartment Building Sold

$43.5 million deal

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Pacific Beach Apartment Complex Sold

$4.7 million sale

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Sorrento Mesa Industrial Building Sold

$13.8 million sale

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MG Properties Buys Arizona Apartments

480 apartments

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Oceanside Retail Center Sold

$2.1 million deal

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Monday, May 17

Jack in the Box Names New Chief Operating Officer

Darden’s first day on the job is planned for June 7, 2021.

San Diego Regional EDC: Turning the Pandemic Corner

Surveying the Changing Business Landscape in San Diego

The COVID-19 pandemic has impacted every facet of life, including how businesses operate.

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Accreditation

SDBJ Insider

Congratulations to California State University San Marcos and its College of Business Administration on recently receiving accreditation from the Association to Advance Collegiate Schools of Business (AACSB).

Sempra Q1 Earnings Grow $114 Million

ENERGY: Corporation Will Delay Decision on Texas LNG Plant to 2022

Sempra Energy (NYSE: SRE) grew its earnings by $114 million to $874 million during the first quarter of 2021.

Spark Growth Invests Locally

Firm’s Mission Is to Bring Transparency and Engagement

A local technology investor has founded a new venture capital firm and is leveraging a community-driven “fundless” model.

Comma.ai Expands San Diego Presence

TECH: Co. Aims to Hire Engineering and Tech Talent

Comma.ai, a company developing self-driving technology for existing vehicles, continues to grow its San Diego presence and is seeking to hire more engineers to support its growth.

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Nextbite Sees S.D. as a Top Market

George Lopez Tacos Latest Virtual Concept Launched

Nextbite will bring virtual concept George Lopez Tacos, in partnership with the comedian/actor of the same name, to the city on June 8.

Sunday, May 16

Cubic Moves to New Kearny Mesa Headquarters

CONSTRUCTION: $100M Project Consolidates Local Operations

Cubic Corp. has moved into new corporate headquarters in Kearny Mesa, a $100 million project developed by Cisterra Development and designed by Ware Malcomb.

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LogicBoost Labs Provides Capital, Guidance

FINANCE: Firm Becomes San Diego’s Latest Startup Accelerator

LogicBoost Labs, a new startup accelerator in San Diego has been busy throughout the pandemic and aims to invest fresh capital into local startups.

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San Diego Air Travel Is Up

TOURISM: Increased 671% Over 2020

On May 9, the San Diego International Airport hit a new COVID-era high as 24,240 passengers were screened through the Transportation Security Administration (TSA) checkpoint.

Asian Businesses Generate $4B

CIVIC: API Group Formed to Advise City

Asian-owned businesses in San Diego County generate more than $4 billion in gross sales annually, according to a report by the Asian Americans Advancing Justice and the Union of Pan Asian Communities.

Bennett Peji Puts Community Before Self

NONPROFIT: Leader Advocates for Diversity in San Diego

Bennett Peji, has had a career-long focus on innovative design solutions, strategic brand marketing, and sustainable community engagement.

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Vista Community Clinic Offers TOOTRiS as Employee Benefit

Vista Community Clinic has chosen San Diego-based TOOTRiS to provide real-time child care services for its employees.

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Kratos Q1 Revenue Grows $25 Million

Contractor Anticipates Meeting New Administration’s Needs

Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS) saw its revenue rise during the first quarter of 2021 on the strength of several businesses, including unmanned systems and space and satellite.

Friday, May 14

Vista Community Clinic Offers TOOTRiS as Employee Benefit

Vista Community Clinic has chosen San Diego-based TOOTRiS to provide real-time child care services for its employees.

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Thursday, May 13

Celebrating Asian and Pacific Islander Entrepreneurs - Week II

SDBJ is collaborating with the Asian Business Association San Diego throughout Asian American and Pacific Islander Heritage Month

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Special Report: Life Sciences

Industry Looks at Ways to Sustain Growth After Pandemic

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Executive Q&As with SDBJ's 2021 CFO of the Year Winners

San Diego Business Journal honors the financial executives who work behind the scenes – the chief financial officers

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R3fresh Finds its Niche on Convoy Street

RESTAURANTS: Owner-operator Joe Kao Chooses Juice Over Boba

Joe Kao was getting things done starting his business, a café on Convoy Street in Kearny Mesa, when he ran into a snag.

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Proven Recruiting Helps Cos. Find Needed Talent

SERVICES: Firm Aims to Grow Business to $50 Million

In 2007, Louis Song and Ingram Losner started Proven Recruiting as the answer to a growing concern  —  the fact that most recruiting firms were grueling places to work.

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Restaurant Operator Follows in Parents’ Footsteps

DINING: Cris Liang Owns Three Eateries in Kearny Mesa

When Cris Liang graduated from UCSD with a BS degree in structural engineering in the early 2000s, he never imagined he’d follow in his parents' footsteps and own his own restaurant years later.

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Northrop Grumman Has $99M Deal

Contract Modification Includes One Triton Unmanned Aircraft

The U.S. Navy awarded Northrop Grumman Corp. a $98.9 million modification to a previously awarded contract that will provide for one additional low rate initial production MQ-4C Triton unmanned aircraft system.

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Wednesday, May 12

Firms Leverage Tech to Drive Business

MARKETING: Cos. Launch AI, Digital Products

Power Digital, San Diego’s largest digital marketing agency, continues to expand its services to support the nation’s largest brands.

Founders of Manscaped, Dermaclara Launch Orchyd

HEALTH: King Family Again Disrupts Market with New Care Co.

Steve King is teaming up with daughters Morgan King and Courtney King for his latest endeavor, Orchyd, which provides "connected period care for modern times."

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Esports Gaming Co. Raises $14.4 Million

Co. Goes Public, Grows San Diego Presence

Esports Technologies, a global Esports gambling company, has completed its initial public stock offering.

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Foundation Funds Cyber Career Push

Workforce Partnership Takes Lead With $1.5 Million Grant

The San Diego Workforce Partnership has received a two-year grant of $1.5 million from The James Irvine Foundation to fund CyberHire San Diego — a movement that aims to increase the number of unemployed, underemployed and low-wage workers in cybersecurity careers.

Office Market Sees Bright Spots in Q1

New Construction Offers Hope That Market Will Pick Up

First quarter commercial real estate reports confirm what most expected, that the office market continues to struggle but a flurry of building sales and new construction offer hope that the market will pick up, starting in late 2021 or early 2022.

Port of San Diego Inks Two More Leases

With the two additions, it means 17 spaces are now filled since the Port began its revitalization project.

Ventyx Bio Hires CFO

Ventyx Biosciences has hired Martin Auster as its chief financial officer.

Tuesday, May 11

Point Loma’s Liberty Station Attracts Tenants and Customers

PROPERTY: Slew of New Additions Expected to Aid in City’s Economic Recovery

Liberty Station is adding a slew of new tenants to its current line-up.

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Industry Looks at Ways to Sustain Growth After Pandemic

Biomedical Device Makers, Diagnostic Companies See Future in Paradigm Shift Toward Telemedicine and Telediagnostics

While the world faced a major pandemic, diagnostic companies and biomedical device makers alike innovated to help our healthcare system through COVID-19. Now, as vaccines become more widely available and conditions of the pandemic change, these businesses wonder: how can the industry sustain this growth going forward?

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Local Architect Says He is Living the American Dream

ARCHITECTURE: International Firm Known for Striking and Prominent Buildings

While in high school, Joseph Wong helped out in his parents’ restaurant with little idea of what he wanted to do with his life. “I had a very good drafting teacher at San Diego High School,” Wong said. ... “He suggested, ‘What about being an architect?’ It was like a light bulb.”

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Co-Harvest Helps Locals Grow Crops

50% of Food Grown Goes to San Diego’s Food Insecure

According to data, one in seven San Diegans is food insecure. When Avery Cramer learned of this statistic, he knew he wanted to help address this issue.

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Senate Confirms Cindy Marten’s Nomination to Education Post

The U.S. Senate on May 11 approved the nomination of San Diego schools Superintendent Cindy Marten as Deputy Secretary of Education in the Biden Administration.

Monday, May 10

Recognized for Safety

SDBJ Insider

San Diego’s Alvarado Hospital and National City’s Paradise Valley Hospital have both been recognized with an “A” hospital safety grade for spring 2021 from the Leapfrog Group.

Video for Big-Rig Trucks Attracts Funding and Customers

TECHNOLOGY: Lytx, Netradyne and SmartDrive Find Themselves in Demand

San Diego-based Lytx Inc. announced in April that it generated record revenue in 2020, driven by a 63% increase in new customers such as Coca-Cola Beverages Florida LLC and The Kroger Fulfillment Network.

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Boba Bar and Desserts Serves Internationally Influenced Treats

FOOD: Tiffany Tran Turned Her Love of Bubble Tea into a Business

Behind each sweet treat served at Boba Bar and Desserts is inspiration from shop owner, Tiffany Tran’s travels throughout Asia.

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Turning Tough Challenges into Success

RESTAURANTS: Tofu House Grows During Pandemic and Plans to Franchise

Joonsok Kim, said he couldn’t sleep at all the day it was announced that restaurants had to stop serving food indoors due to the coronavirus pandemic.

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Freight Co. Moving To Encinitas

Firm Hires 50 Staffers, Aims to Add 200 More

Flock Freight, a logistics technology company focused on the trucking industry, has announced it will be moving its main headquarters from Solana Beach to Encinitas.

Spreckels Theater Sold for $26.5M

Historic Downtown Building to Be Restored

The historic Spreckels Theater building – a San Diego landmark for more than a century - has been sold for $18 million with plans to restore the property.

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Sunday, May 9

Co. Changes Plans for Theater Site

REDEVELOPMENT: Hotel Being Added to $350M Project

An Australian company - Caydon Property Group – has made significant changes to its plans to redevelop the former California Theater in downtown San Diego.

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Execs Launch Diversity-Focused Nonprofit

BIOTECH: Organization Seeks Community Partnerships

San Diego Squared (SD2), a nonprofit focused on increasing the number of minorities in the life science and technology industries, is seeking to partner with local organizations to expand its reach in San Diego.

$11 Billion Property Deal

REAL ESTATE: REIT Attracts Realty Income

Realty Income Corp. (NYSE: O) has signed an agreement to acquire a second REIT, Phoenix-based VEREIT Inc. (NYSE: VER), in an all-stock transaction worth approximately $11 billion.

First of Its Kind Facility

HEALTHCARE: $44M Health Institute Opens

North County’s healthcare options expanded with the April opening of a $44 million rehabilitation center on the 56-acre campus of Palomar Medical Center Escondido.

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Executive Q&A: Alessandra Lezama - Founder and CEO, TOOTRiS

TECHNOLOGY: Disruptor Sees Digitizing Child Care Sector Saving Workforce, Businesses and Economy

A single mom and immigrant, Alessandra Lezama struggled with climbing up the executive ladder for the first 13 years of her career -- mainly due to inadequate child care.

Low-Impact Fitness Brand Enters Market

Gets Funding from Rapper Jay-Z, Former Padre Adrian Gonzalez

LIT Method Inc., a Los Angeles-based low-impact fitness brand, has launched its first ever permanent showroom in sunny San Diego. The 2020-founded company, with 16 employees, recently opened a studio in La Jolla’s Westfield UTC mall.

Thursday, May 6

He Went from Parking Cars to Owning a Law Firm

LEGAL: Attorney Specializes in Immigration Cases

Harsh treatment was behind Peter D. Chu’s decision to become a lawyer specializing in immigration cases.

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Celebrating Asian and Pacific Islander Entrepreneurs

SDBJ is collaborating with the Asian Business Association San Diego throughout Asian American and Pacific Islander Heritage Month

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Special Report: Tourism

Full Recovery in Overall Visitation Numbers Expected in 2023

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Housing Prices Reach Record Levels

Multiple Offers Becoming Commonplace

San Diego’s housing market is so hot heading into mid-year that agents report that buyers are paying well above the price sellers are listing – sometimes $100,000 or more regardless of appraised value.

The Vision Endures at Convoy Street’s Dumpling Inn

RESTAURANTS: Vietnam, China, Kentucky, O.C. All Make Their Mark on Eatery

It’s been quite a run, the last six years at Dumpling Inn & Shanghai Saloon.

GA Captures $11M Navy Contract

Business Will Plan Depot Work for its Advanced Arresting Gear

The U.S. Navy awarded General Atomics an $11.4 million order for support services. Under the deal, GA will move into the second phase of depot planning efforts to support its Advanced Arresting Gear.

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Eight Things an Accounting Adviser May Do For You

Painting a clearer picture of accounting.

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Wednesday, May 5

San Diego to Market Unique Software

TECH: Get It Done Designed Through an Alliance with Deloitte

Software designed through an alliance between the city of San Diego and Deloitte is so unique and useful, the city council has now approved it to be available for sale to other cities and agencies.

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Televisa XEWT Channel 12 Opens Studio in Seaport Village

MEDIA: First Spanish Language Broadcast Studio in Downtown San Diego

Last month, XEWT Channel 12, the station owned and operated by Televisa, opened its first-ever cross-border television studio on this side of the border.

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CH Projects Making Up for Lost Time

East Village’s ‘Neighborhood’ Reopens, Purchases Historic Hotel

CH Projects, the San Diego-based social and culinary collective, appears to be making up for lost time in 2021. Just a few weeks ago, the $50-million-company reopened its original location, Neighborhood.

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KLM Switches on Wi-Fi From Viasat

Dutch Airline to Provide Service on European Routes

KLM Royal Dutch Airlines has begun offering in-flight Wi-Fi powered by Carlsbad-based Viasat on a limited basis, with plans to expand the service to more of its fleet.

Airport Cell Phone Lot Reopens

The temporary way-station will open on May 8 and offer approximately 100 parking spaces for drivers to wait for arriving passengers free of charge.

Plaza Del Mar Refinanced

$35.3 million loan

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Kearny Mesa Office Lease Signed

Two floors leased

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Tuesday, May 4

KPBS Getting a New Look

MEDIA: $50 Million Renovation to Be Completed in 2022

Safdie Rabines Architects has designed a $50 million renovation and expansion of KPBS that will give a new look to the public radio and television station on the campus of San Diego State University.

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USD Pitch Competition Set for May 5

The University of San Diego will host its annual Venture Vetting (V2) Pitch Competition virtually at 4 p.m. on Wednesday, May 5.

Catalyst Names New CEO

Catalyst of San Diego & Imperial Counties announced on May 4 that Megan Thomas has been named president and CEO.

Building Bridges Through Culture

EVENTS: Social Artistry Creates Community and Connections Even During the Pandemic

While the pandemic may have shuttered large gatherings and celebrations, it didn’t stop Lauren Balcita Garces from starting her own event production company in 2020.

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Printing Co. Exceeds Customers Expectations

MARKETING: Firm Has Served Over 45,000 Customers Worldwide

San Diego-based Printivity, an online printing company continues to find success after more than a decade in the business. Founded in 2010, Printivity was started by founder and CEO Lawrence Chou and was built from the ground up.

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Women of Influence in Technology 2021

Click Here to see the Full Special Section.

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Accel Robotics to Launch First Valet Market

Valet Market is an autonomous market offering 1,500 square feet of retail space within Vantage Pointe, a luxury high-rise community in East Village.

Monday, May 3

New USD Center Transformative

EDUCATION: $67.5M Project Breaks Ground

Celebrated as a project that exemplifies dramatic changes that are reshaping the way business is done, the University of San Diego marked beginnings of a $67.5 million business center with a recent groundbreaking.

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Fundraising Challenge

SDBJ Insider

The Leukemia & Lymphoma Society (LLS) has 11 San Diego leaders starting a 10-week fundraising challenge to honor local pediatric cancer patients.

Korean Flavors Meet Southern Cooking

RESTAURANTS: Cross Street Chicken and Beer Meshes Cultures

It was during a trip to Seoul, Korea, in the early 2010s that Tommy Nguyen and his wife Grace Chi became inspired to introduce a Korean fried chicken food concept to San Diego.

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Seqster Raises Funds, Grows Team

Co. Received $12 Million Series A to Support Growth

San Diego-based Seqster, the leader in patient-centric healthcare data technology, has raised $12 million Series A from healthcare investors to support its growth.

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Using Creativity and Code to Amplify Stories

TECH: Catherine Eng Designs Programs for People to Learn and Connect

As a kid, Catherine Eng dreamed of being an artist. Her creative curiosity drove her to teach herself coding and inspired her to share this skill with students through her educational STEM program, Design Code Build.

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Special Report: Residential Real Estate

San Diego Residential Real Estate Sales and Units Volume for 2020

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Special Report: Wealth Management

Professionals Work to Make Sense of a Changing Investment Landscape

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SENTRE Buys Manufacturing Center

$12.5 million sale

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Sunday, May 2

Classy Helps Nonprofits Raise $3 Billion

TECHNOLOGY: Fourth Round of V.C. Funding Nets Co. $118 Million

Classy, operator of an online platform used in nonprofit fundraising, has raised $118 million in a fourth round of venture capital funding.

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Cos. Raise $2.4 Billion

FINANCE: Life Science Leads Q1 Investment

San Diego venture capital investments got off to a strong start this year reaching its second highest quarter of funding raised on record.

Building Design Firms Merge

ARCHITECTURE: Combined Company Eyeing More Life Science Projects

Pacific Cornerstone Architects of San Diego has merged with HED, an international architectural firm whose CEO is based in San Diego.

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Full Recovery in Overall Visitation Numbers Expected in 2023

TOURISM: Orange Tier Now Allowing Outdoor Events to Resume at Limited Capacity

With 70 miles of coastline and six beach regions, numerous tourist attractions and near perfect weather year-round, it is no surprise that tourism is a major economic driver for San Diego.

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Life Sciences Sector Will Be Key to Rebuilding Downtown

TOURISM: Bio Events to Increase Overnight and Day Visits

Tourism and technology are not mutually exclusive. In many ways they lean on each other, support one another.

Yembo Raises $8.5 Million Series A

Seattle Investors Help Co. Expand Its Reach

Yembo, a software startup that uses deep learning technology to inventory items, has completed a $8.5 million Series A round to expand its reach into new industries.

Imperial Beach Apartment Complex Sold

$9.5 million sale

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