SD BUSINESS JOURNAL DAILY ENEWS

Cubic Corp. Begins Construction On $100M Headquarters

TECH: Company Received $8.5M in Tax Credits For the Project

Cubic Corp. has started construction of new corporate headquarters in Kearny Mesa that will consolidate its San Diego operations into one site.

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Qualcomm To Appeal EU’s $272 Million Fine

The European Commission fined Qualcomm for $272 million. Qualcomm said it plans to appeal the ruling.

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Carlsmed Merges with Precisive Surgical

Carlsmed and Precisive Surgical are merging to develop personalized devices for spine surgery.

Developer Delighted With Ocean Beach Location

BUILDING: Mexican Eatery Is Part of Plan; Mixed-Use Also Possible

Developer Tim Foley has acquired the rights to develop 27,000 square feet of land in Ocean Beach a block from the Ocean Beach Pier.

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Cradle Genomics Gets $17.1M Series A Round

Cradle Genomics Gets $17.1M Series A Round

A startup led by former Illumina executives that wants to advance prenatal testing recently landed a $17.1 million Series A round.

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SANDAG, Navy to Explore Mass Transit Options for Airport

Old Town Property Could Accommodate Both Transit, Navy Needs

An agreement between the Navy Region Southwest and the San Diego Association of Governments has been signed that could potentially bring greatly improved public transportation to the San Diego International Airport.

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Sony, Daiwa Plan Innovation Fund To Back Startups

Plan Is to Raise $185M For Backing Companies in Key ‘High-Growth Industries’

Three years after stepping back into corporate venture capital, Sony Corp. is upping its investment into promising tech startups.

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Parallel’s $50M Buy Is Just the Beginning

PROPERTY: Company Invests in Promising Submarkets

San Diego-based Parallel Partners has acquired a Kearny Mesa office complex — Sky Park Office Plaza — for $50.6 million in the first of what company Principal Matt Root said will be several San Diego acquisitions.

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Independent Owners, Big Brand Drive UPS Store

FRANCHISING: Retail Network Revenue Exceeds $2B

hat began in 1980 as a convenient alternative to the post office, where people could ship packages and make copies, has grown into a multibillion-dollar network of more than 5,000 stores that offer a range of products and services including packing, shipping, printing, office supplies and passport photos.

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Palomar, Graybill Medical Look at Possible Pact

HEALTH: Affiliations Seen As Way to Cut Costs, Avoid Duplications

Palomar Health wants to deepen ties with a decades-old private physician group in a bid to control costs and closely coordinate patient care.

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Group Effort Has Kept Comic-Con In San Diego

TOURISM: Convention Center Expansion Still Appears to Be a Must

Thanks to efforts from Comic-Con International the San Diego Convention Center Corp., and other local groups, Comic-Con recently announced that it has extend its agreement at the convention center through 2024.

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CommonGrounds Expands to Washington D.C.

With $100M Backing Co. Aims For 50 New Locations in 2 years

CommonGrounds Workspace is going to Washington.

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General Atomics Aeronautical Systems Gets $275M Order

Aircraft, Ground Electronics Are Part of U.S. Army Deal

The following are selected defense contracts awarded to San Diego County companies in mid-July. The U.S. Department of Defense releases a digest of contract awards daily at 5 p.m. Eastern Daylight Time.

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Financial Results ‘Disappoint’ Illumina, It Now Expects FY Revenue Growth of 6%

CEO Calls the Preliminary Results Transitory

Illumina analysts are still bullish on the company after a lowered revenue estimate prompted a stock sell-off.

Trefoil Gets $28M Series A to Work on Vision Diseases

In Connection With Round, Company Takes On New Board Member

San Diego biotech Trefoil Therapeutics recently brought in a $28 million Series A round for work on vision diseases.

Integrity Bottles Taps Its Niche Market With Amazon’s Help

Company. Forecasts More Than $1 Million in Revenue for 2019

The Navy was where Zachary Lewis launched his military career as a special worker. It was also where he kicked off his side hustle turned main hustle: Integrity Bottles.

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Affordable Housing Co. Completes $48.1 Million Mountain View Project

Chelsea to Extend Its Reach North With $41.7M Irvine Project

Chelsea Investment Corp. - one of San Diego County’s most active producers of affordable housing — has wrapped up a $48.1 million Mountain View project that will provide 143 apartments for low-income households.

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San Marcos Mobile Home Park Sold For $11.5M

A San Marcos mobile home park has been sold for $11.5 million.

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Industrial Building in San Marcos Bought For $3.9M

A San Marcos industrial building has been sold for $3.9 million.

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