SD BUSINESS JOURNAL DAILY ENEWS

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.

Tease photo

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.

Tease photo

San Marcos Mobile Home Park Sold For $11.5M

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

Tease photo

Industrial Building in San Marcos Bought For $3.9M

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

Tease photo

Pacific Beach Apartments Bought For $3.7M

A Pacific Beach apartment complex has been sold for $3.7 million.

Tease photo

Oceanside Retail Building Changes Hands in $11M Deal

An Oceanside retail building that is anchored by T.J. Maxx and Goodwill Industries of San Diego has been sold for $11 million.

Tease photo

San Diego Apartment Complex Sold For Nearly $2.2M

A San Diego apartment complex has been sold for nearly $2.2 million.

Tease photo

Fresno County RV Park Sold to San Diego Co. For $3.2M

A San Diego company has acquired a recreational vehicle (RV) park in Fresno County for about $3.2 million.

Tease photo

Medical Condo Brings $11.9M In Rare Deal

Ranks as One of Highest Deals for Such a Property In San Diego

A Maryland real estate investment trust has acquired a San Marcos medical condominium unit for nearly $11.9 million in a transaction that is unusual because of its nature and the size of the deal.

Tease photo

Northrop Grumman Fire Scout Ready to Fight

Unmanned Helicopter Passes the Point of Initial Operational Capability

The U.S. Navy has declared that an unmanned helicopter built by Northrop Grumman Corp. is ready for prime time.

Tease photo

Bankers Hill Apartments Sold For $4M

Building will be renovated

Tease photo

San Diego Startups Raised $889 Million in Q2

San Diego startups raised just over $889 million in the second quarter of 2019, a slight increase from last year.

GroGuru Names EvoNexus’ Moore To Its Board

Agtech Co. Developing Sensors to Monitor Moisture, Salinity

GroGuru, a San Diego startup building sensors for crops, named EvoNexus CEO Rory Moore to its board on July 1.

Research Reactor at GA in Demand

Torrey Pines Campus Hosts Dept. of Energy Fusion Work

Though its defense contracting businesses get more press, General Atomics was founded on atomic energy. The company still does interesting work in the field.

Tease photo

Scripps Research Leading International Partnership For HIV Vaccine

NIH Division Will Provide Grant of $129 Million

An international partnership led by Scripps Research on July 10 pulled in a $129 million grant to bring a potential HIV vaccination into clinical testing.

Tease photo

These San Diego Biotechs Fell Hard, But Managed to Bounce Back

Biotechs recover momentum after being written off

Once pegged as goners, San Diego life sciences companies like Neurocrine, Arena Pharmaceuticals and Tandem Diabetes Care made comebacks. Their stories shed light on how to weather an industry in which companies expand and contract like an accordion based on clinical trial results.

Tease photo

PlantBased PopUP Feeds Mind & Body

Clients Want Experiences; Restaurants Get a Draw For New Customers

As San Diego continues to be touted as one of America’s top foodie cities, restauranteurs and chefs around town are staying innovative in order to keep the offerings...

Tease photo

In Age of Amazon, Swap Meet Looks to Make Events Special

Goal Is to Have Event Each Month to Stop or Stabilize Revenue Decline

In the face of online retailers like ebay and Amazon and big-box retailers like Target and Walmart, San Diego’s Kobey’s Swap Meet is reinventing itself in order to stay in the game.

Tease photo