U.S. Navy Awards $49.3 Million Deal to Virginia Firm With Local Presence
The U.S. Navy awarded QED Systems Inc. of Virginia Beach, Virginia a $49.3 million modification to a previously awarded contract. Under the deal, QED will support availabilities — that is, periods of time set aside in a ship’s schedule for maintenance, repairs and modernization.
TECHNOLOGY: North County Firm Has Contracts With NASA, Military Services
North County-based Space Micro announced on Nov. 22 that Denver-based Voyager Space Inc. has agreed to buy a majority stake in the company.
HEALTHCARE: San Diego Co. Unveils Painless Glucose Sensor Patch
Biolinq, a medical device company developing a continuous glucose sensor with a novel integrated display on its wearable device, has closed a $100 million Series B financing round led by RiverVest Venture Partners.
HOSPITALITY: Urban Market to Include Nine Vendors
Old Town Urban Market, a 7,000 square foot mostly outdoor-seating venue located at Miranda’s Courtyard in the heart of Old Town, is scheduled to open next month.
Increases Continue; Median Price of 1 Bedroom Hits $2,160
Apartment rents in November reached an all-time high in San Diego, driven up in part by rising home prices and stiff competition in a crowded market, according to national agencies that track rental rates.
RESTAURANTS: Rise & Shine to Open 10 Food Places in the Next Year
After expansion plans were put on hold last year due to the COVID-19 pandemic, Rise & Shine Hospitality Group is gearing up for a massive growth strategy.
Forecasts Breaking $1M in Revenue During First Year
PlantX, a Vancouver, Canada, based plant-based community, lifestyle and food company, has opened its first stateside flagship store — right here in San Diego.
Building Once Housed Mammoth Vault
A former bank building that was used to store truckloads of paper money and coins has been transformed into a place of healing for military families.
A recently renovated North Park mixed-use building has been sold for $3.1 million.
ARCHITECTURE: UC San Diego Project Looks to Past and Future
The $490 million North Torrey Pines Living and Learning Neighborhood of the University of California San Diego has been cited as an ideal blend of residential, academic, commercial and cultural programming in a single neighborhood.
BIOTECH: Deal Combines Leading Local Synthetic Biology Firms
Codex DNA (Nasdaq: DNAY) is buying Eton Bioscience, a privately held provider of synthetic biology products and services, for $13 million.
ENERGY: Shipments to Asia Could Pass Through Topolobampo, on the Gulf of California
Sempra (NYSE: SRE) has expanded its plans to export liquefied natural gas (LNG) from the west coast of Mexico.
Ground-Breaking for 450-Room Facility Scheduled for 2023
A 450-room East Harbor Island hotel project is one step closer to reality.
San Diego-based Neurocrine Biosciences (Nasdaq: NBIX) has entered into a strategic collaboration and licensing agreement with Japan’s Sosei Group to develop potential new treatments for schizophrenia, dementia and other neuropsychiatric disorders.
DESIGN: Economic Impact Estimated at $1.5 Billion
San Diego has been awarded many titles over the years, including the Craft Beer Capital of America and the city of tech start-ups. But as of this month, America’s Finest City has a new global recognition to boast about.
Despite High Vacancy, Leasing Agents See Office Touring – a Prelude to Leasing
Downtown San Diego is well positioned to attract new companies and keep existing ones as more companies bring their workers back to the office, according those closest to the evolving core city.
AEROSPACE: Inmarsat Deal Worth $7.3 Billion
Carlsbad-based Viasat (Nasdaq: VSAT) said on Nov. 8 that it has agreed to buy British competitor Inmarsat for $7.3 billion.
TECH: Softbank Leads Series D Funding Round
In a funding round announced earlier this month, SoftBank Vision Fund 2 officially joined existing investors in Cloudbeds, adding additional financial firepower to the growing San Diego company’s market-leading, cloud-based hospitality management software platform.