Stories for August 2018

Thursday, August 30

Navy Chooses Boeing Over GA-ASI, Lockheed

The U.S. Navy awarded a six-year, $805 million initial contract to build its MQ-25 Stingray aircraft to Boeing Co.

Clinical Research Organization Prosciento Names New COO

Dr. Linda Morrow, COO since 2009, becomes Prosciento's chief medical officer.

Illumina System Gains Approval in China

Illumina notched approval from the China National Drug Administration to market and sell its MiSeqDx sequencing system to hospitals and other medical institutions throughout the country.

Althea Expands Into New Manufacturing Space

Ajinomoto Althea Inc., the biopharmaceutical contract development and manufacturing company, has opened a 57,000-square-foot manufacturing facility in Sorrento Mesa.

Razor Launches Ride-Sharing Service in San Diego

Razor Share is the latest to provide scooter ride-sharing in the county.

S.D. Cos. Chosen to Help Run Solar on Multifamily Affordable Housing Program

San Diego-based Center for Sustainable Energy and GRID Alternatives, among other statewide nonprofits, have been chosen to run California’s new Solar on Multifamily Affordable Housing (SOMAH) program.

SD 500: IP Attorney Brooks Receives Lifetime Honor

Items of interest about people in 2018 The San Diego 500, The Book of Influential Business Leaders:

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Biotechs Find Favorable Conditions in UTC As An Amenity-Rich Alternative to Torrey Pines

When scouting where to consolidate San Diego operations, Takeda Pharmaceuticals put together a checklist. Most pressing: a plot that could accommodate 300 employees, near research institutions and other life science companies.

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Bold Brew Gets Good Retail Presence, Aims for $1.5M Seed Money

RETAIL: Co-Founders Went Through the SDSI Accelerator

It seems fitting for Jack Doheny and Jake Solomon, founders of Bold Brew Coffee, to have first met at a coffee stand.

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Banerjee Named to Cubic Board

Cubic Corp. has named Prithviraj Banerjee to a newly created seat on its board of directors.

Wednesday, August 29

Credit Karma Acquires Digital Mortgage Startup

San Diego digital mortgage startup Approved has been acquired by credit-checking company Credit Karma.

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Heater Co. Has Right Material For Growth

PRODUCTION: Oasis Sees Innovative Role in Science And Tech, Including AI

Although Oasis Materials Corp. was originally founded in 2005, its president and founder, Frank Polese, considers 2012 the year his company officially started.

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USO Opens New Headquarters

USO San Diego opened a new, 3,800-square-foot headquarters at Liberty Station on Aug. 29.

Fallbrook Apartments Sold For $3.1M

Complex has 21 apartments

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Las Vegas Area Land Acquired By San Diego Company for $7.1M

Property will be developed as warehouse and distribution center.

Luna Grill Names New Executive Chef

Ron Oliver is a cookbook author and former chef de cuisine of the Marine Room in La Jolla.

Soci, Which Manages Brands' Social Media, Raises $10.5M Series B

Founded in 2012, Soci employs about 50 people in San Diego.

Tuesday, August 28

Hotel Group Views Customers as Partners, Creating a Lasting Loyalty

TOURISM: Hotel Group Views Customers as Partners, Creating a Lasting Loyalty

Six years ago, while having dinner at one of the 18 hotels he either owns and/or manages, Robert Rauch, founder and CEO of RAR Hospitality, saved the life of one of his guests.

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WalmartLabs to Add To Tech Momentum

TECH: Local Expansion Seen As Catalyst for Inflow of Talent

San Diego Venture Group, founded more than 30 years ago, this year held its first-ever event in North County.

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United Way of S.D. County Names New President and CEO

United Way of San Diego County has selected Nancy Sasaki.

Mitek Says CEO, CFO Are Leaving

Mitek's stock price dropped sharply on the news, closing at 15 percent lower than the day prior.

Cubic Transportation Deal Tops $35M

Cubic Corp. said its Transportation Systems business received a contract from an Australian government agency that could be worth in excess of $35 million.

Airport Authority and Port Resolve Dispute Involving $1B Chula Vista Project

Airport Authority pulled out of rental car lawsuit.

Hopskipdrive, Startup Offering Ride-Sharing for Kids, Enters S.D. Market

Los Angeles-based company has raised more than $20 million in financing, including venture capital money and an investment from a school bus contractor.

Ionis Pharmaceuticals’ Stock Drops After FDA Letter

Shares of Ionis Pharmaceuticals and spinout Akcea Therapeutics kept falling Tuesday morning after a U.S. Food and Drug Administration division failed to sign off on their drug Waylivra.

Monday, August 27

Port of San Diego Backs Aquaculture Project

Sunken Seaweed will open its seaweed farm at the Grape Street Pier No. 1.

SDBJ INSIDER: ABC License Process Needs A Sober Review

What’s the business equivalent of a trip to the DMV? It might be dealing with the ABC — the California Department of Alcoholic Beverage Control.

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Power of Towers Shapes Downtown Rental Scene

PROPERTY: High-Rise Projects Make Sense in Expensive Market

Take a look around downtown San Diego and new apartment towers — previously a rare sight — are sprouting up like never before.

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Altegris’ Merger Opens Access to Alternative Investing

FINANCE: Artivest’s Platform Gives Investors Needed Tool

Picture a shopping cart full of reams of documents. Now picture a FedEx plane full of those carts.

Solar Energy Innovators Sought for Contest

Inventors with an interest in solar energy will vie for $3 million in prize money as the U.S. Department of Energy kicks off its American-Made Solar Prize competition.

San Marcos Apartment Complex Sold For $30.2M

Grandon Village restricted for those 55 and over.

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Sunday, August 26

Horton Plaza Sold

Mall sold to Stockdale Capital Partners.

Key Land Deal Approved For Chula Vista Bay Front

Land would include public park.

Commentary: Leaders Can Deliver a Lead Safe California

San Diego County homeowners will be hit hard by the ruling.

S.D.'s Brand Value Accelerator Acquired By August Spark

Investment to bolster headcount, enhance capabilities.

Renovate America Tops $160M in Home-Improvement Loans Sold

Renovate's Benji division offers unsecured home-improvement loans.

J. Craig Venter Institute Calls for Dismissal of Lawsuit

The J. Craig Venter Institute filed a motion to dismiss a lawsuit alleging that its CEO, J. Craig Venter, took trade secrets from former employer Human Longevity.

Rakuten Aspyrian Raises $150 Million in Series C Round

Rakuten Aspyrian hauled in a $150 million Series C round as the company’s lead cancer candidate moves into a final-stage trial.

Escondido Shopping Center Sold For $4.1M

Center has three buildings.

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CalPrivate Bank Forms Small Business Lending Divisions

CalPrivate Bank has increased its emphasis on Small Business Administration loans, establishing two separate SBA lending channels.

Business Events Calendar for Week of August 27, 2018

Business events scheduled in the county.

Apartment Supply Getting Boost Through 2018

Apartment construction is on the rise in San Diego County, according to a recent report from RentCafe, an apartment listing service.

Navy Had Role in Nixing Acquisition of Qualcomm

A U.S. Navy office charged with investigating foreign investment in U.S. companies helped scuttle Broadcom Inc.’s hostile takeover of Qualcomm Inc. in March, a U.S. Navy admiral told a San Diego audience of military and civic leaders on Aug. 22.

NASSCO Tapped For Design Help With Logistics Ship

The Navy has asked General Dynamics NASSCO for some early help in designing a new class of logistics ship.

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If It’s Good Enough for Illumina, Then UTC Is Good Enough for Others

BIOTECH: Genomics Giant Does Trailblazing In Real Estate, Too

Illumina keeps outgrowing its digs, which becomes evident looking at the UTC landscape.

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Foundation Finds Good Way to Give Back to Community

The Cushman Foundation announced that it launched an initiative this year, “Making a Difference for San Diego,” to impact worthy organizations throughout San Diego County.

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Dahl Already Familiar With San Diego’s Selling Points

Natalie Dahl hopes to come bearing gifts as she takes over as CBRE’s managing director for investor services in the San Diego region.

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Reporter’s Notebook: Startups Make Wise Investment Of Time at Venture Summit

Earlier this month, an oft-heard refrain in San Diego startup circles — “there aren’t enough venture capitalists in town!” — rang false, at least for a couple of days.

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Co. Goes Into Series A From Position of Strength

TECH: Email Marketing Co. Has Good Revenue, Will Beef Up Sales, Marketing

Sendlane, an email marketing startup says it will close a $5 million to $6 million Series A funding round within the next 60 days.

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Thursday, August 23

McManus Named VP/Station Manager of KUSI

Media executive Denise McManus has been named vice president/station manager of San Diego’s KUSI television.

Little Italy Project Brings Rentals, Dining and Romance

PROPERTY: Little Italy Project Brings Rentals, Dining and Romance

For more than a decade, people who live and work in Little Italy have yearned for a central plaza that would give the community a stronger European feel and a place that would be an attraction in its own right.

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Coffee Could Be Something Special in Local Agriculture

AG: High-End Crop Targets The Pricey Specialty Market

According to the San Diego County Farm Bureau, San Diego is the top grower of domestic avocados and the No. 1 nursery and floral county in the nation. But these days, local farmers have their eyes set on a new crop: coffee.

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S.D.-Serving Better Business Bureau Expands to Arizona

The Better Business Bureau segment that serves San Diego, Orange and Imperial counties has merged with BBB Greater Arizona.

Viterbi Gives $50M to UC San Diego

Businessman, academic and philanthropist Andrew J. Viterbi has given $50 million to UC San Diego to support its ophthalmology programs.

Kopari Beauty Raises $4.6M in Debt Financing

Organic coconut oil-based products maker previously raised $15 million in equity.

Dthera Sciences Nabs FDA Breakthrough Designation

Dthera Sciences’ device intended for Alzheimer’s patients has received a breakthrough designation that will speed regulatory review.

Relationedge, Salesforce Implementation Partner, Names First COO

Hersh tasked with orchestrating delivery Relationedge services to wider range of clients.

Ramona Apartments Sold For $2.5M

Complex was built in 1990

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Kratos in Line for Training Systems Work

Kratos Defense & Security Solutions Inc. is among 23 companies selected to compete for U.S. Navy work under a deal the Navy calls Training Systems Contract IV.

Seacoast Commerce Bank Hikes Quarterly Dividend 12.5 Percent

Bank cites recent growth via acquisition, tax reform.

Wednesday, August 22

Reporter's Notebook: Hera to Help Women’s Business Center

Hera Labs, a San Diego-based accelerator program for women-led startups, recently announced it would offer clients of the San Diego & Imperial Women’s Business Center (WBC) in National City access to its curriculum and training.

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Bar Exam Failures Help to Make Business Case for Prep Cos.

LEGAL: Smaller Firm Using Tech, Personal Attention to Compete

After passing the difficult California Bar Exam on his first try, San Diego attorney David G. Greco began wondering why someone hadn’t started a company that would do a better job of preparing law students for the test.

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Developers Make Historic Structures Part of the Present Scene

When Donia Ackad bought a former used furniture store in downtown Oceanside in December, she had no idea what was beneath the patchy stucco that covered the exterior.

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Novo Brazil Expansion Fits New Model for Malls

Beer fanciers looking for a new taste treat could soon head south to Chula Vista, where Novo Brazil is expanding into the Otay Ranch Town Center mall with a $2.5 million micro-brewery, tasting room, restaurant and beer garden.

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Kane Named CEO of UC San Diego Health Physicians

Dr. Christopher Kane will lead the charge to expand primary care access, among other goals, in new roles as dean of clinical affairs for UC San Diego School of Medicine and CEO of UC San Diego Health Physicians.

Del Mar Heights Office Buildings Sold For $43M

Buildings were renovated in 2017

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Dexcom Buys TypeZero Technologies

San Diego’s Dexcom has gained additional diabetes management technology by acquiring TypeZero Technologies. Deal terms were not disclosed.

Encinitas Land Sold For $4.4M

Land approved for single family development

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Thompson Heads Realtor's Group

Thompson is a Former executive with the California Apartment Association

Navy Uncovered a Concerning 'Connection' in Proposed Qualcomm-Broadcom Deal

A U.S. Navy office charged with investigating foreign investment in U.S. companies helped scuttle Broadcom Corp.’s hostile takeover of Qualcomm Inc. in March, a U.S. Navy admiral said.

Tuesday, August 21

Solana Beach Projects’ Eclectic Designs Fit In

Solana Beach Projects’ Eclectic Designs Fit In By Bringing Their Own Character, Style to the Mix

A series of projects are planned or underway in the center of Solana Beach that in at least one case will remove what many said has become an eyesore.

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Wave of Investment Has Life Sciences Swimming in Cash

Cash is pouring into early-stage San Diego life sciences, with 2018 shaping up as a banner year, according to observers.

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Aroma Listens to Its Retailers, Keeps Eye on Economy

RETAIL: Housewares Co. Relies on Business Sense And Wide Product Line

Although keeping a relatively low public profile since launching 41 years ago, San Diego-based Aroma Housewares, mostly known for its rice cookers and multicookers, has managed to become a recognizable name in the small kitchen electric appliances industry.

Rady Children’s Appoints New CEO

Dr. Patricio “Patrick” A. Frias has been named as the new president and CEO of Rady Children’s Hospital and Health Center.

Liberty Station's Moniker Group Expands Commons Coworking Space

Coworking space has proved popular with early-stage startups and small businesses.

GA Pulls in $134M Missile Defense Contract

General Atomics Electromagnetic Systems received a three-year, $134 million contract from the Pentagon’s Missile Defense Agency.

Westcore Properties Acquires Oakland Industrial Buildings

Buildings suitable for smaller tenants.

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Office Building Sold For $3M

Building has multiple tenants

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Monday, August 20

Canada Awards Cubic a $27M Deal

Cubic Corp. said Aug. 20 that it received a $27 million contract from the Canadian military.

SD 500: Quartet Among Next 40 Honorees

Scot Chisholm, Matt Cole, Keith Jones and Ashok Kamal were among the 40 honorees in the San Diego Business Journal event, San Diego’s Next 40 Top Business Leaders Under 40.

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Viasat’s Stock Dips On Q1 Results

TECH: Some Analysts See Overreaction, Rate Stock as a Buy

Shares of Viasat Inc. swooned, dipping 17 percent Aug. 10 after the company released results from the first quarter of its 2019 fiscal year.

Executive Q&A: Matt Kite, Cerna Solutions CEO

Matt Kite moved to the U.S. from the U.K. in 2004. Today he employs more than 30 people at Cerna Solutions, which he established in 2012 to provide implementation services for companies looking to use the cloud-based IT services offered by tech giant ServiceNow.

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San Diego Firm Sells North Las Vegas Building For $16.2M

Building sold to Christie Lites of Orlando.

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JPMorgan to Open Private Bank Branch in San Diego

New office is part of broader expansion of private banking division, to grow by more than 20 new offices by 2022.

Finding Weaknesses Is a Strength of ATA

ENGINEERING: Firm Does Analysis, Design and Software

Shake, rattle and roll. That is an admittedly nontechnical explanation of what ATA Engineering Inc. does.

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Carlsbad Industrial Building Sold For $3.5M

Building is fully leased.

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Tri-City to Reconsider Suspension of Mental Health Unit

The Tri-City Healthcare District board will soon reconsider a decision to suspend operations of the center’s inpatient Behavioral Health Unit and Crisis Stabilization Unit.

Sunday, August 19

DJO Moving to Texas, Cutting 187 Local Jobs

DEVICES: 300 Jobs to Remain; Co. Consolidating Operations

DJO Global, which grew from a garage startup to become one of North County’s largest private employers, is laying off 187 local employees and relocating its headquarters to Dallas, Texas.

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SDBJ INSIDER: Craft Brewers Have a Normal Business Dispute

Trademark disputes in the craft brewing world are not restricted to big beer vs. little beer.

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Algorithms Give Lender a Less Risky Business

FINANCE: Tech Opens Data Door on Borrowers; Co. Secures $145M

A San Diego-based online lender that employs 40 data scientists that guide its lending decisions recently secured $145 million to expand its business, which makes unsecured personal loans to borrowers with blemished or little credit history.

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Synthorx Hires a CMO

Joseph Leveque has joined San Diego biotech Synthorx as chief medical officer.

NASSCO Gets Work on USS Cowpens

The U.S. Navy awarded General Dynamics NASSCO a $147.7 million contract to modernize the USS Cowpens, a Ticonderoga-class cruiser.

Business Calendar for Week of August 20, 2018

Business events planned in the county

AttackIQ Closes $5.5M Financing Round

Cybersecurity startup AttackIQ has closed a $5.5 million financing round led by Salesforce Ventures, CEO Stephan Chenette recently confirmed.

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McAlister Draws Crowd to Support Those Fighting Addiction

McAlister Institute’s 6th Annual 5K Walk for Sobriety raised more than $93,000 to bring help and hope to thousands of individuals and families impacted by addiction.

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This Home’s Views Include an Interesting Look Back to the Past

West of Interstate 5 and a couple of blocks from the ocean is a stately Spanish home with a storied past.

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Kratos Reports Q2 Revenue of $151M

Kratos Defense & Security Solutions Inc. reported a net loss of $7.7 million on revenue of $151.2 million during the company’s second quarter, which ended on July 1.

Cubic’s GATR Gets $522M Army Contract

GATR Technologies has a one-half billion dollar deal in hand.

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L.A. Investors Not Looking Down on S.D.’s CRE Market

Los Angeles investors are showing increasing interest in San Diego’s commercial real estate market, according to the commercial real estate firm Marcus & Millichap.

Logistics Startup Lands $8M in Series A

Airspace Technologies, a Carlsbad-based logistics startup, has raised $8 million in a Series A financing round.

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Thursday, August 16

Pop-Up Trend Gives Retail a Fun-Size

RETAIL: Versatile Uses Include Promotional Events

When sisters Anne Buehner, 33, and Mary Carr, 26, who have branding and retail experience collectively, noticed an absence in agencies dedicated to creating pop-up experiences in San Diego recently, they joined forces to launch their creative firm, & Boom Unlimited, last year.

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SDBJ INSIDER - Ballot Box Woes: Convention Center Not Only Issue

Angst is justified on many fronts over the struggles to get the San Diego Convention Center expansion on the November ballot.

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ANALYSIS: When It Comes to Big Civic Projects, We’re Out of Pluck

ECONOMY: Bold Moves Often Missing in Key Developments

Getting big projects done in the San Diego region is often a nearly impossible task, with the downtown San Diego Convention Center the latest to run into trouble.

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Capacitor-Maker Maxwell Closes Public Offering

Maxwell Technologies Inc. said Aug. 13 that it closed a public stock offering of 8,580,000 shares at $3.25 per share.

San Diego's GreatCall Acquired By Best Buy For $800M

PE firm GTCR bought GreatCall for an undisclosed amount in June of 2017.

UC San Diego Health, Rancho Family Medical Group Enter Affiliation

Rancho Family Medical Group, or RFMG, will be able to tap into services from UC San Diego Health through a new affiliation.

Cybersecurity Specialist Fhoosh Names Carter Chairman

Cybersecurity software company Fhoosh has named Scott Carter chairman of the board. The company made its announcement Aug. 15.

Man Crates Leasing In Otay Mesa Center

Property is in Airway Business Center

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Approved, Digital Mortgage Startup Launched By Redfin Alumni, Acquired By Credit Karma

Andy Taylor and Navtej Sadhal launched platform targeting prospective homebuyers in April 2017.

Dahl Named CBRE Managing Director For Investment Services

Appointment marks a return to San Diego

Wednesday, August 15

U.S. Bank to Relocate Little Italy Branch to East Village

New bank branch will offer 'educational environment,' community room.

Co. Creates Platform to Facilitate and Follow In-Store Transactions

TECH: Co. Creates Platform to Facilitate and Follow In-Store Transactions

As much as companies assert their uniquenesses, some users see little difference between using Uber or Lyft to hail a ride via smartphone or Livingsocial instead of Groupon for local deals.

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Good Economy Keeps Retail Sector Strong

PROPERTY: Record Rents, Strong Revenue Limited Space All Factors

Despite recent closings of some big-box retailers such as Toys R Us and moves by others to scale back operations, the retail market in San Diego County is thriving heading into the second half of the year, according to commercial property brokerages.

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With Talent in Demand, Cos. Scramble to Keep Their Top Workers Engaged and Employed

With Talent in Demand, Cos. Scramble to Keep Their Top Workers Engaged and Employed

A historically tight labor market is making San Diego companies think hard about how to keep their top talent from leaving for greener pastures.

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Reporter’s Notebook: Senturia Setting Up Company

Deckard Technologies Inc., headed by local serial entrepreneur Neil Senturia, recently raised just shy of $370,000 of a $500,000 offering.

LRAD Grows Revenue, Shrinks Loss

LRAD Corp. reported a net loss of $80,000 on revenue of $7.5 million in its third quarter, which ended June 30.

Tuesday, August 14

Venter Retires as Chairman of Synthetic Genomics Board

J. Craig Venter has retired as chairman of the Synthetic Genomics board, according to a company news release.

A Tale of Two Well- Positioned Submarkets

For the past five years Mission Valley has been the hottest submarket in San Diego County for office space, racking up 683 deals.

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Company Success Will Be Community Success at New Accelerator

ECONOMY: City-Funded Program Aims for More Diversity, Opportunity

The second floor of the Joe and Vi Jacobs Center in southeast San Diego feels familiar and anodyne, like a place you’d go to get help with your taxes or attend a Toastmasters meeting.

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Flooding Incident Prompts Up to 1,493 NASSCO Layoffs

General Dynamics NASSCO said it plans to lay off part of its workforce because of a flooding incident in a dry dock in mid-July.

Cybersecurity Startup AttackIQ Raises $5.5M in Salesforce Ventures-Led Deal

Company tests clients' cybersecurity software to determine if and how hackers could penetrate.

Tech Companies Expanding In UTC

Leases signed with Irvine Company

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Sorrento Mesa Land Sold For Undisclosed Price

Land will be developed for industrial tenants

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Westcore Properties Sells San Bernardino Warehouse

DHL purchased the property

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Software Startup Seismic Reports Triple-Digit Revenue Growth

Sales and marketing enablement company says its platform played a role in 11 million of sales interactions in the first six months of the year.

Monday, August 13

Merlin Teams Up to Expand Its UAV Services

DEFENSE: 3 Cos. Coming Together Will Handle Variety of Roles

“Bob, 51 & Brian, 49, will start a company to support Big Safari and make things happen, with planning starting in 2007 and operations in 2008.”

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Local Device Cos. See Solid Quarterly Results

MEDICINE: National Picture Expecting 4% to 5% Growth

Four major medical device companies based in San Diego recently delivered strong quarterly results, lifting their stocks and growth outlooks.

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La Jolla Institute Researcher Lands $2.24M Grant

Ferhat Ay with the La Jolla Institute for Allergy and Immunology was awarded a $2.24 million grant to for research into genetic variation and disease risk.

SD 500 Update: Grantmakers CEO Sees Active Role Following Retirement

Nancy Jamison says her decision to retire from the role of president and CEO of San Diego Grantmakers at the end of 2018 emanates from her desire for a schedule with a different pace and the realization that it is time for someone else to take a turn with a great organization.

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Airspace Technologies Raises $8M For 'Next-Gen' Delivery Network, Software Platform

Nick Bulcao and Ryan Rusnak founded Airspace in 2015.

Rady’s Expands Services in Riverside with New Facility

Rady Children’s Hospital-San Diego recently held a grand opening for a medical plaza in southwest Riverside County, with the dual goal of consolidating outpatient operations and reaching more patients.

Turtle Beach Increases Revenue 218 Percent

Turtle Beach Corp., a maker of gaming headsets and accessories, reported net income of $6.3 million on net revenue of $60.8 million.

CUSTOM CONTENT: California’s Sweeping Consumer Privacy Law

Trusted Advisors

On the heels of the EU’s General Data Protection Regulation (GDPR), California passed the strictest privacy law in the country, giving consumers unprecedented control over their personal data and imposing new penalties on businesses that don’t comply.

Sunday, August 12

Sagara Named CEO of SDG&E

Sempra Energy has named Kevin C. Sagara chairman and CEO of San Diego Gas & Electric Co. The business made the announcement on Aug. 10.

Sport Innovators Ups Its Game To Help Cos. and Entrepreneurs

San Diego Sport Innovators (SDSI), a business development organization for sports and active lifestyle startups, has expanded and rebranded its flagship accelerator program.

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Trade War May Complicate Sempra’s LNG Plans

ENERGY: Company Is In ‘Constructive’ Talks With Activist Investors

Sempra Energy’s plans to build a liquefied natural gas (LNG) export business could get bogged down in a widening U.S.-China trade war, though Sempra CEO Jeff Martin struck a cautious tone while speaking with analysts about the prospect.

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Qualcomm Settles Patent Dispute With Taiwan For $93M

Dispute over patent pricing dates back to 2015.

Employment Law Firm Announces Name Change

Berger, Williams & Reynolds LLP, or BWR, is the new name of the downtown law firm specializing in employment and business litigation.

Business Events Calendar for August 13, 2018

Business events planned in the county

Climate Curriculum Emphasizes Environment, Engagement

The San Dieguito River Valley Conservancy was awarded $7,500 from San Diego Gas & Electric to support SDRVC’s climate-science curriculum, “Microclimates on a Macro Scale,” which is a part of the conservancy’s Watershed Explorers Program.

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Home of The Month: A Spanish Treasure

Only the terracotta-tiled roofline of a Spanish Colonial estate near the heart of downtown Rancho Santa Fe is visible from the street.

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Thursday, August 9

Partnerships, Pipeline Put Inovio in Good Position

PHARMA: Versatile Co. Takes On Cancers, Infectious Diseases

Inovio Pharmaceuticals Inc. has about 300 employees, tenfold that of 2009. Most of the scaling up occurred in the last few years to support a growing pipeline of therapies targeting cancers and infectious diseases.

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Real Estate Revolution Will Be Visualized

TECH: From Building to Selling, Tech Tools Are Now a Must

Drones that help map buildings and property in a fraction of the time than it used to involve, and virtual reality systems that take people inside buildings still in the planning stages are among the technological innovations that are transforming commercial real estate.

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Cos. Find Skilled Workers and Other Draws in Tijuana Market

Tijuana is heating up as a place for industrial companies looking to relocate or expand, according to a recent report by the commercial brokerage firm CBRE.

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GA Hones Carrier System’s Capabilities

One day shy of the first anniversary of a fighter jet launching off the USS Gerald R. Ford, the Naval Air Systems Command released a statement saying its General Atomics aircraft-handling machinery is progressing through a comprehensive test program.

Illumina Continues To Exceed Expectations

In quarter two earnings, Illumina continued a streak of stomping analyst expectations.

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San Diego Next Top Business Leaders Under 40 Finalists Preview #10

Preview of San Diego Next Top Business Leaders Under 40 Finalists

Viasat Grows Revenue, Says More Expansion to Come

Viasat Inc. recorded a higher net loss — and higher revenues — in its latest quarter.

Pico Holdings to Exit La Jolla Amid Management Shakeup

Company announces new CEO, says CFO is leaving.

NuVasive and Siemens Form Partnership

NuVasive Inc. said Aug. 9 that it has formed a strategic partnership with Germany-based Siemens Healthineers.

Facebook Awards UCSD Team $75,000 For Cybersecurity Research

Winning proposal by Stefan Savage and Geoff Voelker was titled “Evaluating Security Outcomes: Applying Evidence-based Security to Improve Cybersecurity Risk.”

Clairemont Shopping Center Sold For Nearly $5.3M

Center is anchored by Carnival Market.

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Former Oceanside Drive-In Sold

Site is home to Oceanside Swap Meet.

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SDSU Hires New Director of Real Estate Center

Edward Pierzak joins faculty

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Golden Hill Parcel Sold For $2.1M

Property will be developed as townhomes.

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Renters’ Prayers Answered As $40M Complex Planned

A vacant historic former retirement home and Catholic convent in La Mesa will be resurrected as a 130-unit apartment complex in a $40 million joint venture by Pathfinder Partners and Silvergate Development.

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Wednesday, August 8

HEROFi Announces $3.5M Debt Financing

Money to be used as working capital to fuel expansion.

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Walk-In Clinics Part Of Care Providers’ Pursuit of Patients

MEDICINE: Bringing Services to the Consumer Is Trend in Health Care

Forget far-off appointments and long drives to the doctor’s office.

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Startup S.D. Looks for Impact From New Leader

Ocean Beach resident Jarrod Russell, 35, has had an eclectic career.

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San Diego Next Top Business Leaders Under 40 Finalists Preview #9

Preview of San Diego Next Top Business Leaders Under 40 Finalists

Portable Nuclear Power Reactor Program Advances at GA

ENERGY: Company Aims For Less Waste, More Safe, And Less Expensive Model

Naysayers are nothing new for General Atomics. While others say nuclear power is on the decline, the privately held company is betting on a vision of small reactors cooled by helium gas.

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Reporter’s Notebook: Politics and Priorities Hinder Repeal of Medical Device Tax

Competing congressional priorities are clouding the path forward for an effort to kill a 2.3 percent excise tax on medical device makers, San Diego’s NuVasive and ResMed among them.

Cubic’s Quarterly Sales Reach $296.2M

Cubic Corp. reported net income of $6.3 million on net sales of $296.2 million for its third quarter, which ended June 30.

Sempra Subsidiary Agrees to $119.5M Legal Settlement

Sempra Energy subsidiary SoCalGas announced on Aug. 8 that it will settle certain legal claims against it stemming from the leak at the Aliso Canyon natural gas storage facility.

Axis Renewables Opens More International Offices

The new locations will help the company keep up with the growing demand in those regions.

Nominations Now Open for the 2018 Business Women of the Year Awards

The deadline for nominations is Oct. 22.

Tuesday, August 7

Both Sellers and Buyers Seeing Opportunity in Hot M&A Market

FINANCE: Conditions Seen As Continuing Through 2019

A University City-based investment bank that advises companies on mergers and acquisitions has beefed up its roster in expectation of a surge of M&A activity.

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S.D. Bankers Help Umpqua Bank Make the Connections For Banking Relationship Success

Joe Quinn, chief financial officer of defense contractor Epsilon Systems Solutions, needed to close a deal before year’s end.

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SD 500 Update: Trade Group Honors Airport Innovation

Items of interest about people in 2018 The San Diego 500, The Book of Influential Business Leaders

Kimberly Becker and the San Diego County Regional Airport Authority have been honored by the American Association of Airport Executives with the 2018 Most Innovative Large Hub Airport award.

Hotel Industry Is Building on Its Solid Metrics

TRAVEL: In 2018, 77.5% Occupancy Expected; Biz Travel Makes Up 10%

On paper, San Diego doesn’t look very good as far as the hotel industry is concerned.

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San Diego Next Top Business Leaders Under 40 Finalists Preview #8

Preview of San Diego Next Top Business Leaders Under 40 Finalists

Inseego Receives $19.7M Private Placement

Inseego Corp. said Aug. 6 that it received a private placement of $19.7 million from an affiliate of Tavistock Group as well as North Sound Partners.

One Stop Systems, Computing Systems Maker, Expands Escondido Headquarters

Expansion follows company's public market debut in February.

Carlsbad Center Sold For $17.4M

Center has two buildings

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Nominations Open for the 2018 Veteran and Military Entrepreneur Conference & Awards

Nominations are being accepted through Sept. 10.

Civic San Diego Closes $10M Tax Credit Investment with Ajinomoto Foods

The investment will help finance the addition of a third manufacturing production line in 2019 in Otay Mesa and is expected to generate close to 100 new jobs in the next two years.

Monday, August 6

Samumed, San Diego Biotech Developing Regenerative Drugs, Announces $438M Financing Round

Company is developing treatments for a broad range of diseases, including a variety of cancers and Alzheimer’s.

San Diego Next Top Business Leaders Under 40 Finalists Preview #7

Preview of San Diego Next Top Business Leaders Under 40 Finalists

Office Design Works With Environment

PROPERTY: East Village Site Maximizes Advantages

With the unassuming name of “Block D,” downtown San Diego’s newest office building might sound bland and generic. It’s far from the case.

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SDBJ INSIDER: Developers Face More Hazards On This Course

The latest stakeholder clash over what to do with a closed golf course could be shaping up as the most difficult yet among the seven in San Diego County in the past five years.

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Restaurant Group’s Biz Model Is Risky But Rewarding

For David and Lesley Cohn, president and co-founders of Cohn Restaurant Group, the San Diego-based, family-run business which owns and operates 25 restaurants in Southern California and Hawaii, what makes their company successful is the same thing that makes it, for a lack of a better word, difficult.

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Hillcrest Properties Sold

Buildings were recently renovated

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La Mesa Apartment Complex Sold For $10.2M

Complex was recently renovated

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Governor Appoints Higgs Fletcher & Mack Law Firm Partner as Superior Court Judge

Loren Freestone is the ninth attorney from the firm to be named to the bench.

Nominations for Family Owned Businesses Now Open

The Family-Owned Businesses Awards is a chance to recognize your family owned business or your clients, colleagues and friends whose San Diego-based family-owned firms have distinguished themselves in the local community.

With Impairment Charges, Sempra Swings to 2nd Quarter Loss

Sempra Energy reported a net loss of $561 million, or $2.11 per share, on revenue of $2.56 billion in its second quarter.

Emerald Textiles Acquired

Encore Textile Services has acquired Emerald Textiles, a San Diego-based health care linen service provider.

Bank of Southern California Completes Americas United Acquisition

Acquisition increases Bank of Southern California assets to about $720 million.

Kearny Mesa Hotel Getting $3M Renovation

Four Points makeover

Hotel gets a complete makeover

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Sunday, August 5

Eset Taps Former Ingram Micro Exec to Head North America Region

Eset has its North America headquarters in San Diego. U.S. business makes up more than 20 percent of the company's global revenue.

BofI Federal Bank Agrees to Acquire $3B in Deposits from Nationwide Bank

Deal, anticipated to close in fourth quarter, would increase BofI deposits by more than one-third.

#10 Fastest Growing Private Company

Special Report: Fastest-Growing Private Companies

Rounding out the list of the Top 10 fastest-growing private companies in San Diego County this year is a business recently acquired by a global tech services company.

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#8 Fastest Growing Private Company

Special Report: Fastest-Growing Private Companies

With back-to-back years of triple-digit growth, Vista-based Latitude 33 Brewing Co. has good reason to raise a pint — or two — to itself for being a repeat among San Diego County’s fastest-growing private companies.

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#9 Fastest Growing Private Company

Special Report: Fastest-Growing Private Companies

Deanne Gustafson had been an avid bottled-kombucha drinker for years when, during a 2013 trip to Bend, Oregon, with now-husband Jared Gustafson, she discovered kombucha was also on tap.

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Space Micro Inc. Sees Its Stars Align in Markets

TECH: Govt. and Commercial Markets Keep Company Busy

Some days are simply good beach days; a variety of earthly forces align and the waves turn out to be perfect.

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AMN Reports Record Quarterly Revenue

AMN Healthcare Services Inc., the San Diego-based health care staffing company, reported net income of $35.5 million on revenue of $558.1 million in the second quarter of 2018.

San Diego Next Top Business Leaders Under 40 Finalists Preview #6

Preview of San Diego Next Top Business Leaders Under 40 Finalists

Business Events Calendar for Week of August 6, 2018

Events planned in the county for week of Aug. 6, 2018, and beyond.

Three EvoNexus Startups Have Something to Work With: Money

Three local startups based at EvoNexus’ La Jolla office have quietly raised funds this year. It was the first financing each of the companies reported having raised.

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From Personnel To Systems, Spending Is Likely To Deliver For San Diego

A just-passed, 1,322-page spending bill will let the U.S. Navy buy its fourth next-generation aircraft carrier, more Triton unmanned aircraft, a ship that doubles as an offshore military base and much more.

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You’ll Love the Sights From the Saddle or the Viewing Deck

At the easternmost edge of Encinitas, Lone Jack Road, the main road through the community of Olivenhain, hits a dead end. On the right, a tree-lined drive leads to an impressive iron gate with keypad access. Once the gate swings open, the road continues up the hill past large estate homes that were part of a development completed in 2001, to more custom estates on larger parcels at higher elevations.

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San Ysidro Recognizes Health Champions’ Role in Ensuring Care

San Ysidro Health held its annual gala, “Monte Carlo: A Night to Remember” recently at the Hilton San Diego Bayfront. The event hosted 600 guests and raised $400,000.

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Friday, August 3

San Diego Company Buys Oregon Apartment Complex

Portland complex has 202 units

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Kearny Mesa Office Complex Sold For $27.5M

Three-building campus was built in 1981

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Thursday, August 2

Age Becomes Issue for Boardroom Diversity

LEADERSHIP: Boards Need To Reflect New Biz Dynamics

When Priya Huskins joined the board of San Diego-based Realty Income Corp. in 2007 at age 36, the need to bring in younger directors to refresh corporate boards wasn’t necessarily a conversation taking place around the corporate world.

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Going Places

Tourism: Marketing Agencies Also Take Their Expertise on the Road

Just this June, three months after applying through a rigorous bidding process, San Diego-based Greenhaus, a destination marketing agency that specializes in placemaking and brand development for travel, tourism, hospitality and real estate, was selected to run the Visit Santa Barbara campaign, with hopes of boosting the Central California coast county’s presence as a top travel destination.

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Asset Acquisition Gives Cubic Greater UAV Presence

Cubic Corp. has acquired the assets of a small business that builds unmanned aircraft.

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#7 Fastest Growing Private Company

Special Report: Fastest-Growing Private Companies

It was his own battle with obesity that lead Drew Canole, founder of Organifi, down a path of educating others about making healthy choices and living healthy lives.

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#6 Fastest Growing Private Company

Special Report: Fastest-Growing Private Companies

Brand Value Accelerator — or BVAccel — is a digital design, development and marketing agency that helps online stores and retail point-of-sale systems generate greater sales. BVAccel saw a 424-percent growth from 2015 to 2017, with revenues last year coming in at $10.85 million.

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#5 Fastest Growing Private Company

Special Report: Fastest-Growing Private Companies

What’s better than being among the county’s fastest-growing private companies? Making the top 5 two years in a row.

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#4 Fastest Growing Private Company

Sean Zhao and Renee Loomis, the husband and wife duo behind the San Diego-based e-commerce shop Tickled Teal LLC., aren’t afraid of reinvention.

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Q2: Strong Ingrezza Sales Lift Neurocrine

Neurocrine’s Ingrezza — the first treatment for the nervous system disorder tardive dyskinesia — continues to rake in revenue.

San Diego Next Top Business Leaders Under 40 Finalists Preview #5

Preview of San Diego Next Top Business Leaders Under 40 Finalists

S.D. Hangs on to 2 Carriers as Navy Makes Shifts

Two aircraft carriers will continue to call San Diego home following changes announced by the U.S. Navy on Aug. 2.

Qualcomm Says IoT Revenue to Top $1B

Distribution channels for its IoT products reach more than 9,000 customers.

Q4: ResMed Revenue Up 12 Percent

San Diego-based ResMed listed fourth quarter revenue as $623.6 million, a 12 percent year-over-year increase.

Kratos Reports Revenue of $151M; Drone Business Grows

Kratos Defense & Security Solutions Inc. reported a net loss of $7.7 million on revenue of $151.2 million during the company’s second quarter, which ended on July 1.

Dexcom’s Stock Soars After Q2 Results

San Diego-based Dexcom’s stock hit $118.57 a share the morning of Aug. 2, up sharply from closing Aug. 1 at $95.44.

Wednesday, August 1

Evotek Expands Its Markets and Builds Up Its Business

TECH: Systems Integrator Adept in Cloud, Data Center

The world of enterprise IT — information technology for big organizations — has been very good to one San Diego company.

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Lobbies No Longer Just Welcome, Now They Aim to Wow Visitors

Downtown building lobbies are getting extra attention from owners as part of an overall drive to spruce up older buildings to compete with newer offerings.

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#3 Fastest Growing Private Company

Special Report: Fastest-Growing Private Companies

Keeping an in-house staff of tradesmen from carpenters to plumbers and quickly embracing new technology is the secret behind the meteoric rise in revenue for North County’s Level 3 Construction.

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#2 Fastest Growing Private Company

Special Report: Fastest-Growing Private Companies

Kevin Lustig calls an overnight success story a dozen years in the making.

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San Diego Next Top Business Leaders Under 40 Finalists Preview #4

Preview of San Diego's Next Top Business Leaders Under 40 Finalists

#1 Fastest Growing Private Company

Cashmere Nicole’s life is truly a “make something out of nothing” success story.

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Shipbuilder Austal Gets $14.8M Award

The U.S. Navy awarded Austal USA LLC a $14.8 million award to support the post-shakedown availability of the USS Tulsa, a littoral combat ship.

Connect Adds 2 to Staff to Bolster Accelerator Program, Business Development

New interim senior strategic advisor to Springboard program was Connect’s vice president of business creation and development from 2006 to 2015.

Balboa Executive Center Sold

Center was built in 1988 and since renovated.

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Former Church Property Sold

Property is zoned for residential and commercial development

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SDBJ INSIDER: Fast Feat Wins The Day at Brandathon

In his keynote address at the recent SDBJ 100 Fastest Growing Private Companies event, Tech Coast Angels – San Diego executive director Ashok Kamal referred to speed as the oxygen of any startup.

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