Stories for November 2018

Friday, November 30

Carlsbad Industrial Buildings Sold For $24.2M

Buildings are in Bressi Ranch Neighborhood

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Jack in the Box Explores Sales Options, Reports Reuters

This follows Jack in the Box’s sale of Qdoba earlier this year to private equity firm Apollo Global Management LLC for about $305 million cash.

Carlsbad Office Building Sold For $3.4M

Building is fully leased.

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Thursday, November 29

Manageable Technology Makes Aging in Place More Possible

HEALTH: Software Is Personalized, Even Capable Of Some Conversation

More than 87 percent of people 65 years or older want to stay in their current home as they age, according to a 2014 AARP survey. Among them: Dan Deninger and his wife, Cindy.

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Local Cos. Blend Tech and Health Care to Give Seniors Tools to Cope

Dan Deninger — an Oceanside senior unversed in computers or smartphones — dictates messages to his assistant, Lisa. She also chimes in with medication reminders, historical facts and what’s coming up on the calendar.

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Classy Breaks Giving Tuesday Record with $15.4M in Donations

Classy, a San Diego company that builds fundraising platforms for nonprofits, saw a record number of donations made to its clients on Giving Tuesday.

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New CEO Named at Sharp Healthcare

Sharp Healthcare has found a CEO to succeed Mike Murphy, who announced his retirement in April.

Solana Beach Firm Buys Las Vegas Shopping Center

Price was undisclosed

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Cubic Prices Follow-on Offering at $60 Per Share

Cubic Corp. priced a follow-on offering of 3.3 million shares of common stock at $60 per share, announcing the move late Nov. 28. Cubic plans to use proceeds to pay for its acquisition of Trafficware.

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S.D. Co. Buys Chino Hills Apartment Complex For $34.8M

Complex has 125 apartments.

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San Diego Firm Brokers Fresno Office Sale For $5.4M

Building was renovated in 2016.

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Wednesday, November 28

ViaCyte Gets $80M Series D for Diabetes Work

ViaCyte recently hauled in an $80 million Series D round to advance therapies that the company called a potential “functional cure” for Type 1 diabetes patients.

Network Smooths Way for Tracking, Trading

TECH: Bulk of Funds Stem From ICO; Co. Issues Utility Tokens

Conference-goers streamed into the back of the conference room at the InterContinental San Diego. Decked out in branded T-shirts, socks and hats, they watched as XYO Network’s founders stood on the stage, lit up in pink and yellow.

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San Diego’s Moxy Hotel Opens

Developed with San Diego-based J Street Hospitality and Azul Hospitality Group, Moxy San Diego is a nine-story, 126-room, millennial-minded boutique hotel in San Diego’s Gaslamp Quarter.

MaxLinear Names 2 Board Members

MaxLinear Inc., a fabless semiconductor company based in Carlsbad, increased the size of its board and named two new directors, Daniel Artusi and Carolyn Beaver.

Mesa Biotech Test Obtains FDA Clearance

A respiratory test from San Diego-based Mesa Biotech recently received U.S. Food and Drug Administration clearance and a key waiver.

Qualcomm launches $100M AI fund

Qualcomm plans to invest $100 million into artificial intelligence startups, focusing on companies withe edge AI capabilities.

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Self-storage Complex Sold For $19.1M

Complex has 88,000 square feet of rentable space.

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Financing Arranged For Vista Apartment Project

Project will be a joint venture arranged by HFF

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Tuesday, November 27

Changing Tastes, Millennial Market, New Laws Put Distillers in Good Position

Millennials, roughly ranging in age from 21 to 34, may seem relatively young and inexperienced in comparison to baby boomers.

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Seismic Taps CFO Who Helped Take ServiceNow Public

Seismic hired John McCauley, the former director of finance for ServiceNow, as its first CFO.

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Japan Global Hawk Program Gets a Boost

The U.S. Air Force awarded Northrop Grumman Corp. a $490 million contract to build three Global Hawk autonomous spy aircraft for Japan under a foreign military sale.

Otay Mesa Land Sold For $4.8M

Property is approved for 143 residential units.

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Matter Real Estate Starts Las Vegas Project

Light industrial, office and warehouse project will be 132,450 square feet

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Electric Car, Hybrids Gaining in Popularity in the County

AUTOS: New Car Report Shows Toyota And Honda Top Sellers

Electric vehicles are making inroads in San Diego County.

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Jecure Therapeutics Acquired

San Diego-based Jecure Therapeutics and its inflammatory disease platform has been snapped up by Genentech, it was announced Nov. 27.

San Diego Developer Completes $18.9 M Indiana Healthcare Project

Long-term care center converted to rehabilitation hospital

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Wisconsin Company Buys Biomatrica

Biomatrica — started in 2005 by husband-and-wife scientists who invented a preservative for keeping DNA and other biological samples at room temperature — was acquired last month by Exact Sciences Corp.

Licensing Deal Gives Arena Cash for Pursuing Its Pipeline

Arena Pharmaceuticals on Nov. 15 announced a drug licensing deal that provides the company with ample cash to devote to other medicines in its pipeline.

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Monday, November 26

Brain Corp., SoftBank Team up to Build Robotic Vacuum

San Diego-based AI startup Brain Corp. plans to launch a new autonomous vacuum cleaner in Japan.

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Cubic to Sell More Shares

Cubic Corp. announced on Nov. 26 that it plans to make a follow-on offering of 3.3 million shares of common stock, partially to pay for its October acquisition of Trafficware.

Mitek’s CFO Walks Back Resignation

Mitek System's CFO rescinded his resignation from the San Diego software company.

With Office Expansion, Procopio Seeks More Startups for LaunchPad Incubator

Procopio is seeking more startups to join its incubator for tech startups, LaunchPad.

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Mirum Team Is on Familiar Ground With Liver Drug Effort

In 2014, pharmaceutical Shire bought San Diego company Lumena and its lead drug candidate, called maralixibat. Now maralixibat is back in the hands of former Lumena talent.

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Grant Supports Salk Team’s Cutting-Edge Alzheimer’s Studies

A team of Salk Institute researchers has been awarded $19.2 million to study interactions among brain systems thought to underlie disorders like Alzheimer’s disease. Sparking new therapies is another goal.

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Biotech Coworking Site Is Taking Applications

High demand for biotech startup space convinced BioLabs San Diego to open a second facility in the UTC area of San Diego.

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San Ysidro Land Sold For $2M

Land is zoned for mixed-use and multi-family development

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Sunday, November 25

Portfolio Buy Is Ticket To Life Science Sector

PROPERTY: Development Co. Enters With Plans, Experience

A Boston development company — Longfellow Real Estate Partners — that specializes in developing life science campuses is establishing its first West Coast presence in San Diego with the $112 million purchase of 12-buildings in Sorrento Valley.

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Dexcom to Pay Verily $250M in Stock Through Amended Deal

San Diego’s Dexcom will pay $250 million in stock to Verily – a subsidiary of Google parent company Alphabet – as part an amended deal.

Symbotic Closes Oceanside Plant

Symbotic, a company that develops autonomous robots for warehouses, will close its plant in Oceanside.

Lab Gives Startups Direct Route to Airport

TRAVEL: Incubator Looks to Help Cos. and Airports Tap Innovation

A small crowd filed in between the baggage claim and ticket desks at the San Diego International Airport. It wasn’t part of the airport’s annual Thanksgiving rush, but arrived instead to watch five startups deliver their pitches.

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SDBJ INSIDER: This Founder Seeking Time To Chill Out

How many irons do you have in your fire? Probably not as many as Dylan Whitman.

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Business Events Calendar for Week of November 26, 2018

Business events scheduled in the county.

Philanthropy: CAF Can Take a Victory Lap Following A Successful Month

In celebration of its 25th anniversary, the Challenged Athletes Foundation announced it raised $3.2 million during a two week period in October 2018 as a result of three signature fundraising events: The Million Dollar Challenge Bike Ride, Aspen Medical Products San Diego Triathlon Challenge and YMCA of San Diego County Tour de Cove.

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Leasing Begins at Manchester Pacific; Wide Variety of Tenants Expected

With construction just starting on his $1.5 billion development along the downtown San Diego waterfront, developer Doug Manchester has hung up a for lease sign.

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Housing Projects Targets Homeless, Low-Income

Two new affordable housing projects are in the works, including a $172 million East Village mixed-use project by Father Joe’s Villages and Chelsea Investment Corp. that will have 273 apartments and a new home for the Head Start Program.

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Aerospace Site Is History as It’s Redone for Office/Warehouse

PROPERTY: Central Location Is Selling Point For Last-Mile Uses

Five Kearny Mesa industrial buildings that were once home to the aerospace manufacturer Pratt & Whitney have been transformed into an office and warehouse campus.

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Founders Share Their Funding Strategies

Finding funding is tough. The challenge can be especially daunting as a startup seeking its first investor to write a check. Four San Diego founders shared their advice for landing that first deal.

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Chinese Investment Continuing in CRE Market

Over the past year, there has been continued speculation that mainland Chinese consumers will continue to decrease their commercial property purchases in San Diego and nationwide amid the Chinese government’s stricter capital controls, tightened regulatory scrutiny, China’s economic slowdown and the country’s escalating trade war with the U.S.

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Translation Cos. Define Themselves With Work

SERVICE: Contractors Play Big Role in $30B Market

Sayed Ali’s face is something to behold. Ten seconds ago, a reporter asked him for the most obscure language his business deals in. Taking a few steps through his Scripps Ranch office, he stops at a low cubicle wall and consults the woman on the other side.

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Restaurant Chain Wants Each Eatery to Have Its Own Flavor

DINING: Food, Art and Welcoming Environment Make an Impression

When San Diego-bred brothers Alex and Eric Adler first had the idea of opening a Mexican-inspired restaurant almost a decade ago, their immediate inclination was to create an upgraded version of the traditional Southern California hole-in-the-wall taco shop.

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Local Startups in Airport Innovation Lab Tackle Parking and Baggage

The San Diego International Airport is looking to make parking, and hauling luggage between trips, less of a pain. Its new Airport Innovation Lab graduated its first cohort of startups Nov. 14, all of which focused on improving one of these two pain points.

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Open Concept Takes You Inside and Outside in Elegant Style

The drive into the neighborhood known as the “Muirlands” in La Jolla is a rich visual journey into its early architectural history and a foretaste of its evolving future.

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ScaleMatrix, HPE Open High-Performance Computing Center

ScaleMatrix, a San Diego-based data center company and provider of colocation services, launched a partnership with Hewlett Packard Enterprise (HPE) on Nov. 13.

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More Big Opportunities Ahead For Cubic’s Transportation Unit

Cubic Corp. scored big wins in fiscal 2018, pulling down contracts for mass-transit fare collection systems in New York, Boston, the San Francisco Bay Area and Brisbane, Australia.

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Year-Over-Year Home Sales Drop 17%

Home sales were up ever-so-slightly in October in San Diego County compared with September but still lag far behind where they were a year ago, according to the Greater San Diego Association of Realtors.

Thursday, November 22

Certona Eyes Adjacent Markets, International Expansion

Years of steady growth carried Certona from its beginnings as a tech startup in small warehouse space to one of San Diego’s top software companies.

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AttackIQ Names New CEO

A San Diego cybersecurity company named a new CEO on Nov. 20, after making its founder chief technology officer of the company.

Nonprofit LISC Looks to Give Little Saigon Chance to Develop

FINANCE: Banks Back Efforts; Infrastructure and Housing Part of the Plans

Many years into the future, when out-of-town visitors decide they want to grab a great bowl of pho, they may head en masse to San Diego’s Little Saigon district — just as today’s tourists go to Little Italy for pasta.

Navy Property Is Prime Space In Search of New Purpose

With its sawtooth roofline and its big, multipaned windows, the old Consolidated aircraft factory looks like something from a black-and-white movie. The U.S. Navy, which owns it, thinks the 48.7 acres beneath it could go to a better use. The same goes for 21.8 acres nearby holding a warehouse and parking lot.

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Mission Valley Is Hot for Office Projects, Which in Turn Bring More Multifamily

Mission Valley is about to undergo a surge in office redevelopment.

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Apartment Complex Sold For $2.2M

Complex has nine apartments.

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Poway Office Building Sold For $2.3M

Building has 11,050 square feet of space.

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Apartment Complex Sold For $4M

Complex has 16 apartments.

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Tuesday, November 20

San Diego bank with a crypto focus files for $50M IPO

Silvergate Bank's parent company, Silvergate Capital, filed for a $50 million IPO on Friday.

Company Adds Fifth Ingredient to Beer: Data

SOFTWARE: More Than 100 Data Points Tracked In Brewing Biz Processes

Water, hops, grain and yeast. Pulkit Agrawal became familiar with beer’s four main components while working for San Diego’s largest brewery, Ballast Point.

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Top Business Women to be Honored

The San Diego Business Journal and charity partner, the American Heart Association, will recognize women business leaders who have contributed significantly to San Diego’s workplaces and communities at an event next month.

DJO Global Acquired for $3.15 Billion

Change is blowing through DJO Global, after the medical device company announced plans this summer to relocate from San Diego to Texas. Then came news on Nov. 19 that DJO was acquired for $3.15 billion.

Monterey Financial Holdings, LLC, Appoints New CEO

Chris Hughes, who recently served as president and CEO, will assume the role of Executive Director.

Mitek’s Activist Investor Pushes for Exemption from 'Poison Pill'

Elliott Management Corp., the activist investor whose portfolio company is trying to acquire Mitek Systems Inc., urged Mitek to lift a measure that could prevent a hostile takeover.

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Carlsbad Chamber of Commerce Names Bret Schanzenbach as CEO

Prior to joining the Carlsbad Chamber of Commerce, Schanzenbach served as CEO of the Vista Chamber of Commerce since 2009.

BLT Enterprises Acquires Vista Building For $31.1M

Property includes land available for future development.

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Monday, November 19

Delivery Apps Bring Fresh Challenges to the Dining Scene

FOOD: As Eateries Struggle To Make Profit With Tech, Ghost Restaurants Open

The boom in food delivery apps available in San Diego has mushroomed exponentially the last several years. And, data shows they aren’t going away anytime soon.

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SDBJ INSIDER: Internet Bank Has New Home With Quite a View

San Diego’s high flying digital banking trendsetter has made it to another peak, this one on top floors of the Pacifica Tower at The Plaza office center in UTC.

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Cleaning Co. Sees Chance to Shine By Tackling Dirty Jobs

Good customer service goes a long way. Just ask Green Guard Services Inc. President and CEO Nathan Leathers.

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Cibus Files for $100M IPO

Cibus – a San Diego company that uses gene editing to select desirable plant traits – is seeking $100 million through an initial public offering.

Ehrich Named CMO of Expansion Therapeutics

Elliot Ehrich, previously with Alkermes Plc, is the new chief medical officer of San Diego biotech startup Expansion Therapeutics.

Santee Industrial Center Sold For $5.4M

Suites are 1,000 square feet.

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Sunday, November 18

Carlsbad Logistics Startup Takes Off with $20M Funding Round

Airspace Technologies, a Carlsbad logistics startup, closed a $20M series B round.

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Labor Dispute Prompts Two Weeks Cancellation for National Lacrosse League

The team’s inaugural home game will now be on Jan. 12, against the Rochester Knighthawks at Valley View Casino Center.

Qualcomm and Apple Playing With Fire in Lawsuits

LEGAL: Key Legal Rulings Are Expected in 2019

Qualcomm Inc. and Apple Inc.’s all-out patent war faces a legal crossroads next year.

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Arthritis Drug Is Big Test for Samumed

MEDICINE: Co. Following Own Path on Investors, Valuation

Samumed emerged two years ago with a mission of regenerating hair, skin and joints, valued at a head-turning $12 billion.

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San Diego VCs Hit the Road in Investment Show

Four San Diego investors launched their own reality TV show, "VCs in a Van," showing how startup investments take place offstage.

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LRAD Makes $3.2M Sale

Rancho Bernardo-based LRAD Corp. said it received a $3.2 million order from the National Guard for an undisclosed number of 100X MAG-HS kits, one of its high-decibel sound systems able to send intelligible communications over very long distances.

Business Events Calendar for Week of November 19, 2018

Business events scheduled in the county.

Report: Jobs Increase in Life Sciences Sector

Employment in the life sciences sector in San Diego County rose 15.4 percent year over year, according to a recent report.

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Benefit Attendees Applaud, Assist Scripps’ Lifesaving Role

More than 300 people attended the third annual benefit concert for Scripps Memorial Hospital Encinitas recently at the Belly Up Tavern in Solana Beach.

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CRE Markets Don’t See Downside As Sectors Keep Flourishing

PROPERTY: Strong Labor Market, San Diego’s Popularity Stoke Momentum

Commercial real estate in general is booming in San Diego, with many brokers expecting a strong finish to 2018 in most sectors.

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Co.’s Printing Technology Gives It New Capabilities, New Focus

Forecast 3D liked its new, industrial-sized printing machines so much, it got more.

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Some Areas Still Have Not Recovered From Housing Crisis

San Diego neighborhoods that were hardest hit by the housing crisis have yet to recover.

Westcore’s $11.6M Auction Bid Is a Winner in Many Ways

A prime piece of Sorrento Valley real estate has been scooped up by Westcore Properties, which is still figuring out what to do with it.

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The Missed Opportunities From A Lack of Diversity Are Costly

Leaders of San Diego startup and investment organizations shared what they are working on to advance representation through their work, and what opportunities they see in San Diego. They shared their thoughts during a Nov. 13 panel discussion hosted at Connect’s offices downtown.

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Thursday, November 15

Arena Nets $800M Upfront in Licensing Deal

Arena Pharmaceuticals on Nov. 15 announced a drug licensing deal that provides the company with ample cash to devote to other medicines in its pipeline.

New Plan Aims to Equip Underutilized Workforce For Innovation Economy

San Diego County faces a steep challenge when it comes to preparing enough workers with the right skills to fill high-tech jobs in the coming decade, a recent study found.

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Co. Catches the Fish, Then Tries to Hook Customers

FISHING: Awarded Grant To Promote Consumption Of Wider Selection of Fish

One fish, two fish .... The Dr. Seuss storybook title pretty much sums up how Dave Rudie came across his latest fish discovery: opah.

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After First Flight, Airline Looks to Connect With More Travelers

For Solana Beach resident, Sheila Olinger, the convenience of flying out of an airport that is smaller, closer to home and has $5 all-day parking made taking the first-ever California Pacific Airlines flight Nov. 2 from Carlsbad’s McClellan-Palomar Airport a no-brainer.

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Demographics Lead Developers to Senior Housing Projects

PROPERTY: Older Homeowners Can Use Equity in Home for Move

Senior living projects are popping up at an increasing rate in San Diego County as developers hope to tap an exploding market which many said is vastly underserved.

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ScaleMatrix, HPE, open high-performance computing center in San Diego

San Diego data center company ScaleMatrix will partner with Hewlett Packard Enterprises to open a new center for hybrid high-performance computing.

GA-ASI to Build Aircraft for Australia

General Atomics Aeronautical Systems Inc. announced it has reached a deal to provide its MQ-9 unmanned aircraft to Australia. GA-ASI builds its Predator family of aircraft in Poway.

Connect Names New Board Chair

Tim Scott, CEO of TEGA Therapeutics, will serve as Connect's new chair of the board of directors.

Cubic’s Annual Sales Climb to $1.2B

Cubic Corp. closed out its 2018 fiscal year reporting annual net income of $12.3 million on record net sales of $1.2 billion. It said it expects sales to grow in fiscal 2019.

Multi-family Project Sold For $2.6M

Property includes apartments and single-family homes.

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Wednesday, November 14

OncoSec’s Korean Ties Draw Attention in U.S. and S. Korea

Japan sticks out as San Diego biotech’s most valuable international trading partner. Elsewhere in Asia, regional biotechs like Tocagen are gaining a foothold in China through partnerships with Chinese firms.

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Cos. See How Their Ideas Play Out in ‘The Sandbox’

San Diego investor Shayne Skaff has launched a new incubator for software and data science companies. Dubbed, “the Sandbox,” the program is aimed exclusively at software-as-a-service companies, machine learning, and other data-heavy applications.

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Kearny Mesa Building Sold For $18M

Building was extensively renovated.

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Cruzan Acquires Carlsbad Commercial Center

Center has eight buildings.

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StemGenex’s Marketing, Manufacturing Draw FDA Warning

StemGenex Biologic Laboratories recently drew a warning letter from the U.S. Food and Drug Administration over manufacturing practices and the marketing of an unapproved stem cell therapy.

San Diego Defense Sector Benefits From New F-35 Order

San Diego County stands to get approximately $450 million worth of work from the Pentagon’s latest order for F-35 Lightning II aircraft, also known as the Joint Strike Fighter. The main beneficiary is Northrop Grumman.

Puesto’s Co-Founder Named to Forbes’ 30 Under 30' 2019 List

25-year-old Adler is the only local entrepreneur to make the list this year.

Report: S.D. Wine Industry Generated $50M

The 13-page review shows the local wine industry generated $50 million in overall economic impact, a $19.6 million increase from 2016.

Petco Cuts Out Artificial Ingredients from Pet Food

Starting in January, Petco will remove dog and cat foods and treats with artificial ingredients from store shelves and e-commerce.

Tuesday, November 13

Synthorx Files for $100M IPO

With a pipeline that activates tumor-fighting immune cells, Synthorx looks to raise $100 million through an initial public offering.

Power-Sonic Charges Ahead After Acquisition

PRODUCTION: Battery Maker Increases Revenue, Monitors Tariff Situation

Like any good salesman, J.D. Johnson reacted when he heard on the early morning news that Lime was having trouble with its scooter batteries.

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SDBJ INSIDER: Homeless Advocate Ups Commitment; SDSU Owes Thanks

Longtime homeless advocate Michael McConnell announced that he has transferred his share of ownership in San Diego Coin & Bullion to co-owner Chad Martin in order to devote more time to his civic passion and quest to develop permanent housing solutions.

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Co. Busy Meeting Need For Affordable Housing

PROPERTY: Chelsea, Affiliate Prove Themselves on Projects

As a college student, Jim Schmid wanted to become a history professor.

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Calpine Receives $67M Navy Energy Deal

San Diego-based Calpine Energy Solutions LLC received a three-year, $67.3 million contract to deliver retail electricity and ancillary services to U.S. Navy bases in Illinois, Pennsylvania, Maryland and California. to Open an Office in Japan

The San Diego-based company recently experienced growth in its Japanese clientele, which includes several large pharmaceuticals.

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44 National Olympic Committees Qualify for ANOC World Beach Games 2019

Shortboard surfing, 3X3 basketball, beach handball and individual kata have all hosted qualification events already.

Vista Industrial Building Sold For $3.7M

Building is in the Vista Business Park

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Monday, November 12

NIH Grant Puts Wind in Kaer Biotherapeutics’ Sails

Kaer Biotherapeutics of Escondido received a $2 million grant from the National Institutes of Health to help develop a device for people who can't breathe.

Caterers Put More Tasks on Their Plate To Profit Year-Round

It was shortly before the Great Recession of 2008-2009 that Tracy Zemke, founder of Personal Touch Dining catering company, switched her business’ focus from corporate events to weddings.

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S.D. Student-Run Fund Buys $1M in Equity From Applied Biosciences

An investment fund created by three San Diego college students invested $1 million into a Los Angeles cannabinoid therapeutics company.

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Partnership Lets S.D. Startup Put Sensors on Blockchain

Conectric, a San Diego startup, started off designing sensors to reduce hotels' energy costs. Now, it's developing a blockchain IoT solution with a Swiss company.

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S.D. Firm Acquires Portland Project For Nearly $28.8M

Mixed-use project has three buildings

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Ventura Industrial Center Sold by S.D. Brokers For $5.1M

Property has xix buildings

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Apartment Complex Sold For $2.6M

Complex is fully gated

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Executive Q & A: For Classy, First Billion Is Just a Good Start

Classy, a San Diego-based fundraising platform for nonprofits, recently crossed the $1 billion mark in funds raised — a major milestone for the company.

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Sunday, November 11

Heron Therapeutics Reports Quarterly Results

San Diego-based Heron Therapeutics recently reported a quarterly loss of $38.3 million, or 49 cents per share.

Phil’s BBQ to Temporarily Close Sports Arena Location

The temporary closure will affect approximately 115 employees, although Phil’s is offering limited opportunities to work at other locations.

San Diego Medical Device Startup Wins CES Honors

San Diego medical device startup Triple W was honored by CES for its wearable device intended to help users with urinary incontinence.

Petco Foundation Announces $2.5M to Support Veterans

The Helping Heroes annual campaign will help cover training and placement of former shelter dogs with veterans with physical and emotional disabilities like post-traumatic stress disorder (PTSD).

Local Biotechs Battle Superbugs, While Facing Business Challenges

HEALTH: Region Has Talent, Grants, And Track Record for Fight

In a race to combat antibiotic resistance, big pharma bailed. Investors are skeptical. But Forge Therapeutics isn’t deterred.

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Bridgepoint Education Has Net Income of $4M in Quarter

Bridgepoint Education Inc., the San Diego company specializing in postsecondary education, reported net income of $4.3 million on revenue of $114.9 million during the third quarter.

Business Events Calendar for Week of November 12, 2018

Business events calendar for the county.

Philathropy: Miracle Babies’ Supporters Show and Share the Love

The ninth annual Miracle Babies gala, themed “Minuit à Versailles,” took place recently at the Rancho Valencia Resort & Spa.

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Renovation Brings Creative Office And New Tenant to Sorrento Mesa

Renovating a Sorrento Mesa office building paid off in a big way for Montana Avenue Capital Partners, LLC.

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With Big Assist From Nature, Design Delivers Dream Home

The drive northward up Ingraham Drive from Garnet Avenue in Pacific Beach quickly rises from about 70 feet above sea level to nearly 300 feet above sea level in just under one mile. As Ingraham Drive turns into La Jolla’s Foothill Drive, off to the east is a secluded neighborhood of homes with drop dead coastline and bay views.

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Study Shows Need to ‘Unlock Economic Potential’ of Workers

San Diego has untapped potential to contribute to the local economy among millennials, veterans, women and minorities, a recent analysis produced by the San Diego Regional Chamber Foundation has found.

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Military Economic Impact in County Estimated to Be $50 Billion

DEFENSE: Study Forecasts Additional 3.7% Growth In Fiscal 2019

Sailors and Marines. Ships, aircraft and military machinery. That is San Diego, yesterday and today.

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Thursday, November 8

Quarter Brings Stock Sale, Net Loss for Maxwell

With a third-quarter net loss of $9.7 million on revenue of $33.7 million, ultracapacitor-maker Maxwell Technologies Inc. hopes a changing business model means better times ahead.

Business Intelligence Is a Must in Defense Sector

DEFENSE: Knowing Inside Machinations Helps in Planning

Every year, San Diego defense and aerospace companies spend six-figure sums on lobbyists, who represent their clients before government leaders in Washington, D.C.

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Pitch Competition Organizers See Money, Momentum Increasing

After a record-smashing John G. Watson Quick Pitch competition, the three entities that went in on this year’s contest are aiming for an even taller goal.

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After Millennials Move Into Downtown, Companies Follow

PROPERTY: Tech Cos. Pursue Young Talent, Vibrant Environment

A rash of new apartment construction in downtown San Diego is having an unexpected side effect of ratcheting up demand for downtown office space.

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Certona moves into new Sorrento Valley HQ

Certona, a fast-growing San Diego software company, moved into a new Sorrento Valley headquarters.

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Irvine Co. Buys Del Mar Heights Office Building

Building is the latest of several recent acquisitions by Irvine Co.

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Vista Industrial Building Sold For $2.6M

Building is in the Sycamore Business Center

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Wednesday, November 7

Life Sciences Show That It’s Never Too Early to Be Heard

GOVERNMENT: From Reimbursement to Education, Efforts Made

Samumed has yet to put a drug on the market, but the company wants the ear of osteoarthritis policymakers and advocacy groups.

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Sempra Interests Stretch From Trade to Climate

ENERGY: With Most All Moves Regulated, Co. Weighs In on Issues

Lighting San Diego’s homes. Moving electricity around California and Texas. Sending natural gas through pipelines. Building infrastructure to export liquefied natural gas to foreign ports. Those are only part of what Sempra Energy does to stay in business.

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Mirum Pharmaceuticals Launches with $120M Round

San Diego-based Mirum Pharmaceuticals surfaced Nov. 7 with a $120 million Series A round – and plans to take a liver drug candidate into final-stage clinical trials.

Sempra Earns $274M in Quarter, Signs Customers to Baja LNG Plant

Sempra Energy reported earnings of $274 million, or 99 cents per share, on total revenues of $2.94 billion in the third quarter of 2018. It also announced new customers for its liquefied natural gas (LNG) export business.

Qualcomm forecasts more headwinds from Apple

Qualcomm Inc. beat analyst expectations with its fourth-quarter financial results, but offered weak guidance for next year, with the absence of purchases and licensing fees from Apple Inc.

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Jack in the Box to Lay Off 66 Employees

The positions being eliminated are in areas including IT, finance & accounting, supply chain, and in the human resources and legal departments, company spokesperson Brian Luscomb said.

Jerome’s Furniture Opens Second Dream Shop in Orange County

The store, located in Santa Margarita Towne Center, marks the seventh stand-alone mattress location following the success of previous stores.

Stos Partners Acquires Laredo Industrial Buildings For $88M

Portfolio includes eight buildings

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University Heights Complex Sold For $2.3M

Complex has eight apartments

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Tuesday, November 6

Kratos Earns $1.7M on Revenue of $159M

Kratos Defense and Security Solutions Inc., which builds electronics and drones, reported net income of $1.7 million, or 2 cents per share, on total revenues of $159.4 million in the third quarter.

Co. Seeks to Cover Public Policy Bases

TECH: Qualcomm’s Tech Operates in Heavily Regulated Climate

With its $6 million lobbying budget for 2018, Qualcomm Inc.’s spending to date far outpaced its industry peers.

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A New Steakhouse On The Dining Scene Raises Questions About Market Saturation

During an exclusive hard-hat tour in October of the then soon-to-be-opened $10 million Del Frisco’s Double Eagle Steakhouse at the InterContinental San Diego hotel in downtown, general manager Michael Manoocheri stated: “There are steakhouses in every corner in this area, but, we hope to stand out by the ambience we’ve created.”

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SDBJ INSIDER: Few Are Worthy Of the Coveted Trident Paddle

Thanks to Stephanie Brown and The Rosie Network, for the second straight year we handed out the coolest business trophies in the market at our recent Veteran & Military Entrepreneur Conference and Awards.

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Mitek names new CEO

Mitek Systems named a new CEO, Max Carnecchia, to lead the company.

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Dexcom Revenue Rises 44 Percent in Q3

Dexcom’s revenue and net income shot up in quarter three results after the successful launch of its G6 diabetes monitoring system.

Judge Rules Qualcomm Must License Tech to Competition

A U.S. district judge ruled in favor of the FTC in its antitrust case against Qualcomm.

Q3: Neurocrine Reports Rising Drug Sales

San Diego biotech Neurocrine reported $151.8 million in quarter three revenue, a 150 percent year-over-year increase.

Monday, November 5

San Diego, CyberTECH Launch $50K Smart City Competition

The City of San Diego, CyberTECH and ConsenSys will launch an accelerator program and pitch competition for smart city startups.

MEI Pharma Receives $10M Up Front in Licensing Deal

San Diego-based MEI Pharma licensed its drug candidate to Japanese company Kyowa Hakko Kirin, receiving $10 million up front, with an additional $87.5 million in development milestones and sales royalties possible if the drug wins approval in Japan.

Fiscal Policy Now On Front Burner at Scripps

HEALTH: Aim Is to Rely Less on NIH and More on Its Programs

Scripps Research’s latest annual statement shows a higher operating deficit than years past, but management predicted stronger financials amid a shift in direction.

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Viasat Gives to UC San Diego, Delves Into Design Thinking

Viasat Inc. has given UC San Diego’s Design Lab $250,000 to support the lab’s Center for Design-Driven Transformation. The center, in turn, will help Viasat transform its business processes.

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ResMed to Buy MatrixCare for $750M

Medical device company ResMed looks to expand its software-as-a-service business through a recently announced acquisition.

Cohu Starting to Achieve Synergies After Acquisition

Cohu Inc. reported net income of $4.8 million or 16 cents per share on net sales of $86.2 million during the third quarter. The Poway based corporation also offered an update on its acquisition of Massachusetts-based Xcerra.

Mitek Rejects Takeover Bid from ASG Technologies

Mitek's board rejected ASG Technologies' takeover bid for $425 million.

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Pacifc Beach Multi-family Complex Sold For $5.5M

Complex includes 12 units in five buildings.

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Sunday, November 4

National City Apartments Sold For $4.2M

Complex has 24 apartments.

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MG Finds Formula for Buying Apartment Properties

As an accountant, Mark Gleiberman dabbled in real estate in the mid-1980s — developing a triplex and a nine-unit apartment building in San Diego’s College area.

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Illumina Aims to Increase Sequencing Dominance with $1.2B Planned Acquisition

Illumina is poised to acquire niche competitor Pacific Biosciences for $1.2 billion, a deal analysts say would fortify Illumina’s dominance in genomic sequencing.

New CEO Turns Around Advertising Startup for Auto Dealers

Tom Eaton, CEO of local startup Nivin, is looking to get the advertising company for software dealers back on track.

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California Pacific Airlines Takes Flight

The airline debuted Nov. 2 with a flight to San Jose.

Guild Mortgage Volume Grows 9 Percent in First 9 Months

Growth in seven states helped push San Diego-based Guild Mortgage Co. ahead of its peers during the first three quarters of 2018. Total volume grew 9.3 percent to $12.75 billion.

Business Events Calendar for Week of November 5, 2018

Business events planned in the county

On the Battlefield, AI Can Improvise, Adapt and Assist

Viasat Inc. plans to deliver artificial intelligence and machine learning to soldiers on the battlefield. The question I had was why.

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Mitek Plan Seen as ‘Poison Pill’ to Deter Acquisition

TECH: Co. Doesn’t See Good Fit With Most Likely Buyer

Mitek Systems Inc. adopted a shareholder rights plan that could make a company takeover a tough pill to swallow.

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Office Project Aims to Speak to Little Italy Audience

A Little Italy office building that’s undergoing a major overhaul got its first tenant with renovation work still far from finished.

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Philathropy: The Muse Moves Art San Diego to Help

San Diego’s largest contemporary fine art show, Art San Diego, kicked off its 10th Anniversary with IMPACT night, a VIP Preview Party hosted by sponsor UBS Financial Services. The evening raised funds for Rady Children’s Hospital, Monarch School, HEAL and Generation Hope. The show was held at the Del Mar Fairgrounds’ Wyland Center.

Beauty and The Beach

The home at the bottom of 15th Street across from Seagrove Park in Del Mar is an archetype of the best of Del Mar’s past merged with its dynamic current spirit.

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Halozyme Licenses Drug Delivery Technology to Roche

Halozyme Therapeutics is expanding the reach of its platform that delivers drugs under the skin, intended to do away with lengthy infusions.

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Typical Family Needs 15.4 Years To Save for Down Payment

Saving enough money to make a down payment on a single-family home in San Diego is far more challenging than in many other major cities, and much harder than it used to be.

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Public-Private Partnership On Display in Otay Development

South County will get a new affordable apartment project with the 42-unit Pacific at Playa del Sol in Otay Mesa at the corner of Ocean View Hills Parkway and Avenida Playa del Sol.

Supervisors Approve Update of McClellan-Palomar Master Plan

Early October, the San Diego County Board of Supervisors approved the McClellan-Palomar Airport master plan update. The 20-year plan includes: installation of an engineered materials arresting system at both ends of the runway at the Carlsbad airport; shifting the runway to the north by 123 feet to increase the separation distance between the runway and the taxiway; and extending the runway, possibly in phases, by up to 800 feet for a maximum of 5,700 feet.

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Bills Seek to Loosen Distilled Spirits Controls

Ever have a taste for a whisky on the rocks while searching for your shirt size in a store rack? Or the desire to have a rum-and-Coke cocktail while at a shopping center common area?

Salami Co.’s New Facility Paying Off In Increased Production and Sales

For Marco Terenghi, chief commercial officer of Olli Salumeria, making salami for the Oceanside-based company is like a scientific experiment for general relativity.

Thursday, November 1

Partners Plan Electric Vehicle ‘Hub’ Downtown

Arcimoto Inc., which produces three-wheeled electric vehicles capable of carrying two people, said it plans to open a rental location, showroom and charging station at 630 10th Avenue in downtown San Diego.

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Cloudbeds’ New HQ brings Global Focus to San Diego

Fast-growing startup Cloudbeds opened its new headquarters in Banker Hill.

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Viasat 2Q Revenue Grows 32 Percent

Viasat Inc. saw its second quarter revenue grow to $517.5 million from $393.1 million in the same quarter one year ago, an increase of 31.6 percent. Shares rose 11 percent.

Illumina to Buy Pacific Biosciences for $1.2 Billion

Illumina is poised to acquire Pacific Biosciences for $1.2 billion, a deal Illumina says will pave the way for a more complete view of the genome.

Faced with $425M Takeover Offer, Mitek Hits Record Revenues

ASG Technologies Group made public its offer for Mitek Systems, valued at $425 million.

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AMN Healthcare’s Stock Rises on Strong Q3 Results

AMN Healthcare reported jumps in revenue, gross profit and other metrics in quarter three results, boosting the company’s stock.

University Heights Apartments Sold For $2.2M

Building has eight apartments

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