Stories for May 2019
Thursday, May 30
Up to $35 Million Awarded to Consortium Led by La Jolla Institute Scientist
A global effort to combat viral threats like Ebola that’s headed by a San Diego professor has been awarded up to $35 million.
Inventor Takes the Stylish Route With Twist It Up Comb
STARTUP: ‘Shark Tank’ Boosts Interest; Co. Battles Knock Offs
Founded in 2016 by CEO Noel Durity, a San Diego-based real estate broker, Twist It Up Comb came about after Durity realized using an actual tennis racket in a circular motion to twist his afro-centric hair was not only functional, but also cost-effective and sanitary; most twisting products currently in the market are porous sponges that tend to wear out after time.
Development Puts Otay Ranch on the Map
HOUSING: Rare Affordability, Variety Offered at Huge Long-Term Project
With some of its neighborhoods nearly butting up against the border with Mexico, Otay Ranch was once thought to be too remote by some homebuyers, too long a commute for people working downtown, and even thought by some to be part of Mexico.
Scientist.com Deal with 5AM Ventures Creates Marketplace for Biotech Startups
Solana Beach-based Scientist.com built an online marketplace for startups linked to 5AM Ventures that allows the early-stage firms to put specialty biotech services out to bid.
San Diego Restaurants Make Michelin Affordable Restaurants List
Cucina Sorella in Kensington and Cucina Urbana in Bankers Hill, El Jardin in Point Loma, Juniper & Ivy in Little Italy, Kettner Exchange also in Little Italy, Lola 55 in the East Village and Solare at Liberty Station all made this year’s list.
SD 500: Sheila Gujrathi
Dr. Sheila Gujrathi serves as president and CEO of Gossamer Bio, a biopharmaceutical company she helped launch earlier this year, with $100 million in Series A funding.
SD 500: Nathan Rogge
Nathan Rogge joined Bank of Southern California in 2008, just seven years after the growing community business bank was established with headquarters in San Diego.
La Jolla Apartments Sold For $2.5M
Complex has five apartments.
Wednesday, May 29
Construction Software Startup eSUB Raises $12 Million
eSUB, a San Diego-based company that makes project management software for subcontractors, raised $12 million.
JetBlue Operations to Relocate to Terminal 1 at SAN
According to a news release, the move is part of the second phase of SAN’s airline relocation efforts to improve services.
Zephyr Partners Buys Solana Beach Land For $9.4M
Property will be developed as mixed-use project
Societe Brewing Partners with Scout for Distribution
According to a news release, Societe self-distributed for seven years, since launching in 2012.
National City Apartments Sold For $5.7M
Complex has 30 apartments.
Coronado Apartments Sold For $4.1M
Buyer and seller undisclosed
Opening Doors for Student Startups
EDUCATION: Pitching, Funding And Teamwork Put to the Test
Some business ideas start in the lab. Others begin in dorm rooms. And a growing number of universities are offering programs that help students translate these ideas into startups.
Dr. Bronner’s Magic Soaps Has Prescription for Success, Social Change
Retail: Dr. Bronner’s $122.5M in Revenue Expected to Grow 10% in 2019
Dr. Bronner’s Magic Soaps, the Vista-based soap-making company founded in 1948, has long been known for its Fair-Trade and organic castile soaps, lotions, cleaners and other personal care and home care products.
Cybersecurity Startup AttackIQ Raises $17.6M in Funding
San Diego-based AttackIQ closed a $17.6 million funding round led by Khosla Ventures.
Tuesday, May 28
Jack in the Box Adds Two New Directors to Board
According to a news release, Jean M. Birch and John P. Gainor will each serve on the Compensation and Nominating & Governance Committees of the Jack in the Box Inc. board.
Agriculture Biotech Cibus Cancels IPO
Cibus – which uses gene editing to increase crop yields – called off its initial public offering, according to recently filed paperwork.
Inhibrx Receives $40M Investment
La Jolla-based Inhibrx recently took in a $40 million investment from Viking Global Investors to advance a pipeline targeting cancer, infectious disease and orphan diseases.
Pacific Beach Apartments Sold For $7.3M
Complex has 34 apartments.
Atlanta Developer Building Amazon Facility in Otay Mesa
PROPERTY: Two Million Square Feet Project May Draw Other Companies
A four-story distribution center that would be among the largest industrial buildings in San Diego County is being built for Amazon on a 65-acrce site in Otay Mesa.
La Jolla Building Sold For $2.7M
Building includes retail and residential space.
Entrepreneur Adds Beauty, Wellness Opportunity to Her Ventures
RETAIL: Plans Complete Line of Hemp-Based Products Free of THC
For the last 20 years or so, Gina Champion-Cain has made a name for herself in San Diego, mostly in the real estate, hospitality and retail industries.
SD 500: William Davidson
As president of Davidson Communities, William Davidson has built more than 5,000 homes in 45 new home communities for a total value of more than $2 billion.
Otay Mesa Industrial Building Completed
Building is 174,200 square feet.
Monday, May 27
Evofem at Critical Stretch with Potential New Birth Control
BIOTECH: Contraceptive Gel Is Part of CEO's Health Mission for Women
Evofem Biosciences wants to be the next big thing in birth control. After a long road, the San Diego biotech finds itself in a pivotal stretch.
Saudi Arabia Talks LNG Imports, Partnership With Sempra
Under the deal, Saudi Aramco would take a 25 percent stake in Sempra LNG's Port Arthur, Texas plant, which has yet to be financed and built. Sempra would export 5 million metric tons of LNG per year to Saudi Aramco.
S.D. Startup Week Continues on Right Track
STARTUP: Event Creates 4 Tracks, Recognizes Need For Strengthening Teams
Once started as a way for founders to trade ideas, San Diego Startup Week continues to get larger every year as it brings in thousands of attendees. This year, the festivities will have a home in the San Diego Convention Center for the first time.
Pathfinder Partners Buys Vancouver Apartments For $29M
Complex has 132 apartments.
North San Diego Business Chamber Elects New Directors
According to a news release, Denise Visconti, the current Chamber board chair, will continue a second term leading the directors.
Fashion Valley Mall Launches Lyft Rideshare Program
The program will use carbon neutral rides and will offer shared rides in an effort to fight climate change and be sustainable.
SD 500: Melissa Hayden-Cook
Melissa Hayden-Cook is a native San Diegan and has been Sharp Health Plan’s CEO seat for 13 years.
SD 500: Frederick Howe
Frederick Howe founded MedImpact Healthcare Systems Inc. in 1989. Today, it is the nation’s largest private pharmacy benefit manager.
Sunday, May 26
Life Sciences Occupancy Growth Down 44% in Q1
PROPERTY: Tenant Demand Still Robust; Rents Increase
San Diego’s life sciences cluster produced only 77,600 square feet of occupancy growth in the first quarter of the year.
Foundation Aims for a Better Carlsbad Community for All
Carlsbad Charitable Foundation, an affiliate of The San Diego Foundation, marked its 12th year of giving by granting $73,000 to four nonprofit organizations with programs that will strengthen community engagement among youth and seniors in the Carlsbad region.
Realtors Help Provide Resource for Homeless
The Pacific Southwest Association of Realtors, a real estate trade group for San Diego-area realtors, recently presented a $5,000 check to the San Diego East County Chamber of Commerce Foundation to help pay for a website featuring resources to assist homeless people in the East County.
Succesful Gala Helps with Child Abuse Prevention
Home Start Inc., a nonprofit child abuse prevention and treatment agency, netted more than $120,000 at its 47th Annual Blue Ribbon Gala recently at the Hilton San Diego Resort and Spa.
San Diego On Board for Lyft’s Safety, Sustainability Campaign
Lyft Inc. announced the launch of its San Diego County safety and sustainability campaign. Lyft is committing $30,000 total to the organizations as well as leading its own initiatives. Efforts will support San Diego’s existing strategies, including Vision Zero, with a goal of eliminating traffic deaths by 2025, and the Climate Action Plan, which calls for the elimination of half of all greenhouse gas emissions by 2035, among other goals.
School District Earns Energy Champion Award
The Grossmont Union High School District announced that it received San Diego Gas & Electric’s 2019 Energy Champion award for outstanding results in energy efficiency, sustainability and conservation at its annual Energy Showcase.
Coworking Location Takes Production Facility Role
FILM: Film Hub Offers Professional Studios, An Alternative to LA
Film Hub, a 12,500 square-foot coworking studio focusing on movie and television productions in Vista, is set for a soft opening June 1 while construction wraps up with a formal opening tentatively set for September.
Design and Nature Help Set the Stage for Daily Light Shows
property: Location On Golf Course Adds to Palette
Santaluz, translated as “sacred light,” is a community just east of Fairbanks Ranch and west of Black Mountain. Its footprint is about 3,800 acres, 2,000 of which are dedicated open space, setting it apart from most other communities in the county where the goal is to maximize the number of homes per acre.
Ra Medical Sues Strata Skin Sciences
LEGAL: Ra’s Lawsuit Centers On IPO
Carlsbad’s Ra Medical Systems is alleging a rival interfered with its initial public offering.
Reneo Shows Up With Big Money, Some Big Names
PHARMA: $50M Series A to Target Energy, Metabolism Disorders
Former Lumena Pharmaceuticals Inc. executives are at it again. San Diego’s Reneo Pharmaceuticals emerged from stealth mode on May 20 with a $50 million Series A round to tackle metabolism and energy disorders.
Licensing Business May Be on the Line
LEGAL: Qualcomm Case To Take Time to Play Out
It seemed like Qualcomm Inc. was in the clear after the company struck a settlement with Apple Inc. The deal removed several of Qualcomm’s largest legal obstacles, and returned one of its largest customers for the next six years.
Nonprofits Pitch Their Products at SAIL Event
STARTUP: Accelerator Helps Social Impact Cos. Grow
Four San Diego nonprofits delivered their pitches for a chance to win $2,500 on May 16. The four finalists had participated in local 501c3 Mission Edge’s Social Enterprise Accelerator and Impact Lab (SAIL), which is designed to help nonprofits grow and maximize their impact.
Tiled Raises $1.5M, Hires Former Adobe Exec
SOFTWARE: Co.’s Interactive Marketing Gets Some Big Attention
Tiled, a Rancho Bernardo startup that helps companies make interactive marketing content, raised $1.5 million in a seed round that closed on May 20.
Tiled Raises $1.5M, Hires Former Adobe Exec
SOFTWARE: Co.’s Interactive Marketing Gets Some Big Attention
Tiled, a Rancho Bernardo startup that helps companies make interactive marketing content, raised $1.5 million in a seed round that closed on May 20.
Thursday, May 23
Coworking Company Industrious to Open Two San Diego Locations
Industrious, a big coworking company that recently raised $80 million, plans to open its first two San Diego locations.
San Francisco Firm Buys Sorrento Mesa Building
Graymark Capital Inc. bought the 92,477 square-foot building at 10455 Pacific Center Court from an undisclosed seller for $16.5 million. The building is 45 percent occupied.
Me Too Movement Goes to Work
LEGAL: Harassment Laws Get Tougher in Protecting Workers
At the prestigious Salk Institute for Biological Studies in Torrey Pines, three female researchers had sued the organization for gender discrimination. Scientists Katherine Jones, Vicki Lundblad and Beverly Emerson filed lawsuits in 2017, claiming they were not given the same access to grant funding, salaries and promotions as their peers.
Viasat Gets $10M Military Satellite Contract
Viasat Inc. said it received a contract to build a low Earth orbit satellite for the U.S. military’s Link 16 radio system. The Space Enterprise Consortium of the U.S. Air Force made the $10 million award.
Latest Solution to Local Housing Crisis: Granny Flats
PROPERTY: Housing Commission Estimates Room for 5,500
Granny flats are being looked at by the San Diego Housing Commission as one way to help ease the region’s housing crisis.
MabVax Sells Assets to German Company
BIOTECH: BioNTech Plans to Establish a Local Research Facility
The recent acquisition of San Diego’s MabVax has been a long time coming. MabVax sold its cancer drug assets and its lab equipment to German company BioNTech, it was announced earlier this month.
Carlsbad Project Sold For $3.9M
Quonset Project tenants include Campfire Restaurant and Carruth Cellars.
Trovagene and Nektar Strike Cancer Research Collaboration
San Diego’s Trovagene will partner with Nektar Therapeutics to explore combining their two drug candidates to treat metastatic colon cancer.
A Sound Business Model: LRAD Grows Revenue 30 Percent
DEFENSE: Rancho Bernardo Business Bought Back $2.2M of Its Stock
LRAD Corp., the maker of Long Range Acoustic Devices able to deliver sound over great distances intelligibly, reported net income of $1.18 million, or 4 cents per share, on total revenues of $10.2 million during its second quarter, which ended March 31.
Wednesday, May 22
Judge Rules Qualcomm's Licensing Practices Violated Antitrust Law
After months of deliberation, a U.S. District Judge found that Qualcomm's licensing practices violated antitrust law.
Employers Must Set the Tone for the Workplace
WORKFORCE: Policies And Protocols Must Be Announced, Instituted
New laws alone won’t be enough for substantive change. Companies also have to set a tone from the top for a good workplace.
HFF Secures Refinancing Loan For Point Loma Project
Project was completed in 2018.
Locana Pulls in $55M to Repurpose CRISPR for RNA Therapies
Locana, a San Diego biotech that repurposed the gene-editing system CRISPR, has raised a $55 million series A round.
Product, Passion and Branding Hit Target
FOOD: Company Appeals to Millennial Tastes, Mindset
Food company Bonafide Provisions sells chicken, beef, turkey and frontier flavored broths and other bone broth-based food products in about 6,000 stores nationwide, including Jimbo’s…Naturally!, Sprouts Farmers Market and Whole Foods Market.
Pacific Surf Designs Wins Appeal Decision
According to a press release, this victory comes after other wins against Surf Waves, Ltd., and Flowrider Surf, Ltd., both affiliates of Whitewater West Industries.
Valley View Casino & Hotel to Reveal Expansion
According to a news release, the previous 100,000 square foot casino and restaurant space will now be 143,000 square feet.
Tenants Find Class A Spot at Tower 180
OFFICE: Blue Bottle, Mendocino Farms Will Move In
With $55 million of redevelopment work still under way, the 25-story downtown San Diego office building that’s been renamed Tower 180 has signed up two tenants for some of the retail space.
Tuesday, May 21
Reneo Pharmaceuticals Raises $50M Series A Round
San Diego’s Reneo Pharmaceuticals raised a $50 million Series A round to tackle metabolism and energy disorders.
TuSimple Launches Pilot with U.S. Postal Service
TuSimple, a startup developing self-driving trucks, will run a two-week pilot program with the U.S. Postal Service.
Stos Partners Buys Temecula Industrial Building For $7.1M
Calavo Growers is leasing part of the building.
Procopio’s LaunchPad To Host 5 Startups
LEGAL: Incubator Includes Legal Services Office Space, IP Advice
After expanding its offices earlier last fall, Procopio is hosting five startups at its LaunchPad incubator at the firm’s Del Mar Heights location. The nine-month program provides technology startups with office space and legal services, including assistance with valuation and intellectual property protection.
SD 500: Kay Chandler
Kay Chandler founded Chandler Asset Management in 1988 and grew the investment advising firm into one of the region’s largest by assets under management.
Tealium Closes $55M Funding Round
TECH: Customer Data Platform Casts Big Net Across Systems
San Diego-based software company Tealium closed a $55 million funding round May 15. The new funds will help Tealium grow as the competition heats up Chief Financial Officer Doug Lindroth said.
At This Pancake House, Even the Décor Is Delicious
DINING: Attention to Detail Goes From Pay to Product Freshness and More
Richard Walker Sr. is the owner of two Richard Walker’s Pancake House restaurants in Chicago and the flagship downtown location in San Diego. Richard Walker Jr. is the owner of the La Jolla property as well as the latest addition up in Carlsbad.
The Patio Group Appoints New Vice President of Operations
According to a news release, Eric Bauer, who comes from Zume Inc. in San Francisco, a delivery-only pizza company powered by robots, assumed his new position earlier this month.
Monday, May 20
First 13 Startups Join New Accelerator in Southeast San Diego
Connect All @ the Jacobs Center named the first 13 startups that will participate in the new accelerator.
Office Bridges Gap Between Discovery, Therapeutics
HEALTH: Arm of Moores Cancer Center Holds Annual Symposium
A department at UC San Diego Health’s Moores Cancer Center is known for putting on a symposium to translate groundbreaking oncology discoveries into therapeutics.
The Park Bankers Hill Rises Above Its Critics
PROPERTY: Project Has Sold About 41 Of Its 60 Condos
Despite being panned with an Onion award for its architecture, the pricey The Park Bankers Hill condominiums are an apparent hit with buyers who are more interested in its views and amenities than snarky reviews.
Tiled Raises An Additional $1.5M, Hires Former Adobe Exec
Tiled, a startup that lets users make interactive marketing content, raised a $1.5 million seed round led by Kickstart Seed Fund.
San Diego Tech Company, Ensight Technologies, to Help with Parking
According to a press release, EnSight, also headquartered in San Diego, is an intelligent camera-based solution that is less costly and requires less infrastructure than traditional parking guidance systems.
Tower 16 Buys Colton Apartment Complex
Company plans $4 million in renovations
La Mesa Apartments Sold For Nearly $4.1M
Complex has 22 apartments
Chinese Pharma Co. Expands Its CRO Role in San Diego
PHARMA: Acquisitions Part of CRO Consolidation Trend Locally, Nationwide
WuXi AppTec is making moves in San Diego. The Chinese pharmaceutical company earlier this month bought San Diego-based Pharmapace.
SD 500: Kevin Sayer
Kevin Sayer has been president and CEO of Dexcom since 2011 and in 2018 was also named chairman.
Sd 500: Kim Kamdar
Kim Kamdar joined Domain Associates LLC in 2005 and became a partner in 2011. She has a background in small molecule drug discovery, worked in therapeutic startups and has played an important role in identifying promising companies.
Sunday, May 19
Deploying AI at Hospitals Is Delicate Operation
HEALTH: Hospitals Grapple With Use, Costs and Concerns
Rady Children’s Hospital holds a world record for fastest genomic diagnosis. Instrumental in the feat: artificial intelligence.
Bankers Hill Apartments Go Back to the Future
HOUSING: Owner Repositions Property As Condominiums
Harkening back to the heady pre-recession days of the housing boom, a San Diego developer has converted a Bankers Hill apartment complex into condominiums that are selling at a price well below newer projects in the neighborhood.
North Park Apartment Building Sold For $13.3M
New owner plans to renovate and rebrand the building.
San Diego Firm Sells Portland Apartments For $14M
Complex has 75 apartments
SD 500: Helen Torley
Helen Torley joined Halozyme in 2014 as president and CEO. She has led the company to annual revenue of more than $350 million and a market cap of $2.6 billion.
AmpliPhi Biosciences Merges With Marina Del Rey Company
M&A: Co. Will Operate as Armata Pharmaceuticals
Two companies, new name. San Diego-based AmpliPhi Biosciences and Marina del Rey’s C3J Therapeutics have merged, operating as Armata Pharmaceuticals, focused on antibiotic-resistant infections.
Chuze Fitness Names New Chief Marketing Officer
According to a press release, Billy Grenham, Chuze Fitness' new CMO. will be based in the company's San Diego headquarters.
Ra Medical Sues Strata Skin Sciences
Carlsbad’s Ra Medical Systems on May 16 sued Strata Skin Sciences and its board chair. The lawsuit alleges a campaign of false and misleading statements to financial partners before, during and after Ra Medical’s initial public offering.
AT&T Cuts San Diego Technician Jobs
AT&T Inc. is laying off 101 employees in San Diego County, representatives of the employees’ labor union said earlier this month. The cuts affect premises technicians who install new services and make repairs.
Program Provides Valuable And Sustainable Upgrades
The City of San Diego announced that it awarded a $2.5 million grant through the Community Development Block Grant Program, allowing four local nonprofits to conduct sustainability-focused home repairs for low-income homeowners in the region.
Plaza Home Mortgage Donates $41,000 to Susan G Komen
Plaza Home Mortgage Inc. announced that it donated $41,000 to Susan G. Komen San Diego.
Law Firm’s Scholarships Promote Leadership and Diversity
Higgs Fletcher & Mack LLP announced that it awarded three local law students scholarships in recognition of their civic leadership, service to diversity efforts, and support of underrepresented communities.
Farmers Backs First Responders With Two Grants
Farmers Insurance announced that it donated $50,000 to the San Diego Fire Rescue Foundation and the San Diego Police Foundation, nonprofit organizations that provide resources, safety programs and other community programs. The contribution is a result of the donation program benefiting first responders that Farmers implemented at Torrey Pines Golf Course during the most recent Farmers Insurance Open.
Oceanside Charitable Foundation’s Grants Go to Helping Kids Succeed
Oceanside Charitable Foundation, an affiliate of The San Diego Foundation, marked its 11th year of giving by granting $65,000 to three nonprofits investing in youth development in the community. The grants were announced at the Annual OCF Grants Celebration at the California Surf Museum.
Hot Office Market Continues to Shape Scene
OFFICE: Monthly Rents Expected to Rise 3% to 4% By Year’s End
Demand for office space is getting ever more intense, according to a report from the commercial brokerage firm Colliers International.
Executive Q & A: Rita R. Kanno
Employment law is complex. In California, businesses face a legal landscape that is like no other. The San Diego Business Journal consulted with two employment law attorneys to get their views on the challenges faced by employers in the San Diego community. Here are their edited responses.
Executive Q & A: Sarah A. Williams
Employment law is complex. In California, businesses face a legal landscape that is like no other. The San Diego Business Journal consulted with two employment law attorneys to get their views on the challenges faced by employers in the San Diego community. Here are their edited responses.
Vista’s NuZee Coffee to Open Facility in Texas
BEVERGE: It Plans To Add Production Capacity to Vista HQ
Vista-Based NuZee Inc., a specialty coffee company founded in 2011 and with 15 local employees, will open a new facility in Texas. According to a news release, the Plano, Texas, location will support the company’s pour over co-packing services business.
Petco Opens Its First Health and Wellness Kitchen
RETAIL: Co. Bans Pet Foods Containing Certain Ingredients
Petco Animal Supplies Inc., a San Diego-based pet supply retailer, in conjunction with JustFoodForDogs, a California-headquartered company that makes preservative-free food for dogs, will open its first health and wellness kitchen for dogs at its flagship store in New York City.
Halozyme Reports Revenue Of $56.9 Million for First Quarter
BIOTECH: Co. Gets Licensing Fee From Argenx
San Diego-based Halozyme reported higher revenue and net income in first quarter results, thanks to the company’s platform technology. Looking forward, the company is heading for an inflection point.
Flux Power Puts Money into R&D, Reports Quarterly Loss
ENERGY: Battery Maker Plans to Move to Larger Facility
Flux Power Holdings Inc., which produces advanced lithium batteries for small industrial vehicles, reported a net loss of $3.8 million, or 8 cents per diluted share, on net revenue of $1.75 million during its third quarter, which ended on March 31.
Kearny Mesa Firm Helps Angelenos Reach Their Destinations
TECHNOLOGY: Transit Agency Inks $68.2M, 5½-Year Deal
Cubic Corp. received a $68.2 million contract extension to maintain and support the fare collection system for the Los Angeles County Metropolitan Transportation Authority, or LA Metro.
Tech Coast Angels Invest $10.8 Million in 2018
FUNDING: Investment Cycle Could Be Reaching Its End, Chairman Says
Tech Coast Angels, an angel investment group with five chapters across Southern California, invested $10.8 million into 58 startups last year. The total amount invested decreased slightly from 2017, when the group invested $14.2 million into 43 companies.
NASSCO Lays Keel for First Fleet Replenishment Oiler
shipbuilding: Ship Costs $642M; Program Could Be $8B
General Dynamics NASSCO laid the keel for the first of up to 20 new U.S. Navy oilers — Navy auxiliary ships that refuel fighting ships in the middle of the ocean.
Friday, May 17
Former Boston Scientific Exec Joins Medical Device Incubator
Rob Abrams, a former executive with Boston Scientific and investor with Sanderling Ventures, will join medical device incubator Evolve MedTech as partner.
Thursday, May 16
Boston Scientific Acquires Carlsbad’s Vertiflex for $465M Upfront
Carlsbad-based Vertiflex – maker of a device that reduces spine pressure – was acquired by Boston Scientific. The deal includes Boston Scientific paying $465 million upfront, with additional payments dependent on commercial milestones over the next three years.
Jack in the Box Won’t Sell, to Pursue Securitization
This concludes the company’s search for strategic and financing alternatives, the business said in a news release.
Nonprofits Pitch Their Products at SAIL Event
Four nonprofits pitched their businesses after graduating from Mission Edge's Social Enterprise Accelerator and Impact Lab.
Resort-Style Home Can Change Your View of the World
property: Retreat On Point Loma Takes Cues From Spas, Mexico
The upward sloping drive to this exceptional Point Loma estate leads past a two-story guest house at the bottom of the property toward a large motor court with a whimsical fountain in its center.
Transportation Projects Drive Cubic Corp. Forward
TECH: Electronics Specialist Has 40% of Revenue From Defense
Kearny Mesa-based Cubic Corp. reported 21 percent year-over-year growth in sales from January to March 31.
Local Medtechs Report Substantial Increases in Revenue for Quarter
medicine: Costs To Scale Up Leave Some Cos. in the Red
The heavy-hitters of San Diego medtech — Dexcom, ResMed, Tandem Diabetes Care and NuVasive — saw revenue either rise or shoot up in recent quarterly results.
Park 12 Provides Big League Luxury to High-End Renters
RESIDENTIAL: Full Complement of Amenities Provided
Renters with cash to spare can finally move into what has to be one of the priciest apartments in San Diego County — the penthouse suite atop Park 12 — The Collection overlooking Petco Park.
Kratos Has a Profitable Quarter, Sees Growth Ahead
DEFENSE: Acquisition Of Florida Turbine Technologies Closes
Kratos Defense and Security Solutions completed the first quarter of 2019 on March 31 with net income of $3.1 million, or 3 cents per share, on revenue of $160.4 million.
Wednesday, May 15
Poseida Therapeutics Gains Orphan Drug Designation
A drug candidate from Poseida Therapeutics aimed at relapsed multiple myeloma has picked up an orphan drug designation.
Illumina Sues BGI Claiming Patent Infringement
Genomics titan Illumina has filed a patent infringement lawsuit against a BGI Group subsidiary.
Port of San Diego Selects Developer for Shared Hospitality Pod Hotel
According to a news release, the shared pod hotel concept is expected to be one of the first of its kind in the country.
New Industrial Park Coming To Poway
Vantage Point project will have two buildings.
Former Chula Vista Toys R Us Site Sold
Adjacent land sold in separate deal.
NuZee Coffee Co. to Open Facility in Texas
According to a news release, the Plano, Texas, expansion will support NuZee's pour over co-packing services business.
Culinary Ambitions Heat Up as Michelin Comes to Town
DINING: Rating System’s Recognition to Show Advances in Food Scene
By the end of the summer, San Diego plans to join the elite group of cities in the state of California — so far, only San Francisco — to feature Michelin-rated restaurants.
Mobile Home Park Sold For $30M
Park has 198 spaces.
San Diego Software Tealium Raises $55 Million
Tealium raised $55 million in a series F round that closed on Wednesday.
Tuesday, May 14
Pet Food Company Aims High for Quality
RETAIL: It Sells Human-Grade Food at Small Stores and Online
Many pet-owners treat their fur babies like their children.
DTx Pharma Raises $3 Million, Hopes Its Trojan Horse Is a Winner
Health: Company Is Working on Getting Therapeutics Into Cell
DTx Pharma, a Torrey Pines startup developing a way to make more effective RNA treatments, recently raised $3 million in Series A funding. The round included investments from previous investors, including Tech Coast Angels and Friedman Bioventure.
Takeda’s New Site to Help Promote Key Relationships
life science: Also On the Move, BioLegend Claims Entire Street
Two biotechs, Takeda Pharmaceutical Co. and BioLegend, recently opened new campuses in San Diego.
Section 32 Makes Its First San Diego Investment
TECH: VC Led $5.3M Round for MedCrypt
Section 32, the local venture fund started by former Google Ventures founder Bill Maris, made its first San Diego investment May 7. The firm led a $5.3 million Series A round in MedCrypt, a San Diego cybersecurity startup that helps medical device vendors ensure their devices are secure. Previous investors Eniac Ventures and Y Combinator also participated in the round.
SD 500: Natalie Dahl
Longtime CBRE team member Natalie Dahl is the company’s managing director for investor services in the San Diego region.
SD 500: Paul Thiel
Paul Thiel joined Northern Trust in 2018 to expand their presence in mergers & acquisitions and family law.
Jerome’s Furniture Launches 3-D Augmented Reality App
According to a press release, the Marxent 3D Room Designer is available on the Jerome's Furniture website and will be available as an app on smart phone devices soon.
Monday, May 13
Giant AMN to Expand With $200M Acquisition
HEALTH CARE: Florida Firm Gives It Telehealth Capabilities
AMN Healthcare’s recently announced acquisition will expand its footprint in fast-growing markets, while positioning the nation’s largest health staffing firm for what could be the wave of the future.
New Hotel to Deliver European Aura, Urban Vibe to Visitors
TRAVEL: Gaslamp Property Came With Construction Challenges
Downtown San Diego is about to get a new boutique European-style hotel in the heart of the Gaslamp Quarter — the first to carry the AC Hotels by Marriott brand.
Qualcomm Strikes 5G Licensing Deal with Nokia Owner
HMD Global, which makes Nokia phones, signed a licensing agreement with Qualcomm to be able to use its 5G technologies.
Grantville Apartment Complex Sold For $149M
Complex has 374 apartments.
Sorrento Valley Industrial Building Sold For $21.3M
Building is 106,412 square feet.
Wuxi Apptec Buys San Diego's Pharmapace
Wuxi Apptec earlier this month bought San Diego-based Pharmapace, the latest in consolidation among niche players in the drug development market.
Lawyers Club of San Diego Appoints New President
Previously, Cortez worked as a liaison for the San Diego County Bar and then as a co-chair at the Diverse Women’s Committee.
Sd 500: Matt Cole
Matt Cole runs the transportation side of the house at Cubic Corp. His career with the systems integrator and military technology specialist has taken him to cities around the world.
Sunday, May 12
Retaking The Plunge: renovation of historic pool
SPORTs: Battered By Time, Historic Pool Is Restored With Some New Touches
A swimming pool that had become a San Diego landmark is about to reopen at Belmont Park.
Executive Q&A: Silvia Mah, Connect With SDVG
STARTUP: Leader Tells Cos. to Start Taking Action Within Weeks
Silvia Mah joined Connect as its president and chief operating officer in March. The nonprofit, which recently merged with San Diego Venture Group, hosts one of San Diego’s oldest accelerator programs, Springboard.
Qualcomm Gives Execs Big Stock Bonus After Apple Settlement
Steve Mollenkopf was awarded 40,794 fully-vested shares of company stock.
Tech Coast Angels Invested $10.8 Million in 2018
Tech Coast Angels invested $10.8 million into 58 startups last year. The investment group also saw six exits.
Petco to Open Its First In-Store Health and Wellness Kitchen for Dogs
According to a press release, the JustFoodForDogs 1,350-square-foot kitchen to be housed at Petco's flagship store in New York City will prepare 2,000 pounds of fresh, human-grade pet food daily, seven days a week.
Cohu Reports $148M in Quarterly Sales
Poway-based semiconductor equipment manufacturer Cohu Inc. reported $147.8 million in net sales for the first quarter of 2019. The business, which announced quarterly results on May 6, saw a net loss of 55 cents per share.
SD 500: Nancy Hong
Nancy Hong joined RiverVest in 2016 when the Midwest-based venture capital firm opened its San Diego office.
SD 500: Sharon Cloward
Sharon Cloward has been president of the San Diego Port Tenants Association since 2004.
Encore Capital Moves Into Ampersand
property: Site Is Former Union-Tribune Offices in Mission Valley
Encore Capital Group has moved its headquarters into Ampersand — the first tenant to take space in former home of The San Diego Union-Tribune that was redeveloped into an office complex by the Casey Brown Co. with C.W. Driver Cos. as the general contractor.
Heart and Soul Gala Raises $1.5 Million
Jewish Family Service of San Diego raised a record-setting $1.5 million at its annual Heart and Soul Gala held recently at the Hyatt Regency La Jolla at Aventine. The signature benefit highlighted the nonprofit’s work to provide resources and support to more than 32,000 San Diegans of all ages, faiths and backgrounds.
Villa Musica Gets $10,000 to Help People Tune In to Their Musical Side
Villa Musica, San Diego’s community music center, held its “Spring Musicale” at the home of board member Lacey Logan in Del Mar.
Women United Is Ready To Take Bold Action
United Way announced that its Women’s Leadership Council has re-envisioned its role to focus on forging and growing a network of partnerships, emerging with a new name — Women United — and $100,000 in new grants, as well as a new chair, Christina Hastings.
Tourism and Craft Brewery Industries Remain Optimistic
ECONOMY: Despite Decreasing Numbers, Overall Outlook Is Good
The consensus of the previous Craft Brewer Confidence Index survey, released in November, was that the San Diego craft beer industry wasn’t too worried about the presence of big beer. Six months later, according the latest report, it appears some of the local brewers are finally fed up with it being there and the influence it is having on some of the smaller guys.
Qualcomm Chips Show Up in Samsung Smartphones
TECH: ‘Teardown’ Reveals a Variety of Qualcomm Content
Samsung’s Galaxy S10 contains a good number of chips from San Diego’s Qualcomm Inc., a recent teardown published by iFixit shows.
Sempra Q1 Earnings Up 27%, Seeks ROE Increase for SDG&E
ENERGY: Sempra Says Financial Modeling Supports Increase
Legislative proceedings with the California Public Utilities Commission and liquefied natural gas were the main subjects of Sempra Energy’s first quarter earnings call May 7.
Paesano’s Closing; Tabu Shabu Will Take Over Lease
DINING: New Japanese Restaurant To Open in North Park
Paesano of North Park, known for its authentic Italian food and founded 50 years ago, will be closing. According to Jeff Chon, CEO and founder of Tabu Shabu, headquartered in Costa Mesa, his third location will take over the property’s lease.
SDBj Insider: Qualcomm’s 5G Role Could Protect Company
A heating up of the U.S.-Sino trade war doomed Qualcomm Inc.’s effort to acquire Dutch semiconductor manufacturer NXP Semiconductors N.V. after China quashed the bid last year.
Cos. Still Confident In Their Sectors
ECONOMY: Profits, Hiring Plans and Policy Changes Support Outlook
Who is confident about the San Diego County economy? A lot of business people.
Friday, May 10
Qualcomm Gives Executives Big Stock Bonus After Apple Settlement
CEO Steve Mollenkopf will see about $3.5 million in stock awards after a settlement with Apple.
Crown Point Apartments Sold For $3M
Building has eight apartments.
Thursday, May 9
UC San Diego Researchers Get $4.7M for Crohn’s Disease Efforts
Researchers at UC San Diego were awarded $4.7 million in grants to identify therapeutics and improve surgery for Chrohn’s disease.
Inseego Sees Revenues Grow with More 5G Customers
San Diego-based Inseego saw its revenues increase in the first quarter of 2018.
Newport Beach Firm To Manage Parts of Liberty Station
RiverRock Real Estate Group will oversee retail and arts areas.
Encore Capital Group Reports Quarterly Revenue, Net Income Growth
San Diego-based financial services firm Encore Capital Group Inc. announced a 9% increase in year-over-year revenue on May 9. Encore (NASDAQ: ECPG), which specializes in debt recovery services, said quarterly net income reached $49.4 million.
Vista Industrial Building Sold For $4.5M
Building has office and warehouse space.
Vista Office Complex Renovated For $1.5M
Complex includes three buildings.
Turtle Beach Reports Q1 Growth in Revenue
Headset manufacturer Turtle Beach Corp. reported record net revenue of $44.8 million for Q1 2019 on May 9. According to a securities filing, Turtle Beach recorded a 10% growth in year-over-year revenue, while net income increased by 56% to $3.1 million.
SD 500: Cayce Lynch
Cayce Lynch is the firm’s Administrative Partner, directing administrative, marketing, and business development activities.
SD 500: Wolf Bielas
Wolf Bielas is co-founder and managing partner at Downtown Works Coworking, a facilities services company that touts inspiring, flexible coworking space.
Wednesday, May 8
Procopio Brings Five Startups into Launchpad Incubator
Procopio opened its launchpad incubator to five startups in the San Diego area.
Health Data Startup LunaDNA raises $4.6 million
LunaDNA, which is building a platform for users to share their health data, closed a $4.6 million round.
MabVax Therapeutics Sells Assets
San Diego-based MabVax Therapeutics sold its cancer drug assets and its lab equipment to BioNTech, it was announced May 8.
La Jolla Baking Company Buys Miramar Building For Nearly $5M
Company is relocating.
Governor Park Office Building Sold For $4.8M
Building has five office suites.
J.P.Morgan Private Bank to Open San Diego Office
JPMorgan Chase announced it has signed a 10-year lease at One Paseo on May 8.
SD 500: Michael E. Johnson
Michael Johnson was promoted in 2016 to Co-CEO along with firm founder Bill Gurtin. The firm has more than $14 billion under management for high net worth individuals and in 2018 was acquired by Pimco. Johnson started the research group at Gurtin when he joined the firm in 2008.
SD 500: Stephan Aarstol
Stephan Aarstol is the CEO and founder of Tower Paddle Boards, which sells stand up paddle boards to consumers both online and through its store in Pacific Beach.
Tuesday, May 7
Viasat Has the Markets, Pricing and the Margins for Success
TECH: Company Takes Big Slice of In-Flight Internet Service
Revenue for Viasat Inc., the Carlsbad-based broadband internet service provider and government contractor, has shot up over the past decade like the communications satellites the company designs and launches into orbit.
Halozyme’s Revenue Jumps in Q1
San Diego-based Halozyme reported $56.9 million in first quarter revenue, an 84 percent year-over-year increase.
San Diego Firm Brokers $8.8M Hemet RV Resort Sale
Park covers 358 acres.
Sempra Energy Reports Q1 Results
According to a financial statement from Sempra, its utilities business lines accounted for $2.5 billion in revenues while its energy-related business lines raised $383 million in revenue.
Section 32 Leads $5.3M Investment in MedCrypt
MedCrypt, a medical device security startup, raised $5.3 million led by local VC firm Section 32.
SD 500: Adam Day
A veteran public administration and public affairs executive, Adam Day oversees operations for the Sycuan Band of Kumeyaay Nation, managing its multimillion-dollar budget and hundreds of employees.
Bank of Southern California Reports Asset, Net Income Growth
Total loans for the bank reached $629 million.
SD 500: Anne Wallace
Anne Wallace has overseen the Comprehensive Breast Health Center since 1995.
San Diego Firm To Manage Hawaii Property
Paralllel Capital Partners will manage $300 million of commercial and retail property.
Monday, May 6
Vision of an Industrial Internet Draws Dollars
TECH: Wireless Links Give Factories Productive Potential
Tiny chips embedded in packages. Networks spanning roadways and dams. These are just a few of the technologies that a growing number of San Diego startups are enabling.
Firms Size Up Market and Do What It Takes to Survive
Seven of the top 10 public companies based in San Diego from a decade ago are alive and well and still headquartered locally, raising the question: What gives a company staying power?
Abide Therapeutics Acquired for $250 Million Upfront
In search of therapies for brain diseases, Lunbeck will pay $250 million upfront to buy San Diego-based Abide Therapeutics.
Sorrento Mesa Office Building Sold For Nearly $7.6M
Building was fully occupied.
SD 500: Robin Toft
SDBJ 500 recap:
SD 500: Joe Beery
SDBJ 500 recap:Joe Beery
Jack in the Box Extends Revolving Credit Facility
Jack in the Box said it has drawn and used approximately $748.3 million for corporate purposes and letters of credit.
Wheel Company Sees Future in 3-D Printing, Composites
RETAIL: HRE Partners With GE to Explore Manufacturing Innovation
Vista-based wheel manufacturer HRE Performance Wheels has found a partner in its business development in General Electric. The Vista business and GE’s 3-D printing research division, GE Additive, designed and manufactured one of the first 3-D-printed titanium wheels last November with the goal to research and develop 3-D printing techniques with high-end metals at an affordable price point.
Sunday, May 5
Sunscreen Company Finds Its Place in the Fun
RETAIL: ‘Funscreen’ Trademark Colors and Shelf Space on Target
Sometimes, you don’t get it right on the first try — just ask Coola LLC founder and CEO, Chris Birchby.
$3M Funding Round Gives GoMeta Some Creative License
GoMeta, a San Diego startup that makes it easy for users to build their own augmented reality games and mobile apps, closed a $3 million funding round on April 23. The company drummed up some big-name investors, including e-sports investment fund Bitkraft, Next 10 Ventures, Moonshots Capital and former Walt Disney Co. CEO Michael Eisner.
Acadia Pharmaceuticals Reports $85.3M Loss in Q1
In first quarter results, Acadia Pharmaceuticals recorded an $85.3 million operating loss due to the company spending more on clinical research and marketing.
Earnings: Teradata Revenue Slumps as it Shifts to Subscription-Driven Business
Teradata reported revenues of $468 million in the first quarter, and a net loss of $10 million.
Sempra Secures a Key Export Authorization for Texas LNG Facility
Sempra Energy will be allowed to export approximately 13.5 million tons per year of LNG from the planned Port Arthur facility.
North Park’s Paesano’s to Close; Tabu Shabu Will Take Over Lease
According to Jeff Chon, CEO and founder of Tabu Shabu, headquartered in Costa Mesa, his third location will take over the property’s lease.
SD 500: Jane Finley
Senior Vice President and Area Manager, Kaiser Permanente
SDBJ 500 recap: Jane Finley
SD 500: Marilyn Hannes
SDBJ 500 recap: Marilyn Hannes
Cubic Reports Quarterly Sales Growth
Kearny Mesa-based Cubic Corp. reported 21 percent year-over-year growth in sales from January to March 31. Cubic (NYSE: CUB) reported $337.3 million in total sales for the quarter.
Business Calendar for Week of May 6, 2019
Business events scheduled in the county.
USD Students Devise Winning SPAWAR Plans
Students from the University of San Diego’s Burnham Moores Center for Real Estate did it again — winning top place in a real estate design competition, this time NAIOP’s University Challenge 2019.
Senior Housing Is in Demand
Senior housing is proving a strong investment in San Diego County, with demand higher than in nearly every other major market in the nation, according to a national organization that tracks housing for seniors who need some level of care.
A Tale of Two Renovations: Centers Share Need for Similar Renewal
Parallel Capital Partners — a San Diego based real estate investment firm — recently completed renovations of a downtown Phoenix shopping center in much the same fashion as Stockdale Capital Partners based in Scottsdale is planning for Horton Plaza in downtown San Diego.
Program Helps Guide Youth To STEM Education
UC San Diego announced a new partnership funded by $6.9 million in grants from the Chan Zuckerberg Initiative, or CZI, to UC San Diego and its collaborators. The initiative, PATHways to STEM (PATHS) through Enhanced Access and Mentorship program, was launched by biological sciences professor Gentry Patrick and Interim Program Director Leigh Eck.
Conflict Resolution Center Raises Record $1 Million
The National Conflict Resolution Center recently raised more than $1 million at its 31st Annual Peacemaker Awards Dinner at the Hilton San Diego Bayfront. The amount is the largest total raised at an individual fundraising event in the organization’s 36-year history and an increase of more than 62 percent from the 2018 event.
Nonprofit Provides Lunches, Hygiene Kits to Homeless
Kids4Community, a San Diego-based nonprofit founded by 15-year-old Kenan Pala in 2015, announced that it recently assembled 600 hygiene kits and 400 sack lunches to donate to the Interfaith Community Services of San Diego.
First Drones Roll Off Production Line at Kratos’ New Factory
Oklahoma traces its place in the aviation world to 1933, when resident Wiley Post made the first solo, round-the-world flight.
Making It Special is Key Ingredient for Doughnut Shops
As San Diego continues to establish itself as a culinary destination and with the continual growth of the made-to-order trend, the cookie-cutter version of the donut shop is slowly becoming a thing of the past. Instead, more specialty doughnut shops are popping up around town and offering a more customized approach, including build-your-own options and new flavors like tres leches and Nutella hazelnut that can be topped to customer specification.
Groups Combine to Better Connect With Startups and Investors
Two startup organizations with a long history in San Diego have tied the knot. Connect, San Diego’s oldest startup accelerator and San Diego Venture Group merged on April 25.
Spinraza Seen Possibly Benefiting Older Children, Teens
A recent study found possible evidence that a blockbuster drug developed by Carlsbad’s Ionis Pharmaceuticals benefits older children and teens with a severe neuromuscular disorder.
Vividion’s ‘Unique’ Platform Draws $82M Series B Round
Vividion Therapeutics — which formed to transform drug development by targeting “undruggable” proteins — has attracted an $82 million Series B round.
Qualcomm to Get $4.5B from Apple Settlement
TECH: Co. Anticipates Lump Sum Payment, Decreased Legal Costs
Qualcomm Inc. expects to net between $4.5 billion and $4.7 billion from its settlement with Apple Inc., according to the company’s May 1 earnings report.
SDBJ Insider: Bigger Budget May Help SDTA Even The Playing Field
The San Diego Tourism Authority is expecting an additional $7 million through the San Diego Tourism Marketing District in the next month, money it plans to use for a national campaign to promote the city to leisure travelers. If approved by the City.
Illumina Dominates DNA Sequencing, But Potential Competition is Afoot
GENOMICS: Companies With Ex-Illumina Talent Proliferate
DNA-testing services like 23andMe. Hospitals searching for genetic clues to life-threatening cases. Breeding livestock for desirable traits.
Bankers Hill Bonanza
HOUSING: Builders Wager Wealthy Buyers Will Like Uptown Digs
So special is a top-floor penthouse in the latest pricey condominium project to hit Bankers Hill that developer A.J. Tangsoc has hired a marketing firm to sell just the penthouse, apart from the rest of the units in his 41West building.
Viasat to Offer In-Flight Connectivity in China
Carlsbad-based Viasat Inc. announced a strategic partnership with China Satellite Communications to provide in-flight connectivity services to domestic and international airlines flying over China. The deal, made public on April 23, will enable Viasat’s airline clients to access China Satcom’s satellite network.
San Diego Selected to Be a ‘Thrive Outside Community’
San Diego has been chosen as one of four communities in the Outdoor Foundation’s nationwide $1.8 million Thrive Outside Community Initiative. The inaugural Thrive Outside Communities are Atlanta, Grand Rapids, San Diego and Oklahoma City. Each Thrive Outside Community grant requires the recipient community to provide a funding match in order to ensure the long-term sustainability of the network.
Salk Professor Named To Prestigious Chair
Salk Institute for Biological Studies professor Kay Tye has been recognized for her contributions and dedication to advancing science through research by being named to the Wylie Vale Chair. “Kay Tye’s scientific boldness and reputation for excellence in mentoring are a fitting tribute to the memory of Wylie Vale,” Salk President Rusty Gage said. “We are extremely grateful to Liz Keadle for endowing the Vale Chair and delighted to welcome Professor Tye to the Salk faculty.”
Home of the Week: The Crown Jewel of Coronado
One of the most Premier Locations in all of Southern California, covering 3 oceanfront lots along Ocean Blvd. A Coastal Dream Home completely restored and updated for modern living. The 4 bedroom main house with ocean views was designed by famed architect Harrison Albright, the 3 Bedroom guest house, added in 1928 by architect Richard Requa.
Friday, May 3
North Park’s Paesano’s to Close, Tabu Shabu Will Take Over Lease
According to Jeff Chon, CEO and founder of Tabu Shabu, headquartered in Costa Mesa, his third location will take over Paesano's lease in North Park.
Thursday, May 2
EvoNexus Saw 6 Exits, $226M in Funding in 2018
EvoNexus saw six portfolio company exits, including EdicoGenome's $100 million acquisition by Illumina.
AMN Healthcare Plans $200M Acquisition
AMN Healthcare is the nation’s largest health staffing firm. And it’s poised to get bigger.
SDG&E Takes Wildfire Reimbursement Case to Supreme Court
San Diego Gas & Electric recently petitioned the U.S. Supreme Court over reimbursement of costs related to the wildfires of 2007.
Oceanside Office Building Sold For $4.1M
Building is 36,634 square feet.
Alliant Acquires North County Insurance
Escondido-based North County Insurance has come under the umbrella of Alliant Insurance Services Inc. Terms of the deal were not disclosed. North County Insurance and its team will continue to operate out of their offices in Escondido.
Roles Must Be Defined in Family-Owned Startups
STARTUPS: Mutual Goals, Greater Understanding Of Work Styles Are Pluses
Aquaai CEO Liane Thompson and her family spent two months on a tiny island in the Arctic Circle last summer, running 3-D printers, coding and putting together robotic fish.
SD 500: Regina Bernal
SDBJ 500 recap: Regina Bernal
SD 500: Mark McMillin
SDBJ 500 recap: Mark McMillin
Wednesday, May 1
Co. Is Taking Men’s Grooming Both Seriously and Not So Seriously
For Paul Tran, co-founder and CEO of San Diego-based Manscaped, a company that focuses on what it calls “below-the-waist grooming” products for men, a little bit of humor goes a long way.
SD 500: David Malmuth
With business partner Pete Garcia, David Malmuth heads I.D.E.A. Partners LLC, which aims to transform part of the East Village into a district for innovation, design, education and the arts.
SD 500: Helen Adams
Helen Adams has served as San Diego-area managing partner of Haskell & White LLP since January 2013. She has helped double the size of the business in the past three years and developed a succession plan.
Mitek Reports Record Revenue Growth
Digital security services firm Mitek Systems, Inc. reported a 40 percent increase in year-over-year revenues for its second fiscal quarter ending March 31.
Axos Financial Reports Quarterly Asset Growth
San Diego-based Axos Financial reported a 9.8 percent growth in total assets during the first three months of the year.
NuVasive Reports 5.5% Q1 Revenue Increase
NuVasive reported first quarter revenue of $274.8 million, a 5.5% year-over-year increase.
SpringHill Suites by Marriott to Open in Escondido
According to a press release, the 107-suite SpringHill Suites hotel in downtown Escondido will operate as a franchise and will be owned and managed by San Diego-based Excel Hotel Group.
Qualcomm to get $4.5B from Apple Settlement
Qualcomm expects a payment of $4.5 to $4.7 billion from Apple next quarter as part of the two companies' settlement.
Epic Games to Acquire Psyonix
Epic Games, the developer behind Fortnite, will acquire Psyonix, the maker of Rocket League.
