SD BUSINESS JOURNAL DAILY ENEWS

Jack in the Box Exploring Possible Sale

The Board of Directors, management and legal team and financial advisers have yet to make an official decision as to which direction the company will go in or what timetable it is considering, but the company did say it has had discussions with potential buyers.

Kratos Pulls in Military C5ISR Work

Kratos Defense and Security Solutions Inc. said on Dec. 18 that it received a contract award for products and hardware supporting military electronics. The deal is worth approximately $4 million and the business did not name its client.

Life Science Funding Shows Increase in Most Rounds

Financing rounds since 2013 have grown larger in San Diego life sciences. A look at annual median deal size shows an increase, from early-stage seed financing to Series A, C and D rounds. Only Series B rounds have remained flat in recent years.

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SDBJ INSIDER: Active Lifestyle Helps Keep Our Economy in Shape

One of the challenges facing Bill Walton and the San Diego Sport Innovators when they spun out of Connect in 2010 was how to define the Sports and Active Lifestyle (SAL).

Blueprint Equity Sets Its Sights on Secondary Markets

Two former Silicon Valley investors have launched a San Diego-based tech fund.

El Cajon Boulevard Takes New Direction

PROPERTY: High-Density Development Reshaping Area

Before there was Mission Valley, there was El Cajon Boulevard. It was the place to go in San Diego to shop and dine. It was the main route into the city from the east.

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Vista Industrial Building Sold For $24.7M

Building is leased to Captek Softgel International

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Aristea Therapeutics Launches with $15M Round

Aristea Therapeutics emerged Dec. 18 with a $15 million series A round and mission revolving around inflammatory diseases.

Oceanside Industrial Building Sold For $2.4M

Building is in the Rancho Del Oro Technology Park

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San Diego International Airport to Close Economy Lot

According to a press release, the closure will make way to a brand new employee parking lot as a result of the loss of the existing employee parking due to construction of a new stormwater infiltration system.

New Coworking Space, Incubator Set Up in UTC

STARTUPS: ThinkTank Launched First Cohort In December

Already a hub for San Diego’s startups, University City has landed a new coworking space and a new startup incubator.

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For Burger Lounge, Product and Preparation Should Only Make It Look Easy

The acronym is K.I.S.S. Or, “keep it simple, stupid.” But, simple doesn’t necessarily mean easy. Just ask Burger Lounge’s President and CEO J. Dean Loring.

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Cubic’s Trafficware Unit Expands Manufacturing, Tech Center

Cubic Corp.’s newest technology acquisition, Trafficware, celebrated the expansion of its space in Texas during ceremonies on Dec. 17.

California Pacific Airlines Adds Spare Aircraft to Carlsbad Operation

According to Ryan DiVita, the company’s director of sales and marketing, the airline will also add a spare aircraft, to be parked at Carlsbad’s McClellan-Palomar Airport, starting at the end of the year as a precaution for the future.

S.D. Accounting Business Helps Restaurants Keep Tabs on Ingredient Costs

Flores Financial Services, a San Diego-based accounting and HR business for restaurants and grocery stores, added a new service that lets its clients better track costs.

North Park Land Sold For $2.2M

Parcel is 10,890 square feet.

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Evofem’s Stock Rises on Positive Late-Stage Trial Data

Shares of Evofem rose on Dec. 17 after the company reported that its birth control gel worked as intended in late-stage clinical trials.

Baked in the Sun to Close

According to a WARN filing, the company will be permanently closing starting Jan. 26, leaving 211 without jobs.

$100M Investment is Seismic’s Next Step Toward Potential IPO

Seismic's $100 million series E round pushed its valuation above $1 billion.

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Former Ignyta Talent Launch Erasca with $42M Round

Serial biotech entrepreneur Jonathan Lim is back at it.

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