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Rents Likely to Rise as Tech Cos. Chase Space

PROPERTY: Demand Spreads Beyond the Usual Submarkets

The rapid growth of tech companies, along with their voracious appetite for more and more space in the hottest submarkets in San Diego and elsewhere is driving up office rent prices in neighboring submarkets.

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Improving Team Speed

APPAREL: Solid IP and Pro Sports Licensing Deal May Be Winning Combo

Inventory risk prevents retailers from keeping every professional athlete’s jersey in stock. If an unknown player’s breakout performance sparks demand, long production times mean fans wait until next season.

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WD-40 Co. Increased Quarterly Dividend by 10%

The corporation has raised its dividend for eight consecutive years.

Incoming President of ASLA S.D. Chapter Aims to Engage Next Generation of Landscape Architects

Michael Douglas Brennan is co-owner of Carson Douglas Landscape Architecture.

Hedge Fund: Qualcomm's Bid for NXP Too Low

Elliott Management Corp., a hedge fund with a stake in NXP Semiconductors, says Qualcomm should pay $135 per share.

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Italian Eatery Coming to The Hub Hillcrest Market

Maestoso will take over the space that was Napizza pizzeria.

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Gelato Paradiso Coming to Coronado

The company has stores in Seaport Village on San Diego’s waterfront, Laguna Beach and Newport Beach.

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FERC Approves Sempra’s Oncor Bid

Sempra Energy’s $9.45 billion plan to obtain an ownership interest in Texas energy giant Oncor Electric took another step forward on Dec. 12.

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Illumina Names Chief People Officer

Aimee Hoyt will head the genomics giant's human resources team.

Dart Neuroscience Laying Off 265 Employees, Shuttering Operations

The cessation will take effect Feb. 9.

Oceanside Industrial Property Goes for $8.5M

Built in 2006, the 54,670 square-foot building at 1825 Corporate Center Drive is within the Ocean Ranch Industrial Park.

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Athena Names Holly Smithson as CEO

Smithson previously was the vice president of business strategy at the California Life Sciences Association.

Ionis Earns $45M Licensing Fee for Huntington’s Disease Drug

The Carlsbad drugmaker has licensed what’s being called a groundbreaking treatment following promising early trial results.

Small Businesses Pitches Culminate Mini-Accelerator Program

The 60-day program was produced by San Diego-based Lift Development Enterprises Inc.

Victory is Sweet: Small Business Pitch Nets Award for Jackie's Jams

The 60-day program was produced by San Diego-based Lift Development Enterprises Inc.

GA-ASI Awarded Two Military Contracts

The Defense Department announced two contracts for General Atomics Aeronautical Systems Inc.

The Business Calendar for the Week of December 11, 2017

Some of the business events scheduled in the county for the week of December 11, 2017, and beyond.

Halozyme Licensing Deal Could Be Worth Much More Than $40M

San Diego’s Halozyme Therapeutics will receive a $40 million upfront payment, and potentially much more, as part of a collaboration and licensing deal with Alexion Pharmaceuticals.

Vista Apartment Property Sells for $117.5 Million

Waterleaf Apartments in Vista have been bought by MG Properties Group for $117.5 million.

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Metacrine Gets $22 Million in Funding Round, New Board Member

San Diego biotech Metacrine, which is working on drugs for liver and metabolic diseases, has closed a $22 million Series B financing round.

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