Stories for December 2017

Sunday, December 31

Local Input Played Part In New Drone Rules

Egbert Oostburg, founder of Drone Aviator, was among the authors of new regulations that now require all recreational drones to be registered with the Federal Aviation Administration. The new rules require owners of drone and model aircraft weighing between 0.55 and 55 pounds to pay a $5 registration fee and provide information linking them to a unique drone ID number that must be on the device at all times.

Palomar Nurses, Caregivers Ratify Contract

HEALTH: Four-Year Deal Brings Retroactive Pay Increases

Both nurse and caregiver unions at Palomar Health recently voted to approve four-year deals with management after seven months of working without a contract.

Jack Aims for Less Capital-Intensive Business

DINING: Sale of Qdoba to Focus Co. And Increase Value

With the sale of its Qdoba fast-casual Mexican food chain to Apollo Global Management LLC now underway, Jack in the Box Inc. has set Jan. 9 as the date to deliver its financial outlook for 2018.

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Let’s Not Lose Sight of Corporate Good

Mention corporate America in some circles, and the first word you’ll hear is “greedy.” Look to the media, and you’ll see no shortage of stereotyping, either. And this holiday season you’ll again watch Ebenezer Scrooge bully his employee Bob Cratchit.

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Believe Campaign Brings Special Party to Very Special Princess

Wishes Across America, which is connected to the Macy’s Believe campaign benefitting Make-A-Wish Foundation, announced that during Macy’s 10th annual Believe campaign a wish was granted to special young girl.

Tease photo Raises $1.5M, Changes Leadership has a new CEO and a fresh round of seed funding led by ClearVision Equity Partners, a micro-cap equity firm.

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Batu Raises $1.3M in Equity Crowdfunding

San Diego-based Batu Biologics, an oncology company dedicated to the development of its clinical stage tumor-angiogenesis targeting immunotherapy, announced the successful closure of a 506(c) equity crowdfunding offering bringing in $1.3 million in capital.

Roche Buys San Diego Drugmaker Ignyta for $1.7 Billion

Swiss health care giant Roche Pharmaceuticals will buy San Diego-based drugmaker Ignyta Inc. in an all-cash deal valued at $1.7 billion, the companies said Dec. 22.

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Friday, December 29

SD 500: Stephan Aarstol


Stephan Aarstol is the CEO and founder of Tower Paddle Boards, an online company that sells stand up paddle boards to consumers. While Tower was still in its infancy, Aarstol appeared on ABC’s “Shark Tank” in 2011 and landed a deal with Mark Cuban to receive a $150,000 investment in exchange for 30 percent of the company.

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Home Sellers Open Door for Bitcoin

ECONOMY: Cryptocurrency Getting Closer to Main Street

San Diego restaurateur Joe Vaught, a Northern California native who moved to the city just shy of 30 years ago, is comfortable with risk.

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Thursday, December 28

Cristiano R. Amon Named Qualcomm President

Amon will start his new role Jan. 4.

Nominations Being Accepted for the 2018 Health Care Heroes Awards

The award honors individuals within the San Diego community who have demonstrated exceptional leadership and innovation in the rapidly changing health care industry.

2017 Newsmakers: Win, Lose or Draw, Ionis Shows It Is a Top Competitor

2017 Newsmakers

In 2017, Carlsbad’s Ionis Pharmaceuticals basked in the success of a drug it developed to treat spinal muscular atrophy in infants.

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2017 Newsmakers: Tocagen Advances Cancer Fight with IPO, Breakthrough Designation

2017 Newsmakers

Tocagen brought on Martin “Marty” Duvall as CEO more than a year ago to commercialize its anti-cancer therapies. In 2017, the company marked several milestones on that front.

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2017 Newsmakers: Hemker Exits After Huge Changes at Palomar Health

2017 Newsmakers

Robert Hemker, long an architect of Palomar Health District’s financial plans, retired in November.

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Jack in the Box Courts Cannabis Crowd With ‘Merry Munchie Meal’

With the legalization of recreational marijuana in California, the company announced that the “munchie” meal will be available for a limited time.

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Salk Scientist Placed on Leave from Top Journal Amidst Gender Discrimination Lawsuits

Inder Verma will take leave from the Proceedings of the National Academy of Sciences on Jan. 1 until the employment-related lawsuits are resolved, according to the Union-Tribune.

Wednesday, December 27

Palomar Health Nurses, Caregivers Ratify 4-Year Contracts

Under the agreements, 3,000 employees received a retroactive pay raise.

Batu Biologics Raises $1.3M in Equity Crowdfunding Offering

The proceeds of this offering were initially earmarked for investigational new drug-enabling experiments.

Business Calendar for Week of December 25, 2017

Some of the business events scheduled in the county for the week of December 25, 2017, and beyond.

2017 Newsmakers: Startup Ambassador Recruits for Home Team

2017 Newsmakers

Mike Krenn spent 2017 preaching the gospel of San Diego startups in town — and out.

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2017 Newsmakers: Martinez Guides Sycuan Through Key Hotel Project

2017 Newsmakers

As the leader of the Sycuan Band of the Kumeyaay Nation, Cody Martinez has several things to think about. Economic development is one of them.

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2017 Newsmakers: Nervana’s Deep Learning Chip Holds Promising Potential

It has been a long road from a concept to a piece of silicon, but Naveen Rao seems to have successfully negotiated the turns.

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Tuesday, December 26

Home Seller Opens Door for Bitcoin

ECONOMY: Spurring talk of a potential bubble, though, have been the dizzying swings in the cryptocurrency’s value.

Spurring talk of a potential bubble have been the dizzying swings in the cryptocurrency’s value.

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2017 Newsmakers: Sempra Leader So Far Plays Right Cards in Texas

2017 Newsmakers

Besting Warren Buffett is a tall order. Under CEO Debra Reed, Sempra did just that.

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2017 Newsmakers: Acquisition Is Team Building Exercise for Seacoast Commerce

2017 Newsmakers

Rick Sanborn, CEO of Seacoast Commerce Bank, has made a career of turning around struggling banks.

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GA-ASI Awarded $328.8M Air Force Contract

The deal covers support for the service’s MQ-1 Predator and MQ-9 Reaper remotely operated aircraft for one year.

APWireless Invests in 4,000th Cell Site Lease

The University City company operates in the cell tower space, though its business model differs from many of its peers.

BAE Systems Names New GM

David Thomas will replace Bob Koerber, who is retiring.

Qualcomm's Board Rejects Broadcom Slate for Seats

The company affirmed that all 11 existing Qualcomm board members will stand for reelection at the March 6 annual meeting.

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Monday, December 25

2017 Newsmakers: Seals Are Businessman’s Bet On San Diego Sports Fans

2017 Newsmakers

On the heels of the Chargers’ leave-taking, Alibaba billionaire Joe Tsai brought joy to some San Diego sports fans with the announcement that he would be bringing a professional indoor lacrosse team to town.

2017 Newsmakers: UCSD Intellectual Assets Continue to Pay Off

UC San Diego had a banner 2017, with prestigious prizes going to its faculty and major donations coming in to bolster the university’s already formidable academic offerings.

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Roche Buys S.D. Drugmaker Ignyta for $1.7B

The pharma giant is betting on Ignyta's cancer drug, entrectinib, which is intended to treat patients with rare cancers.

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DMV Gives Qualcomm the OK to Drive Autonomous Vehicles

Qualcomm has started tests of technology that will help autonomous vehicles navigate safely, though a spokesman said a driver is still in the seat.

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Report: S.D. New Downtown Condo Price Uptick Outpaces Major CA Markets

One reason for the higher jump in San Diego is that there aren’t many new condos being built downtown compared to other cities.

Nobel Laureate to Retire From Salk Institute

Pioneering molecular biologist, Elizabeth Blackburn was named Salk’s president in November 2015.

Mira Mesa Industrial Building Sells for $2.7M

The 16,169 square-foot building at 10025 Huennekens St., was sold to BDB Properties, LLC.

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Renovate America Closes $40M Credit Facility

The San Diego company doubled the total available capital through its line with ING Capital LLC.

SD 500: Randy Bogle


Randy Bogle, the executive director of the Military Advisory Council, serves on many civic and nonprofit groups. After retiring from a Navy career that included stints as a naval aviator and a post at Space and Naval Warfare Systems Command, Bogle joined D.P. Associates, which provided courseware to Naval and Marine units. In 2004, DPA was acquired by L-3 Communications.

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Thursday, December 21

2017 Newsmakers: Westfield UTC Crafts a Destination

No longer just a place to shop, Westfield UTC has become a place for people to work, wander and explore with its newest expansion — a $600 million undertaking.

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2017 Newsmakers: IDEA1 Creates Inviting, Inspiring Space

Downtown San Diego’s East Village got a building with a very different perspective with the November completion of the $91 million IDEA1 project that combines office space, apartments and retail space.

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2017 Newsmakers: High-End Properties Rise in Downtown

Downtown San Diego’s housing market headed for the stratosphere in 2017 with construction of Pacific Gate — dubbed by its developers as the city’s first “super prime” condo complex.

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Stone Brewing Selling Beers in China, Officially

The company’s brews had been available in China through the so-called grey market without company approval.

AbacusNext Acquires a N.H. Accounting Software Specialist Firm

With the new addition, AbacusNext, which offers technology solutions for legal and accounting professionals, grows to 465 employees.

High-End Workout Apparel Co. Opens a Pop-Up Store at The Shoppes at Carlsbad

Graced by Grit was founded by Kimberly Caccavo and Kate Nowlan.

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EvoNexus Adds New Board Members, Including a Qualcomm Exec

Brian Modoff is executive VP of strategy, M&A and ventures at Qualcomm. gets More Seed Money, Shuffles C-Suite

The San Diego startup has now raised a total $2.8 million.

GA-EMS to Develop Advanced Propulsion System for Unmanned Undersea Vehicles

General Atomics Electromagnetic Systems Inc. said on Dec. 20 that it received a contract to develop a motor for unmanned undersea vehicles.

Rancho Bernardo Raddison Hotel Sold

The 178-room Radisson Hotel in Rancho Bernardo has been sold for an undisclosed price.

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Wednesday, December 20

At 125, San Diego Hardware Ages Well By Evolving Well

RETAIL: Family-Owned Biz Stays Nimble, Finds Niche, And Delivers Online

This month San Diego Hardware entered its 125th year of business, making it the seventh longest continuously operating business in the city.

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Conditions Continue to Favor Cos. Ready to Take IPO Plunge

FINANCE: Analyst Expecting Strong Market In 2018 for S.D. Cos.

Robust equity markets and high investor confidence are likely to spur some local companies to go public next year. That’s according to Tim Holl, a San Diego partner with EY, who said the combination played a role in pushing the number of IPOs in the U.S. this year to its highest since 2014.

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Retail Center Rebuild Plans to Arrive With Trolley Extension

Regency Centers is refining plans to redevelop the Costa Verde shopping center in University City with an eye toward getting final city approval in early 2018.

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Children’s Legal Services of San Diego Hires COO

The organization provides legal representation to children in abuse and neglect proceedings.

Spring Valley Apartment Complex Sells for $8M

A Spring Valley apartment complex has sold for $8 million.

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Ionis and Biogen Expand Partnership

Carlsbad’s Ionis Pharmaceuticals and Biogen have expanded their collaboration to identify new drug candidates for the treatment of spinal muscular atrophy (SMA).

Escondido-Based I.E. Pacific Awarded $9.9M Navy Construction Deal

The U.S. Navy awarded Escondido-based I.E. Pacific Inc. a $9.9 million task order for the renovation of bachelor enlisted quarters at Naval Base Ventura County in Port Hueneme.

Kearny Mesa Office Building Brings $12.1 Million

A Kearny Mesa office building has been sold for $12.1 million.

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Monkey King Restaurant Aims to Be a Happening Hot Spot

A new restaurant with an unlikely name – Monkey King – has opened in downtown San Diego’s Gaslamp District.

Tuesday, December 19

New Owner Brings New Strategy for Proton Therapy Center

MEDICINE: It Will Seek Closer Ties With UCSD Health, Bolster Marketing

The region’s first and only proton therapy center has relaunched under new ownership and management after a chapter 11 bankruptcy filing protection last spring.

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Urban Chic Begins to Test the Waters of Suburban Submarkets

PROPERTY: Hipsters Have a New Option: Lemon Grove

San Diego County’s smaller cities within easy commuting distance to downtown might be ready for a more hip, urban housing choice.

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Palm Patio Apartments Sold for $5.7M

The seller plans to renovate the 32-apartment complex in San Diego.

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Cubic Corp. Gets a $40.5M U.S. Army Contract for Mission Support Services

The work is for the Joint Readiness Training Center at Fort Polk, Louisiana, a place for the armed services to conduct realistic war simulations before deployment.

Sirenas LLC Lands Second Bill & Melinda Gates Foundation Grant

The marine-centric biotech, which has now secured $1.68 million, will use the money to discover potential therapies to treat infectious diseases.

Jack in the Box Sells Qdoba for $305M

The deal is expected to close in April.

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Palomar Health Reaches Tentative Deals with Nurses, Caregivers

The agreements, which cover more than 3,000 employees who are seven months into working without a contract, must still be ratified.

Monday, December 18

Bridgepoint Is on Both Defense and Offense

EDUCATION: School Faces Lawsuit, Changes Marketing

In 2010, for-profit Bridgepoint Education moved to a prominent downtown San Diego high-rise. Its name and logo affixed outside the top floors of 600 B Street symbolized the company’s rapid rise.

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2017 Newsmakers: Two Businessmen Look to Bring Our Best to Homeless Problem

RECOGNITION: Two Businessmen Look to Bring Our Best to Homeless Problem

Ideas are fine, but they are nothing without execution. Peter Seidler and Dan Shea saw suffering among San Diego’s burgeoning homeless population. With fellow business leaders, they started to really think about the issue in late 2016 and 2017, and pushed for some sort of fix.

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Tegna to Buy S.D.'s KFMB TV and Radio Stations for $325M

The deal still needs regulatory approval and is expected to close in the first quarter of 2018.

Kratos Reports Getting a Military Contract Worth up to $27M

The company revealed few details of the contract, saying only that it was providing unmanned drone systems to a U.S. government agency.

Genoptix to Buy Rosetta Genomics for $10M

The deal, expected to close during the first quarter of 2018, was unanimously approved by both companies’ boards.

La Costa Townhouse Complex Sold for $6.8M

The townhomes at the 12-unit complex are about 2,200 square feet each.

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Mission Center Office Park Sold

Omninet Capital, LLC has acquired Mission Center Office Park from Kearny Real Estate Company for an undisclosed price.

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Imperial Toy Renews Lease in Otay Mesa

The company, whose products include bubbles and novelty toys, will stay at the Siempre Business Park.

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Sunday, December 17

Report: S.D. No. 1 in Expected Tech Hiring Growth in First Half of 2018

More than half of local tech executives surveyed said they plan to fill vacant roles in first six months.

Executive Q&A Rakesh Patel, Neighborhood Healthcare

In 2002, Rakesh Patel started as a family physician at Neighborhood Healthcare, an organization he now leads.

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Renova Therapeutics’ Drug Receives FDA Fast Track Status

The lead product candidate is a gene transfer drug to treat heart disease.

Becoming Part of The (Health) Plan

Wellness Cos. Help Care and Coverage Providers Find Ways to Effectively Reach and Influence Diverse Customer Bases

Swaying rural teens in Arkansas to stay away from chewing tobacco, a habit ingrained in the local culture, is no easy task. Nor is crafting relatable messages for teens on the dangers of prescription painkiller abuse.

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S.D. Buys Former Super 8 for $6.6M

The city will use the Egger Highlands neighborhood structure for a program that provides housing and access to services for low-level misdemeanor offenders.

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Imperial Beach Apartments Sold for $2M

Buckeye Investments Inc., of Coronado acquired the four-plex apartment building.

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Nuvve Corp. Raises $10M in Series A Round, Focusing on 'Vehicle-to-Grid” Tech

The San Diego-based company aims to accelerate commercialization of its cloud-connected applications, which enable an EV to store and resell energy to the electric grid.

Business Calendar for Week of December 18, 2017

Some of the business events planned in the county for the week of December 18, 2017, and beyond.

S.D. Secures a Good Share Of Military Spending

From Contractors to Personnel, Region Reaps $50.1 Million in Impact From Defense Role

Every year, San Diego County brings in more U.S. Defense Department contracts than many states of the union. In 2017, San Diego’s $8.23 billion in defense wins were more than what the states of Washington and New York received individually.

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We Owe Support to Veterans for Life Transitions

The recent answer to the issue to veteran homelessness in San Diego has been to provide interim beds to keep homeless off the street, like the temporary tent constructed in Barrio Logan and ones opening soon in the East Village and the Midway district. This type of solution will not be effective long term, however.

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Students on Board With Learning and Teaching at Museum

The Maritime Museum of San Diego announced that it teamed up with Gary and Jerri-Ann Jacobs High Tech High to create prototypes for hands-on children’s exhibits that demonstrate the physics of sailing, science behind navigation and simple maritime machines.

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Step Up and Step In to a World of Style and Serene Luxury

Just a heartbeat — four tenths of a mile to be exact — from the heart of downtown Rancho Santa Fe is a striking contemporary single-level estate that breaks the mold of the standard ranch-style home that is typical of the area.

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Region’s UAV Expertise Helps to Transform Military

DEFENSE: Role Has Been Expanding, More Civilian Use AlsoExpected

It was one more example of how the U.S. military is using unmanned aircraft to stretch its abilities.

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Friday, December 15

Jersey Mike’s Subs Opening Second Eatery in Encinitas

The new shop opens Dec. 20 at 138 Encinitas Blvd.

Hotel Market Should Welcome Five Newcomers to the Mix

TOURISM: Experts See No Danger of Downtown Market Being Overbuilt

San Diego’s latest entry into the luxury hotel market — the InterContinental on the waterfront — will mark what tourism officials and others say is a needed boost in the downtown hotel market.

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Thursday, December 14

Signal Jammers Will be Made in S.D. as Part of Northrop Grumman's $23.2M Contract

The Pentagon is asking Northrop Grumman Corp. for more of its JCREW signal jammers.

Stakeholder Groups Endorse Sempra’s Purchase of Oncor

By April the Public Utility Commission of Texas will decide whether to OK Sempra buying Energy Future Holdings, which owns 80 percent of Oncor.

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LRAD Corp. Reports 24% Revenue Gain in Fiscal Year

Revenue for fiscal 2017 was $20.3 million and grew from $16.4 million in fiscal 2016.

In Budget Move, Scripps Health to Cut Corporate Services By $30M

HEALTH: It Will Also Restructure Top Hospital Leadership

Scripps Health will cut corporate services by $30 million and replace the chief executive role at its hospitals with a new leadership model, according to media reports.

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CEO Sees Missing Data Security Link: Merchants

FINANCE: Credit Union Group Wants Security Standards for All

Debra Schwartz, CEO of Mission Federal Credit Union, among the largest such institutions serving San Diego County, recently testified before a U.S. House of Representatives subcommittee hearing on data security.

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Texas Group Plans a San Diego Waterfront Steakhouse

Slated for an October 2018 opening, Del Frisco’s Double Eagle Steakhouse on Pacific Highway would be part of the BRIC marketing district.

Mission Federal Credit Union Pays $39.5M for Scripps Ranch Business Park Building

The buyer will occupy two of the buildings at the Horizon Tech Center and offer the third for lease.

Wednesday, December 13

San Marcos Shopping Center Sells for $4.2M

The center is anchored by a standalone US Bank.

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Pardee Homes Development Opening in Santee

Located just off of State Road 52, the development will include 415 homes arranged in four distinct neighborhoods.

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Atlanta B2B Packaging Co. Leases Escondido Industrial Park Space

Veritiv is leasing the 212,088 square-foot structure being built by Badiee Development at 1925 and 2005 Harmony Grove Road.

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Cali Bamboo Has a New Chief

Doug Jackson, a former divisional vice president with Shaw Industries, became president Nov. 22.

Cubic Aims to Build On Mass Transit Successes

TRANSPORT: Co. Finds Value In Both Big and Small Wins

Paris, Montreal and Toronto. To Cubic Corp., the cities are more than dots on a map. Each could be the next growth opportunity.

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WD-40 Co. Increased Quarterly Dividend by 10%

The corporation has raised its dividend for eight consecutive years.

Tuesday, December 12

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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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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Monday, December 11

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.

Sunday, December 10

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.

Greycroft VC Ian Sigalow to Headline Venture Group ‘Outlook’

One of the founders of Greycroft LLC, a venture capital firm with more than $1 billion under management, is slated to headline the San Diego Venture Group’s annual Venture Outlook event Jan. 11.

Here's Where to Get the Latest Information on Wildfires

Below are sources for information on the fires.

General Atomics Electromagnetic Systems Receives Defense Contract for Satellite System Work

General Atomics Electromagnetic Systems Inc. said on Dec. 8 that it received a contract to support the U.S. Army’s ARGOS satellite system.

Festival’s Funds Go To Breaking the Cycle of Child Abuse

Home Start Inc., a nonprofit child abuse prevention and treatment agency, held its 10th Annual Hallo-Wine Fall Festival recently at the Burnham House, a historic venue near Balboa Park.

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Here’s a Change: Qualcomm in the News for New Chip

Qualcomm Inc. unveiled its next flagship processor, the Snapdragon 845 Mobile Platform, on Dec. 6 at a company event in Maui, Hawaii.

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Net Neutrality Crucial to Competitive Markets

Net Neutrality, an issue the Federal Communications Commission will vote on Dec. 14 that is not being widely covered by the mainstream media, is a regulation that passed during the Obama administration granting all websites equality in steaming service.

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Storybook Charms

On the southwestern edge of Rancho Santa Fe, hidden from view off a quiet tree-lined street is the “Angel House.” The charming Spanish Colonial-style home was designed in 1930 by prolific local architect, Lilian Rice. The long sweeping driveway climbs upward toward a full acre of lavish gardens and beguiling vistas. The inviting storybook home comes into view. The arched wood and glass front doors, flanked by original stained-glass windows, beckon from under a covered veranda. The modernized interior is woven into its historic roots and evokes a sense of permanence and peace.

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Firms Go to Work Making Contributions to the Community

Attorneys get a bad rap, but in San Diego, the legal community works hard to help people in and out of the attorney-client relationship, particularly this time of year.

Brains, Heart and, of Course, Innovation Won the Day at Awards

RECOGNITION: Most Innovative New Products Show S.D.’s Ingenuity

Ten innovative products launched by San Diego companies in the past two years were recognized at Connect’s 30th annual Most Innovative New Product Awards ceremony.

Friday, December 8

Keynote Speaker Selected for SDVG's Venture Outlook Event

One of the founders of Greycroft LLC, a venture capital firm with more than $1 billion under management, is slated to headline the San Diego Venture Group’s annual Venture Outlook event Jan. 11.

Metacrine Gets $22M 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.

Business Calendar for Week of December 11, 2017

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

Thursday, December 7

The U.S. Air Force Awards Northrop Grumman Corp. a $58.2M Contract

Work will be performed in San Diego and Qatar.

Proton Therapy Center Relaunches with New Ownership

California Protons is one of only two proton therapy centers in California and 25 nationwide.

Center for Sustainable Energy Names Interim President

The nonprofit has tapped Lawrence Goldenhersh while it conducts a national search.

North Park Mixed-Use Complex Sold for $4.1M

The three-building complex in North Park includes retail shops, three second-story apartments, and medical offices.

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Three S.D. Scientists Receive Breakthrough Prize

Three high-profile scientists took home the prize billed as the Oscars of Science.

Here's Where to Get Latest Info on Wildfires

Below are some information sites with news and updates on the fires.

AbacusNext Taps Mike Skelly for CFO

The San Diego business that provides office information technology as a service made the announcement Dec. 5.

Brains, Heart and, of Course, Innovation Won the Day at Awards

Most Innovative New Products Show S.D.’s Ingenuity

Wednesday, December 6

Qualcomm Processor to be Used in Asus and HP Computers

Qualcomm Inc.’s top-of-the-line processor is at the center of new personal computers running the Windows operating system.

Hyatt Place Hotel in Vista Sold

The 150-room Hyatt Place hotel in Vista was sold for an undisclosed price to Brighton Management.

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Kearny Mesa Office Building Sells for $4.2M

A Kearny Mesa office building near Sharp Memorial Hospital and Rady Children’s Hospital sold for $4.2 million.

NanoCellect Raises $10M in Funding Round

San Diego biotech raised $10 million in a Series B round, led by investment from Illumina Ventures.

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Anzu Partners Closes $128M Fund, Opens La Jolla Office

Anzu Partners, a private equity and venture capital firm that recently closed a $128.4 million fund to invest in industrial technology companies, has opened an office in La Jolla.

Tuesday, December 5

Indoor Rec Center Finds a Home in Carlsbad

House of Air has opened in a 34,000 square-foot space.

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JMI Equity Promotes Two to General Partner

San Diego-based private equity firm has promoted Suken Vakil and Randy Guttman to general partner.

Rancho Bernardo Exercise Studio to Combine Yoga and Float Therapy

Yauvana Yoga & Float is set to open in January.

GA-ASI Hosts Aerospace Accelerator Pitch Competition

Starburst brought young aerospace companies together with potential funding sources.

Pacific Beach Apartments Sold for $4M

A 10-unit Pacific Beach apartment complex has been sold for $4 million.

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Section 32 Adds A Key Player to its Roster

The venture capital firm in San Diego that was launched earlier this year by former Google Ventures CEO Bill Maris has added a big name in health care.

Adamis Applying for Approval of Product that Treats Opioid Overdose

the pharmaceuticals company has submitted an application to the U.S. Food and Drug Administration seeking to begin human testing of a drug and product combo for treating opioid overdoses.

Broadcom Puts Up Candidates for Qualcomm Board, Setting Up Showdown

The debate over the future of Qualcomm Inc. turned into a power struggle on Dec. 4, when Broadcom Ltd. nominated candidates for all 11 seats on Qualcomm’s board of directors.

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Monday, December 4

CUSO, Sorrento Pacific Acquired by Private-Equity-Backed New York Co.

San Diego-based broker dealers CUSO Financial Services LP (CFS) and Sorrento Pacific Financial LLC (SPF) have been acquired by Atria Wealth Solutions, a holding company in New York.

Classy has Banner Giving Tuesday Fundraising

The San Diego software startup, an online fundraising platform for nonprofit organizations and social ventures, reported a record Giving Tuesday on its platform.

Investors Win Class-Action Status in SeaWorld Lawsuit

Investors who sued SeaWorld Entertainment for misleading on the impact of the documentary “Blackfish” have been granted class-action status.

New York Co. Acquires Coastal Salt & Soul

San Diego-based company, which makes ocean-inspired body care products, has been acquired by Beauty Partners LLC.

Mission Gorge Shopping Plaza Sold for $10.1M

The Riverdale Shopping Center in Mission Gorge has been sold for $10.1 million.

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Sunday, December 3

Human Longevity CEO Makes Quick Exit; Venter Back in Top Spot

Human Longevity Inc. CEO Cynthia Collins is out after less than a year in the top spot at the San Diego-based genomics company.

USD Receives $20M Gift to Support New Business School Home

Don Knauss, chairman of the University of San Diego Board of Directors, and his wife, Ellie Knauss, are donating $20 million to the university to launch the planning and construction of a new $67 million home for its business school.

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Pentagon Exercises Option Adding $20.9M to Viasat Deal

The Pentagon bought six months of satellite communication services from Viasat, exercising a $20.9 million option to an existing services contract.

The Business Calendar for Week of Dec. 4, 2017

Some of the business events planned in the county for the week of December 4, 2017, and beyond.

State Attorney General Files a Lawsuit Against Bridgepoint Education

California is suing for-profit Ashford University and its parent company, San Diego-based Bridgepoint Education, alleging false promises to persuade students to enroll in the online school.

Vista-Based TetraVue Receives Additional Funding Backing Its 4D, High Resolution Cameras

Vista-based company TetraVue, a developer of high-definition 4D LIDAR technology, said it has received additional funding to accelerate the commercialization of its long range, high-resolution 4D camera.

R.A. Burch Construction Gets $22.5M Navy Deal

The U.S. Navy awarded R.A. Burch Construction Co. Inc. a $22.5 million task order for demolition, repair and renovation of buildings at Marine Corps Air Ground Combat Center at Twentynine Palms.

Viasat’s New Brand Matches Its New Horizons

Viasat Inc. says it is retiring its Exede and Yonder brands.

Viasat Inc. says it is retiring its Exede and Yonder brands. They served the company well, but now the corporation’s consumer-facing internet services will use the Viasat brand, too. Satellite internet services for the aviation community will also carry the Viasat brand.

Companies Get In Position to Profit From 5G Arrival

Once 5G wireless technology hits the market, it should spread fast … nearly as fast as it slings data over the airwaves.

Odonate’s Planned IPO Aims for $150 Million Mark

Odonate Therapeutics has stated terms for its eye-popping $150 million initial public offering, the latest from the stealth IPO that emerged in mid-November.

State Ignores Sovereignty in Cannabis Regulations

In attempting to work with the state of California to craft cannabis regulations mandated by Proposition 64, several tribes hoped for the type of collaborative engagement and respectful dialogue experienced by our native counterparts in Nevada and Washington.

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Natural Beauty, Inspired Touches Make for a True Masterpiece

High on a hill above Shelter Island at the end of a quiet cul-de-sac in Point Loma is one of San Diego’s most magnificent estates. The home is hidden from view by mature trees and a sturdy wooden gate.

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Founders Gala Raises Record Amount For USD Scholarships

The University of San Diego announced that its Founders Gala held recently at the Jenny Craig Pavilion generated a record-setting $1.3 million for scholarships for deserving USD scholars and student who are veterans. Proceeds from the evening supported the Founders Endowed Scholarship Fund and established a new, endowed scholarship fund in the amount of $500,000 dedicated to USD student veterans.

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Endeavor Finds Investor Interest as It Raises Required Capital

BANKING: Bank Plans Number of Events to Address Potential Investors

Endeavor Bank, which received the go-ahead from the Federal Deposit Insurance Corp. to start raising initial capital, plans to close its financing period in mid-December.

Asset Management Co. Gives Lessons in Team Building

Firm Taps Technology, Research and Vision To Serve Growing and Changing Clientele

Michael Johnson first became a manager at a relatively young age, inheriting oversight of his first team, at Moody’s Investors Service, when he was about 30, then other teams, and later another at Merrill Lynch & Co., in New York.

Report Finds Wine Sector Making $30.4M Economic Impact

AGRICULTURE: Industry Creates About 700 Jobs With 116 Local Wineries

A report commissioned by a local advocacy group for the wine industry in San Diego County said it generated $30.4 million in regional economic impact in 2016.

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S.D. Set for a Big Role as Biotech Irras Maps Out Strategy

BIOTECH: S.D. Could Be Headquarters; Co. Lists First in Europe

What does Sweden’s stock market have to do with San Diego? Look no further than the company Irras Ab.

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S.D. Among Top 10 Least Affordable for Homebuyers

The reason housing is so pricey in San Diego and elsewhere in California is simple — more people chasing fewer homes, said Cristina Jisa of Yardi Systems Inc.

Onetime condos sold as apartments in prime Torrey Hills

A Torrey Hills apartment complex that was designed as condominiums has been sold for an undisclosed price. Elevated on a bluff with a panoramic view Torrey Pines State Reserve and the Pacific Ocean, the 100-unit Ocean Air luxury apartments were sold to Ocean Air L.P., an affiliate of R&V Management Corp.

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Community Spirit and Spirits May Be Good Mix at Mall

A combination cocktail bar and tasting room by CH Projects is set to open in the Westfield UTC mall in January. Raised by Wolves by CH Projects will include 1,500 square feet of retail space and a 2,000 square foot cocktail bar and tasting room designed by Paul Basile of BASILE Studio.

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S.D.’s ‘Civic’ Startups Make Progress

The Innovation That Matters report, released in October, assessed the health of the startup communities in 25 U.S. cities based on economic data and an online survey of about 400 startup community leaders.

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Achates Power’s Efficient Engines Expected to Be in Demand

ENERGY: Investors See Future for Cost-Efficient, Energy Saving Product

Don’t count on the gas engine to go away just yet. There is still a long way to go before electric power displaces gas and diesel, said David Johnson, CEO of Achates Power Inc. in Sorrento Valley.

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SDSU’s Mission Valley Proposal Seeks True College Campus Feel

PROPERTY: Educational And Environmental Aspects Could Be Selling Points

A $3 billion project proposed by San Diego State University to replace the Mission Valley site of the former Qualcomm Stadium would include a walkable campus, a new stadium, classroom buildings, retail shops and residences.

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Jack Disappoints on A Couple of Fronts

DINING: Revenue Drops; Results Miss Analysts’ Mark

The 726 Qdoba restaurants may be more coal than candy for Jack in the Box Inc.

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Company Is Still Founder’s Baby

RETAIL: New Owner Provides Support to Grow $25M Business

When Compass Diversified Holdings/ ERGObaby Carrier Inc. first came knocking at Baby Tula’s door back in 2015, founder Ula Tuszewicka was not only caught off guard, she was simply not interested.

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CRO Navigates Tough Preclinical Testing Stage for Cos.

BIOTECH: Challenges Are Big And Small in Testing on Animals

Explora Biolabs is part of San Diego’s biotech cluster. But CEO Richard Lin likens the company to a hotel.

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High Speed Rail Work Reaches San Diego

TRANSPORT: Contracts Spread Throughout State

Never give up, could well be the motto of Bernard Johnson’s San Diego contracting firm — The Bernard Johnson Group.

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