Stories for December 2018

Sunday, December 30

FTC’s Antitrust Case Against Qualcomm Set for Trial

The FTC's case challenging Qualcomm's licensing practices will go to trial on Jan. 4.

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California Pacific Airlines Suspends Carlsbad Operations Due to Pilot Shortage

According to a press release, impacted cities include Carlsbad, San Jose, Reno-Tahoe, Las Vegas and Phoenix-Mesa.

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Lemon Grove Apartments Sold For $3.3M

Complex has 16 apartments

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Business Events Calendar for Week of December 31, 2018

Business events planned in the county

Thursday, December 27

Cohu Names New Board Member

Cohu Inc., the Poway-based maker of test equipment for electronics factories, has named Ritu Favre to its board of directors, increasing the number of board seats from eight to nine, effective Jan. 2.

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North Park Apartments Sold For $4.4M

Complex has 25 apartments

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Kimpton Solamar Hotel Names Justin Gentry as General Manager

Gentry joined Kimpton Solamar Hotel as director of rooms in 2013.

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Wednesday, December 26

Blind Entrepreneur Has Vision For Improved Guide System

Kelvin Crosby was thrilled when he rode in the driver’s seat of an autonomous car for the first time. An adaptive technology instructor for the San Diego Futures Foundation, Crosby was at the Consumer Electronics Show in Las Vegas two years ago.

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Sorrento Mesa Office Building Sold For $24.8M

Building was renovated in 2017

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Poway Industrial Building Sold For $2.5M

Building was used by Green Flash Brewing

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Andy Altman Joins CourseKey Board

Andy Altman, co-founder of GigTown, has taken a seat on the board of directors at CourseKey Education. The latter company made the announcement in late December.

San Diego Museum Council Hires New Executive Director

Miller-Coleman is set to start in her new role starting January.

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Tuesday, December 25

Equillium Definitely on Fast-Track With Drug

PHARMA: FDA Designation, Early IPO Work in Co.’s Favor

Equillium went from founding to a Nasdaq listing in only 16 months, indicating a biotech moving at warp speed.

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Lean Strategy Makes the Most Of This Part-Time Workforce

Fortis Therapeutics wants to treat late-stage cancers with unique science — and an uncommon business model: zero full-time employees.

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Gossamer Bio Files for IPO

San Diego based company file for IPO.

Raytheon Gains $21.7M Contract for Ship Electronics Work

The U.S. Navy announced it has awarded a $21.7 million contract modification to the San Diego office of Raytheon Co. The deal covers life cycle engineering and support services for the integrated shipboard electronic systems of the San Antonio-class amphibious ships.

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Business Events Calendar for Week of December 24, 2018

Business events planned in the county.

Sunday, December 23

EvoNexus Launches New Round of Applications with Cubic, Viasat

Evonexus opened a new round of applications for tech startups, with partnership from Cubic Corp. and Viasat Inc.

Accessory Co. Tries to Stay Step Ahead of Devices

RETAIL: Carriers, Cases Both Protect and Stylishly Promote Products

It was the combination of a padded postal envelope and a pricey laptop that inspired Ethan Nyholm, founder and global CEO of STM Brands, to design his very first laptop bag back in 1998 while attending college for business marketing in Sydney, Australia.

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Sempra Unit Acquires Transmission Infrastructure in Chile

Chilquinta Energía, the electric utility in Chile owned by Sempra Energy, has closed its acquisition of two major transmission lines for $225.5 million cash. The seller was a South American subsidiary of Virginia-based AES Corp.

California Life Sciences Association Names New CEO

Mike Guerra will succeed Sara Radcliffe as the president and CEO of the California Life Sciences Association, the trade group announced this week.

Benchmark Brewing Signs New Distribution Contract

Thanks to its attorneys, according to Benchmark co-founder, Rachael Akin, the brewery will be able to remain in its headquarters, hopefully at least until the contract runs out in seven years.

Accelerator to Drive Diversity, Development

STARTUPS: Community to Get Needed Business ‘Infrastructure’

San Diego’s tech sector is hitting its stride, with tech giants such as Amazon, Google and now Apple moving in. New accelerators and coworking spaces are cropping up downtown and in University City. But some parts of town have yet to reap the benefits.

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Actions Needed to Control, Cut Emissions

It’s never been clearer. Our continued use of fossil fuels to power our lives will worsen climate change. The 4th National Climate Assessment warns of dire consequences by 2050 if climate-altering pollution isn’t drastically reduced.

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Philanthropy: Cavignac Employees’ Contributions Help Ensure a Healthy, Happier Community

As part of a 19-year-long holiday tradition, employees of Cavignac & Associates, a San Diego-based risk management and insurance brokerage firm, donated to those less fortunate in the community, giving more than $21,000 out of their own paychecks to a number of local nonprofit organizations.

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These Walls Do Talk, Telling a Tale of a Colorful History

Imagine a time 100 years ago when the city of Vista was a mere 1,000 or so residents and was just coming into its own. In 1923, water was finally being brought in from Lake Henshaw and settlers from all over the world were populating the area with agricultural and business pursuits.

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First New Local Bank in a Decade Delivers

2018 Newsmakers

Dan Yates and Steve Sefton accomplished quite a feat in 2018 by opening the first new locally based bank in San Diego County in more than a decade.

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Cryptocurrency Strategy Leading to Possible IPO

2018 Newsmakers

Silvergate Bank CEO Alan Lane took a gamble in 2014 when he decided to accept deposits from cryptocurrency exchanges. So far, that bet has paid off.

Palace Intrigue Is Outside The Walls of Qualcomm

2018 Newsmakers

For the first time since Qualcomm Inc.’s founding, a member of the Jacobs family is no longer at the helm of the San Diego-based chipmaking giant.

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High-Profile Role For Ionis in Local Pharma Sector

2018 Newsmakers

Every month in 2018 seemed to bring a major development at Ionis Pharmaceuticals, from a $1 billion deal to hope in Huntington’s disease.

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Dexcom Makes Diabetes Monitoring Breakthrough

2018 Newsmakers

Dexcom soared to new heights after the rollout of its G6 diabetes monitoring system — a small patch on the abdomen that continuously beams glucose level data to a smartphone and notifies users of dangerous glucose levels.

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Founder Departure Not Only Setback at Human Longevity

2018 Newsmakers

Once the toast of the town, Human Longevity Inc.’s valuation sunk to $310 million, down more than 80 percent from early 2017.

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Illumina Makes Statement with $1.2B Acquisition

2018 Newsmakers

Locally, billion dollar deals normally end with a San Diego firm being acquired. Tell that to Illumina.

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City Will Have to Revisit Short-Term Rental Issue

The city of San Diego in 2018 finally addressed the issue of short-term rentals only to have that progress upended by opponents.

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California Pacific’s Flight Plans Put to Test

2018 Newsmakers

After attempting for a decade to get the privately held commercial service airline off the ground, Ted Vallas’ California Pacific Airlines finally launched with its inaugural flight Nov. 2 out of Carlsbad’s McClellan-Palomar Airport.

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Table Games: Del Frisco’s Bets Big On Its Steaks

2018 Newsmakers

On Nov. 3, Del Frisco’s Double Eagle Steakhouse at the waterfront InterContinental San Diego hotel opened its doors. Despite joining the buzzing downtown area, which is saturated with nearly a dozen other steakhouses, business at the 16,650 square foot, $10 million, two-story restaurant is “as good as projected,” said a spokesperson.

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RAF Pacifica Makes Big Exit From Industrial

2018 Newsmakers

Adam Robinson’s RAF Pacifica scored one of the biggest real estate deals of the year in October with the $170 million sale of 12 industrial and office buildings in North County and Temecula.

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Massive Waterfront Project To Be Transformational

2018 Newsmakers

After more than a decade of planning and a flurry of lawsuits, developer Doug Manchester in June broke ground for construction of the $1.5 billion Manchester Pacific Gateway project to remake 13.5 acres of downtown San Diego.

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Will Convention Center Meet Its Potential?

2018 Newsmakers

A drive to expand the San Diego Convention Center sputtered when it was ruled that a count of eligible voters came up short, thus, failing to get a financing plan to pay for an expansion on the November ballot.

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SDSU West Must Make Concrete Plans for Site

2018 Newsmakers

San Diego State University won big time in 2018 when voters gave the university the right to expand onto the Mission Valley site of the former Qualcomm Stadium.

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Zero Net Energy for New City Document Storage

C.W. Driver Cos. recently broke ground in Santee on what the company said will be the first-in-the-nation zero net energy building to maintain strict temperature and humidity conditions for storing archives.

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Realtor Association Executive Predicts Flat Home Sales for 2019

San Diego County home sales were down significantly in November, continuing a trend that real estate agents started noticing at the end of summer.

Local Economic Forecast for 2019

Get ready for the day … and the year. A panel of specialists will offer their forecasts for business in 2019 when the San Diego Business Journal presents its Economic Trends breakfast.

A Goodbye to A Community Of Business

This is my farewell column as I depart the San Diego Business Journal after 4½ years as Editor-in-Chief.

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Friday, December 21

San Diego Startup Acquires Image Forensics Leader

San Diego photo verification startup Truepic will acquire Fourandsix, a forensics company.

Thursday, December 20

Polish Oil & Gas Signs Up for Sempra LNG Exports

Polish Oil & Gas Co. has signed a definitive agreement with San Diego-based Sempra Energy to export liquefied natural gas (LNG) through Sempra’s proposed Port Arthur, Texas liquefaction and export facility. The pact could lead to 20 years of exports.

Trailblazing Bank Finds a Way to Bring Its Identity Up to Date

FINANCE: Name Change Brings Diversified Services More Fully Into Operations

What does the word “internet” mean to you? For the average reader, it’s not quite what it meant during those heady dot-com days of 20 years ago.

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Renters Plot Their Next Moves in Tight Market

High occupancy rates and rising rents are good news for San Diego apartment investors, but the flip side of that is that a good chunk of San Diego renters are looking to move elsewhere, indicating that apartment owners might have a growing turnover.

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Guild Mortgage’s Acquisition Strategy Goes After Companies and Talent

As the mortgage market gets more competitive and the wider economy grows more volatile, Mary Ann McGarry and her fellow investors at Guild Mortgage are taking things in stride.

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Ionis Succession Plan Puts New CEO at Helm in 2020

Ionis Pharmaceuticals, one of San Diego’s largest drugmakers, will have a new CEO in 2020.

Cisco to Acquire Carlsbad Semiconductor Company for $660 Million

Cisco will acquire Luxtera, a Carlsbad semiconductor company, for $660 million.

Qualcomm Wins iPhone Ban in Germany

A court in Germany ruled that Apple had violated a Qualcomm hardware patent, leading to a ban of the sale of certain iPhone models.

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MG Properties Acquires Apartments Near Sacramento

Three complexes purchased

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San Diego Has Second Lowest Unemployment Rate Among State's Metro Areas

San Diego’s third quarter unemployment rate came in at 3.2 percent, down from 3.7 percent in the second quarter.

Wednesday, December 19

EcoAtm Founder Named Head of EvoNexus Irvine

EcoATM Founder Bob Genthert will serve as the next head of EvoNexus' incubator in Irvine.

Pacific Plastics Injection Molding Acquired by Diversified Plastics Inc.

All Pacific Plastics employees, including all of its C-level executives, will remain post-acquisition.

Judge Dismisses HLI Lawsuit Accusing Venter of Trade Secret Theft

A California court on Dec. 18 dismissed a lawsuit in which Human Longevity Inc. alleged that former CEO Craig Venter took trade secrets.

COMMENTARY: Consider the Harms of Digital-Tech Regulations

Digital technology and digital business tools are helping entrepreneurs succeed in ways that were unthinkable when I joined the corporate world 20 years ago.

Epipen Alternative to Bring Good News to Price Sensitive Users

Adamis Pharmaceuticals’ epipen alternative will launch nationally in the first quarter of next year, the company said in a recent update.

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Marriott Shows Its Moxie In Pursuit Of Millennials With Opening of Moxy

Downtown San Diego has a new hotel that “flips the conventional hotel service model on its head.”

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Medical Tourism Still Needs A Shot in the Arm

A medical tourism campaign touting San Diego’s hospitals, genomics companies and sunny weather is trying to find its groove.

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Local Owners Are Hands-On With Crafting Version of Queen Bee Market

Fun fact: Did you know that the Queen Bee Market, the bi-annual two-day shopping event that features handmade items from more than 100 local and national artisans and is held at the Del Mar Fairgrounds, is owned by two San Diego-based sisters?

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Senior Living Co. Taps Forbes’ Program To Upgrade Its Service to Luxury Level

Kisco Senior Living doesn’t want to be the traditional, medical-facility-like convalescent home.

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Tuesday, December 18

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.

Monday, December 17

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.

Former Ignyta Talent Launch Erasca with $42M Round

Serial biotech entrepreneur Jonathan Lim is back at it.

$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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Sunday, December 16

Aethlon Medical Appoints Interim CEO

Aethlon Medical, a San Diego company, named Timothy Rodell as interim CEO, it was announced Dec. 13.

Carlsbad Office Building Sold For $2.5M

Buidling is in the Carlsbad Raceway Business Park.

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Tech Coast Angels San Diego Launches $2.2M Fund

Tech Coast Angels San Diego created a new, $2.2 million fund.

City Heights Apartment Building Sold For $4M

Building was renovated in 2014-15.

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New Accelerator Marries San Diego’s Strengths in Life Sciences, Software

Nex3 will launch a new digital health accelerator in San Diego.

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Genomics, Big Data and Talent Power Agbio Scene

Technology, Talent Keep Area’s Agriculture Growing Strong

Decades ago on North County farms, the Ecke family turned the poinsettia into a top-selling Christmas plant. From former Ecke land, Cibus again wants to put the region on the map.

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Farming Problems Get Tech Solutions as Cos. See an Open Field

Technology, Talent Keep Area’s Agriculture Growing Strong

Bright green avocado trees dot the hills surrounding San Diego County, while tens of acres of multicolored ranunculus flowers bloom each year in Carlsbad.

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Mission Federal Makes Move to Scripps Ranch

Mission Federal Credit Union announced on Dec. 14 that it has moved its administrative offices to Scripps Ranch.

Business Events Calendar for Week of December 17, 2018

Some of the business events scheduled in the county.

Brain Corp. Happy to Help Walmart Clean Up

By the end of January, retail giant Walmart will have 360 floor scrubbers powered by Brain Corp.’s AI technology. The BrainOS platform teaches commercial cleaning machines to become self-driving.

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Netradyne Will Work With Hyundai

Netradyne, a San Diego-based startup that makes software for commercial fleets, will work with its longtime partner to develop HD maps for self-driving cars.

Philanthropy: Philanthropist’s $2M Gift Will Help Students Become the Next Innovators

The Academy of Our Lady of Peace has received a $2 million donation from Darlene Marcos Shiley. This is the largest cash gift ever received by OLP.

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Friday, December 14

SeaWorld Entertainment Inc. Says DOJ Ending 'BlackFish' Probe

According to the SEC filing by SeaWorld, the U.S. Justice Department notified the company that it has decided not to take actions against the company.

Thursday, December 13

Renters Stay Put Rather Than Face Tough Local Market

Demand for rental apartments has reached near record highs in San Diego, even as the market for single family home sales continues to soften.

Palisade at UTC Rolls Out Red Carpet of Amenities for Renters

Looming above University City at the edge of the Westfield UTC mall, the 23-story UTC Residential Tower passed a construction milestone in November with the topping off of the building.

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Trends in Office Design Include Collaborative Areas, Access to Amenities

When it comes to keeping up with the latest trends in urban designs, the San Diego lifestyle plays a major role in what comes to fruition.

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Seven San Diego Companies went Public in 2018

San Diego saw seven IPOs in 2018, largely dominated by life sciences companies.

Sempra Completes Asset Sale to Con Edison

Sempra Energy announced on Dec. 13 that it wrapped up its sale of U.S. solar assets to Consolidated Edison for $1.6 billion in cash.

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Neurocrine’s Tourette Syndrome Drug Misses Primary Goal

San Diego-based Neurocrine’s drug for Tourette syndrome failed to meet its primary goal in a mid-stage clinical trial, the company reported Dec. 12.

San Diego Company Completes Colorado Medical Center

Center will serve nearby sports facilities

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San Diego Strike Force, Pechanga Arena Announce Indoor Football League Arrival

According to a press release, the San Diego Strike Force will play at the Pechanga Arena San Diego, formerly known as the Valley View Casino Center, beginning in late February, when the 2019 IFL season launches.

Apple will open new San Diego site, employing 1,000

Apple Inc. plans to open a new site in San Diego, that will add 1,000 jobs over three years.

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Wednesday, December 12

Entrepreneur Won’t Let Eco-Opportunity Go to Waste

Last year after a holiday dinner, Marina Qutab’s father asked her what she hopes her legacy would be.

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Following the Local Biotech VC Funding Trail

The San Diego Business Journal frequently chronicles local funding rounds and the big dreams that accompany them. But what about the largest venture capital sources locally?

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Plaza Buyers Looking for Right Mix to Make Property Shine

PROPERTY: Creating An Inviting Vibe for Millennials Part of Plan

When Patty Brutten and Marc Brutten’s Brixton Capital real estate investment firm bought Del Mar Plaza in February 2017, they were surprised at what they found.

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Kratos to Ride Aboard 7-Year Space Vector Contract

Kratos Defense and Security Solutions Inc. said on Dec. 12 that it is a subcontractor to Space Vector Corp. on a rocket project that may last up to seven years. The financial implications to Kratos (Nasdaq: KTOS) were not immediately clear.

House Bill Would Further Delay Medical Device Tax

Recently proposed legislation would further push back a 2.3 percent excise tax on medical device makers, San Diego’s ResMed, NuVasive and Ra Medical Systems among them.

JMI Equity Raises $1.2B for Ninth Fund

JMI Equity raised $1.2 billion for its ninth fund. It will continue to invest in fast-growing software companies.

Oceanside Mixed-use Project Sold For $5.5M

Building is fully occupied

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Eastlake Office Building Sold For $2.6M

Building is leased to Loan Depot.

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Tuesday, December 11

San Diego Economic Surveys Find Optimism Holding Fast

ECONOMY: Craft Beer, Tourism and Overall Picture Remains Bright

Although big beer has been lurking around the craft beer neighborhood lately, it seems the latter isn’t too worried about the presence of the former just yet.

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UTC Unit Moving Work to Mexicali; 300 Layoffs Expected

2020 will be the end of an era as manufacturing at Chula Vista’s major aerospace plant — now overseen by the Collins Aerospace unit of United Technologies Corp. — winds down.

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Carlsbad Office Building Sold For Undisclosed Price

Building was constructed for Hughes Aircraft

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Analytics Ventures Launches AI-Powered Trading Platform

Analytics Ventures, a San Diego venture studio, added an AI platform for stock trading to its portfolio.

Sandler Partners to Resell Viasat Service

Viasat Inc. has entered an agreement with Sandler Partners that will let Sandler resell the Carlsbad company’s satellite internet service to business customers. Financial terms of the deal were not disclosed.

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Oceanside Navy Credit Union Site Sold For $4.4M

Credit union renewed lease for 10 years.

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Sensementrics Inc raises $10M with close of series A round

San Diego IoT startup Sensemetrics closed a series A round led by X2 Equity.

Monday, December 10

‘Most Innovative’ Products’ Are a Magnificent Seven

Connect, San Diego’s oldest startup accelerator, recognized seven companies with ground-breaking technologies on Nov. 29. This year’s winners designed products that are better, faster and stronger than the competition.

Utilis Is a Resource for Finding Water Leaks

SERVICE: Satellite Imagery Helps Detect General Location

The drinking water flows from a source in the mountains to the customer’s tap, but somewhere in the sprawling network of pipes, part of it disappears.

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Callaway Is Game for Apparel, Gear Market

SPORT: Golf Still Strong Suit, While on Acquisition Course

Callaway Golf Co. is taking a shot.

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Healthcare District Dumps At-Large Elections

HEALTH: Grossmont Makes Move; Palomar Considers Election Change

Under the threat of a lawsuit from a Malibu attorney, one San Diego hospital district is moving to a new type of election system, while another will consider doing so.

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Mission Federal Names CIO

Mission Federal Credit Union has named Jojo Seva as its chief information officer, making the announcement on Dec. 10. Seva is a recognized leader in core banking system technology, artificial intelligence, enterprise digital transformation and information security.

Pfizer Move to Transfer 100 Jobs to San Diego

Pharmaceutical behemoth Pfizer is set to close a South San Francisco site and relocate 100 jobs to its research and development campus in La Jolla.

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China Bans Some iPhones after Qualcomm Wins Preliminary Injunction

China banned the sale of several older iPhone models after a court found Apple violated two of Qualcomm's patents.

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Schwartz Semerdjian Cauley & Moot Acquires Small & Schena LLP Firm

Attorneys William F. Small and John A. Schena will be joining Schwartz Semerdjian Cauley & Moot as partners starting Jan. 2, 2019.

Mitek Cuts Chief Operating Officer

Mitek Systems will cut its chief operating officer in January. Mitek also received a bigger offer from ASG Technologies, which has been looking to buy the company.

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Sunday, December 9

Report: Human Longevity’s Valuation Falls 80%

Human Longevity Inc.’s latest valuation: $310 million, down more than 80 percent from early 2017, according to the Wall Street Journal.

Pechanga Sports Arena Naming Rights Approved

The city will receive approximately $40,000 per year from the Naming Rights Agreement, or approximately $63,000 if the term expires in 2020.

Qualcomm to Cut 125 From San Diego Offices

Qualcomm will cut 125 employees from its offices in San Diego and Raleigh.

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BAE Systems Wins $79M Ship Repair Contract

The U.S. Navy awarded BAE Systems San Diego Ship Repair in Barrio Logan a $78.8 million fixed-price contract to maintain, modernize and repair the USS Shoup.

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Character Is Amenity For East Village Office

PROPERTY: SuperBlock to Offer Classic, Large Space

The former home of Jerome’s Furniture — an East Village landmark in downtown San Diego for nearly 50 years — will be transformed into a new landmark of sorts.

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CEO Meets, Defeats Challenges, Turns to Helping Others

From the dot-com bubble burst to selling her company, Kim Perell has seen a little bit of everything as an entrepreneur.

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SDBJ INSIDER Pack You Baggies: Here Comes Cannabis Tourism

One of my must-reads every December is the Hotel Guru’s Top 10 Hospitality Market Trends, in which Robert Rauch of RAR Hospitality predicts what will be making news in the coming year.

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RF Industries Chalks Up 87 Percent Growth

RF Industries, which makes specialized electronic connectors, said it increased annual sales 87 percent in the recently ended fiscal year. Fiscal 2018 sales were approximately $58 million, compared to $31 million in fiscal 2017.

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Business Calendar for Week of December 10, 2018

Business events scheduled in the county.

Hit the Surf or Savor the Seclusion at This Encinitas Beach House

This home on the bluff in Encinitas embodies everything the term “luxury beach house” conjures up.

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Mattis: Military Needs Sustained Funds, High-Tech Tools

Defense Secretary James Mattis called for continued, robust defense spending during a Dec. 1 appearance at the Ronald Reagan Presidential Library in Simi Valley, and appealed for help from California’s advanced technology sector. I

Oxeia Leading the Pack on Potential Concussion Treatments

Oxeia Leading the Pack on Potential Concussion Treatments

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Philathropy: Midway Foundation Backs JFS’ Military Service

Jewish Family Service of San Diego was awarded a $10,000 grant from the USS Midway Foundation to support its Hand Up Food Pantry, which provides groceries, diapers and other essentials to local military families and other San Diegans in need.

Local Spending Pays Off For the Community

When small business fails, we are all impacted but rarely understand why.

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Finding Some New Favorites

From new coffee shops to a new mezcal (or mescal) bar and tasting room, San Diego continues to grow its food and beverage scene with a bushel full of openings starting this holiday season through 2019.

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Making Some Changes

Although definitely not new to the neighborhood, some others around town are getting some pretty noteworthy facelifts.

Friday, December 7

Escondido Industrial Buildings Sold For $5.9M

More purchases planned by Orange County firm

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Piano Building Sold For $2.9M

Building was fully occupied.

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Thursday, December 6

H2bid’s Strategy Is to Become a Valuable Utility Player

TECH: Subscription Model Connects Vendors And Builders to Utilities

A lack of competition in bidding for utility projects drove Glenn Oliver to create his own business.

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Multifamily Buying Spree Targets Changing Rental Scene

Sunroad Enterprises of San Diego went on a buying binge in November, scooping up apartment complexes in Arizona, Nevada and Washington state. Sunroad declined to say how much it spent on the acquisitions.

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Concentration Of Precision Health Companies

Precision health factors in a person’s genes, medical history, environment and more for diagnosis and treatment.

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Airport Authority Sees a New Terminal 1 Helping Land Business, Cut Traffic, Make Impression

Planning is underway for up to $3 billion worth of improvements to San Diego International Airport, including replacement of the airport’s aging Terminal 1 building, construction of a new road onto and off the property, more parking and an additional taxiway for commercial airliners, as well as a new administration building.

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Procopio Expands Office Space

The full-service business and litigation AmLaw 200 firm’s downtown San Diego and Del Mar Heights offices now have a combined 62,000 square feet of space that was either added or refurbished.

Verimatrix Plans $143M Sale to French Security Company

French software company Inside Secure plans to acquire San Diego-based Verimatrix for $143 million.

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LunaDNA Launches Platform Giving Shares for DNA Data

LunaDNA’s first-of-its-kind platform giving shares for contributing DNA data got approval earlier this week from the U.S. Securities and Exchange Commission.

Following Misconduct Allegations, Lam Research CEO Leaves Qualcomm’s Board

Lam Research CEO Martin Anstice left the company due to misconduct allegations. The newly elected member will also leave Qualcomm's board.

Culinary and Music Radio Feature to Air on New S.D. Radio Station

"Lick the Plate" will air Monday through Friday during the first commercial break from 7pm to 10pm.

Ionis’ ALS Drug Candidate Nets $35M Payment from Biogen

Biogen exercised a licensing option and will pay Carlsbad’s Ionis Pharmaceuticals $35 million for a drug candidate aimed at amyotrophic lateral sclerosis, or ALS.

Wednesday, December 5

Netradyne, Hyundai Team up to Make Maps for Self-Driving Cars

Netradyne, a San Diego AI startup focused on fleet safety, will partner with Hyundai to make HD maps for autonomous vehicles.

ViaCyte Gets $80M Series D For Pursuit of Diabetes Cure

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

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Logistics Startup Expects a Lot From Recent Series A Round

After closing a $20 million funding round, Airspace Technologies Inc. is getting ready for takeoff. The San Diego-based logistics startup closed a series A round led by Scale Venture Partners on Nov. 15.

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Seismic Taps Former ServiceNow CFO

TECH: CEO Says Too Early for Any IPO Decision

Seismic is laying the groundwork for big moves in the future. The fast-growing San Diego software company named its first chief financial officer in October.

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GA-ASI to Sustain French Reaper Aircraft

The U.S. Air Force, acting on behalf of the French Air Force, awarded General Atomics Aeronautical Systems Inc. a one-year, $26.7 million contract for logistics support for France’s MQ-9 Reaper remotely piloted aircraft.

San Diego Convention Center Corp. Names 2 to Board of Directors

Xema Jacobson, who was involved with the construction of the facility and its 2001 expansion, will serve as 2019 board chair.

Coffman Engineers Names New Principals

Scott Twele, Jim Conley and Casey Whitsett promoted

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La Jolla Apartments Sold For $4.4M

Complex has eight apartments

Jack in the Box National Franchisee Assn. Sues Jack in the Box, Inc.

Filed in Los Angeles, the breach of contract and implied covenant of good faith and fair dealing lawsuit alleges Jack in the Box failed to perform its contractual duties.

San Marcos Apartments Sold For $23.3M

Complex has 84 apartments

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Parallel Capital Partners Sells Arizona Business Center For $25M

Center was 93 percent leased at the time of sale.

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Tuesday, December 4

Beverage Entrepreneurs Took Their Idea Back to Schools

RETAIL: College Outlets Are Path to Growth in Crowded Marketplace

While some students his age might have been more inclined to explore the culture of alcohol consumption on campus, it was a whole other type of beverage that then 21-year-old Kevin Gelfand was craving.

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North City to Bring Urban Environment to San Marcos

Gary Levitt darted from building to building, weaving his way amid the scaffolding that frames an apartment building that’s still under construction as he talked grandly of what’s still to come on the San Marcos project that he’s been working on for the past 15 years.

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Liberty Station Property Sold

Pendulum Property Partners and The Seligman Group acquire portions of the former Naval Training Center.

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Qualcomm Hires New Chief Accounting Officer

Qualcomm Inc. hired its first chief accounting officer.

Army Certifies Viasat Communication Electronics

Viasat Inc. reported Dec. 4 that the U.S. Army has certified one of the company’s modems — the Mobile Broadband Router 4020 — for use on the military’s Wideband Global SATCOM network.

Viracta Plots Entry Into China with $10M Financing and Partnership

San Diego-based Viracta Therapeutics intends to bring a cancer therapy candidate to China through a recently inked partnership with Chinese drug company Salubris

Downtown San Diego Project Sold For $13.1M

Project includes 23 apartments.

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El Cajon Apartments Sold For $4.1M

Complex has 24 apartments

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Monday, December 3

Court Narrows Use of Non-Solicitation Clause

LEGAL: AMN Loses Bid to Limit Ex-Recruiters’ Actions

A recent ruling involving competing health care staffing firms headquartered in San Diego makes it tougher for employers to restrict past employees from soliciting former clients.

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SDBJ INSIDER: Moxy San Diego Is Place to Play It Cool

Branding run amok: Marriott International now has 30 brands among its hotel and resort properties.

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Qualcomm and Nokia Test 5G Waters, See 2019 Rollout

Qualcomm Inc. and Nokia announced they passed another milestone on the road to commercializing fifth-generation wireless service — or 5G — by early 2019. Service is contemplated in the United States, Europe, South Korea, Japan, China and Australia.

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San Diego-based HCAP Partners Launches $150M Fund for Small Businesses

San Diego-based firm HCAP Partners is raising a $150 million fund to help small- and medium-businesses add jobs.

Neurelis Buys Aegis Therapeutics

Neurelis has acquired Aegis Therapeutics, bringing together two San Diego companies.

In Another Acquisition, ResMed Buys Propeller Health for $225M

ResMed will plunk down $225 million to acquire Propeller Health, marking the San Diego company’s third acquisition announcement this year.

San Diego Startup Brings Brainy Cleaning Robots to Walmart

Brain Corp. will install its AI technology in hundreds of cleaning robots for a big national retailer.

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Sunday, December 2

Qualcomm Ventures Wins at Supporting Role Backing Tech Startups

TECH: Makes Connections, Money Supporting Ecosystem

Qualcomm's core business relies on its ability to innovate and anticipate future technologies. But even a company of Qualcomm’s size can’t build everything. That’s where Quinn Li comes in.

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Center of Sustainable Energy Names President

His appointment comes after an extensive nationwide search was done, says the release.

Callaway Acquires Jack Wolfskin Outdoor Apparel Co.

The acquisition is expected to close in the first quarter of 2019.

Sorrento Mesa Life Science Building Sold For $43.2M

Building was renovated prior to sale.

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GA Takes Another Step Toward Moon Landing

NASA announced on Nov. 29 that nine teams will be able to bid for work under its Commercial Lunar Payload Services program. General Atomics is part of the team led by Draper.

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San Diego Philanthropists Donate $1M to UCSD

Daniel and Phyllis Epstein, La Jolla residents and local philanthropists, have committed $1 million to UC San Diego.

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Connect Names 7 ‘Most Innovative’ Products

Connect honored seven companies with its "Most Innovative Product" award on Nov. 30.

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Qualcomm Notes: Possibility of going private, Apple settlement hopes, new AI fund

Qualcomm Inc.'s busy week included reports of a potential settlement with Apple, Paul Jacobs' hopes to take the company private, and a new $100M AI fund.

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Business Calendar for Week of December 3, 2018

Business events planned in the county.

Two Office Tenants Added to One Paseo’s Preleasing Success

Kilroy Realty has latched onto two major tenants for the two office buildings it’s constructing as part of the company’s 23-acre One Paseo mixed-use development in Carmel Valley.

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Foreign Sales Are on Defense Contractors’ Radar

Made in America? That seems to be an old-fashioned idea. The assertion that the United States imports more than it exports seems to hold true when consumers look at their clothes hampers or their electronic gadgets.

Tech Startups May Need A Lawyer, Especially One With a LaunchPad

A little bit of extra space will allow San Diego law firm Procopio to expand its incubator for tech startups.

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Bank Files for IPO, Will Focus On Cryptocurrency Services

Silvergate Bank, a San Diego-based bank with a focus on digital currencies, is looking to go public. Parent company Silvergate Capital filed with the Securities and Exchange Commission on Nov. 16 to raise $50 million through an initial public offering.

Northrop Grumman Program Survives Self-Inflicted Perils

DEFENSE: BACN Potentially Worth $4.7B For Battlefield Management

An essential communications conduit on the battlefield in Afghanistan. A multibillion-dollar business opportunity. And a channel for fraud. A defense electronics project run out of Northrop Grumman Corp.’s San Diego offices has proven to be all three, and like a character in a novel, it presents a multifaceted and complicated profile.

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Belgium Eyes Aircraft From General Atomics ASI

Another European country is getting in line to buy aircraft from General Atomics Aeronautical Systems Inc. The Poway business said Nov. 19 that the Belgian government wants to begin negotiations on a purchase.

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McClellan-Palomar Remains Niche Airport Under New Plan

TRAVEL: Runway Extension A Key Part Of 20-Year Master Plan

The county of San Diego has approved a new master plan for McClellan-Palomar Airport in Carlsbad which calls for new safety measures as well as extending the runway’s length by up to 800 feet.

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Contemporary Art

Designed as a work of art as well as a functional, comfortable residence, the home on Paseo Dorado in La Jolla stops passersby in their tracks. Elevated well above the street, its sensuous curves and otherworldly architecture is unlike any other along the white sandy beaches of La Jolla Shores.

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Philanthropy: RBCF Grants Support Causes and Community

The Rancho Bernardo Community Foundation, an affiliate of The San Diego Foundation, awarded $83,000 to 20 programs that benefit Rancho Bernardo at the group’s 30th Annual Thanksgiving Luncheon.

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

San Diego’s Dexcom will pay $250 million in stock to Verily — a subsidiary of Google parent company Alphabet — as part of an amended deal. One analyst called the revision a financial and strategic win for Dexcom.

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California Is Leading Way on Drone Policies

California was one of 10 states selected to participate in a new federal program that promises to bring drone policies into the 21st century, and the San Diego Fire-Rescue Department is already testing drones that could help combat fires.

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San Diego Convention Center’s Bigger Bay Boom: A $1.1 Billion Impact

The economic impact of the San Diego Convention Center is anything but small.

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Hotel’s Holiday Spirit Makes For Good Cookies and Numbers

More and more, businesses are turning to immersive entertainment events — mostly through the holiday season — versus traditional billboards and radio ads to drive traffic to and grow revenue for their properties. For the last three years, the Hilton San Diego Bayfront Hotel has also jumped on that sleigh.

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Marrow Fine to Have a Dazzling Debut at One Paseo

What started as a passion project in 2016 for corporate-executive-turned-designer Jillian Sassone is now a full-blown craftsman jewelry business. Today, Marrow Fine boasts clients like reality star and designer Lauren Conrad, Natalia Cordova Buckley from Agents of S.H.I.E.L.D. and Coco, Karrueche Tran from TNT’s Claws and San Diego Business Journal’s very own life sciences and health care reporter, Jared Whitlock.

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