Stories for October 2018

Wednesday, October 31

Co. to Translate Social Media Data Into Actions

After raising a $10.5 million series B, social media company Soci plans to continue its growth streak.

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SDBJ INSIDER: Movers, Shakers Find New Homes In Del Mar Heights

Dowling & Yahnke Wealth Management is a great local success story, having grown over its 28 years to more than 1,000 clients and more than $3.5 billion in assets under management. It is consistently recognized among the nation’s top registered investment advisors.

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Solar Turbines Changes Manufacturing, R&D

PRODUCTION: 3-D Printers Used in Work, Experimentation

The old image of manufacturing — of wrenches and grubby factory floors — needs a reboot.

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Fundraising Platform for Nonprofits Hits $1B Milestone

Classy reached $1 billion in donations made through its platform on Oct. 30.

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RF Industries Sells Comnet

RF Industries Ltd., the Miramar area manufacturer that specializes in electronic interconnect products, said Oct. 31 that it sold its Comnet Telecom Supply subsidiary for $4.2 million in cash.

Capstone Advisors Buys In Phoenix, Sells in North Carolina

Phoenix property acquired for $6.6 million.

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S.D. Agtech Startup Teams up with Microsoft

SlantRange, a company that builds drone sensors and software for crop monitoring, struck a partnership with Microsoft.

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Tuesday, October 30

Walmart Labs Sees Plenty In Store for Tech Scene

TECH: Nurturing Co. and Wider Culture Will Solidify Hub

At the entrance to its new Carlsbad offices, Walmart Labs traded the retailer’s iconic yellow spark for a glowing lightning bolt. The company hopes to sell workers on the opportunities at a business of Walmart’s scale, with the excitement of working in tech.

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Jana Partners, Jack in the Box Investor, Signs Confidentiality Agreement

The New York-based hedge fund said it had trimmed its holdings in Jack in the Box, down to 1,831,007 shares from 2,050,325 shares during the second quarter.

Oceanside Center Sold For $5.4M

Center is in downtown Oceanside

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Halozyme Licenses Drug-Delivery Technology to Roche for New Targets

Halozyme Therapeutics is expanding the reach of its platform that delivers drugs under the skin, intended to do away with lengthy infusions.

Vista Industrial Building Sold For $3.7M

Building has six suites

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S.D. Logistics Startup Launches New Shipping Service

Boxton, a San Diego-based shipping and logistics startup, launched a new service on Oct. 30.

Kratos Gets Contract for Military C5ISR

Kratos Defense and Security Solutions Inc. said on Oct. 30 that it received a sole-source contract for C5ISR equipment worth approximately $40 million. The military abbreviation stands for command, control, communications, computing, combat, intelligence, surveillance and reconnaissance.

Monday, October 29

Tax Changes, Easy Access Make Charters, Private Jets The Way to Go

The Trump administration’s 2017 Tax Cuts and Jobs Act, which, among other provisions, allows private jet buyers to write off the full amount of their new or newly-purchased pre-owned airplane’s cost on their tax return, is prompting the nation’s wealthiest to drop large wads of cash for their own exclusive winged-digs.

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Qualcomm Says Apple Owes $7B in Royalty Payments

In a court hearing from a lawsuit Apple filed against Qualcomm in 2017, the chip-maker said Apple owes $7 billion in royalty payments.

Kratos to Supply Satellite Gear to Japan’s SJC

Kratos Defense and Security Solutions Inc. received a contract to produce satellite communications equipment for Tokyo-based SJC, also known as SKY Perfect JSAT Corp., for undisclosed terms.

Viasat Looks Ahead to SpaceX Launch

Carlsbad-based Viasat said it has contracted with Hawthorne-based SpaceX to launch the first of its ViaSat-3 satellites. Financial terms of the deal were not disclosed.

San Ysidro Health Receives $131K Dental Grant

The Delta Dental Community Care Foundation recently gave a $131,483 grant to San Ysidro Health to upgrade dental work spaces and for an X-ray system.

Acadia’s CFO to Depart

Todd Young, the chief financial officer of Acadia Pharmaceuticals, recently joined another company.

Cinema Art Finds Home At Newhall 7

Laemmle movie house to show high-culture fare in Santa Clarita.

Art house theater to come to Santa Clarita.

Wanted: Women To Join Boards

MANAGEMENT: Law mandates gender diversity for directors.

Public companies in the San Fernando Valley region fall short when it comes to a new law requiring more women on their boards of directors.

Sunday, October 28

PriceSmart CEO to Step Down

Jose Luis Laparte’s last day will be Nov. 16.

Huntington Ingalls Awarded Shipyard Work

The U.S. Navy awarded Huntington Ingalls Industries a $44.8 million contract for shipyard work to the USS O’Kane, an Arleigh Burke-class destroyer.

Device Cos. Flourish as Technology, Talent and Data Are Powering Growth

DEVICES: Region Also Has Strong Exec Bullpen, Partnership Possibilities

About a decade ago, Dexcom executives explored a wild idea: a constant reading of glucose levels beamed to a smartphone.

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Business Calendar for Week of October 29, 2018

Business events planned in the county for the week of October 29, and beyond.

Sorrento Towers Sold

Shorenstein Properties was the buyer.

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RAR Hospitality to Open Tapestry Collection by Hilton Hotel in 2020

Located adjacent to America’s Cup Harbor, the 92-room The Monsarez, currently Hotel Point Loma, draws on Portuguese influences with a mid-century modern feel.

Cubic Names Chief HR and Diversity Officer

Grace Lee will take the post of chief human resources and diversity officer at Cubic Corp. on Oct. 29.

Otay Mesa Industrial Buildings Sold In Package Deal

Four buildings included

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Renovation, Renaming Position Tower to Meet Downtown Demand

A downtown San Diego office tower at the edge of Little Italy is getting a new look and a new name.

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New CEO Expected to Bring Fresh Perspective to NuVasive

San Diego-based NuVasive recently tapped a new CEO, a move analysts say looks to bring fresh perspective to an expanding company that’s nonetheless stumbled on execution and has been an acquisition target.

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Small Businesses Could Pay Price for Measure J

There are a few initiatives that will impact small businesses in this November’s elections. One of them is Measure J — the San Diego Business Interests Disclosure Charter Amendment.

Philanthropy: Ernst & Young Connects to Communities With Service

More than 227 Ernst & Young LLP volunteers recently engaged in volunteering in San Diego communities. These EY volunteers joined 23,000 of their colleagues across the US, Canada, Mexico, Central America and South America to participate in EY Connect Day, the organization’s largest signature volunteer program held on a single day. Worldwide, EY people participated in 940 volunteer projects with nearly 650 nonprofit organizations

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Del Mar Country Club Estate Has English Countryside Aura

The turn from San Dieguito Road on the southwestern edge of Rancho Santa Fe onto Camino Santa Fe leads down a pleasant tree-lined road that dead-ends at a gatehouse.

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Smaller Medical Device Cos. Also in Position to Deliver

MEDTECH: Ra Medical Raises $66.3 Million In September IPO

While the big dogs of San Diego’s medical device scene are putting up strong numbers, the region’s smaller players in the space can’t be overlooked.

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SD 500 Update: 2-1-1 Will Again Host Conference; Altman Departs From KPMG

John Ohanian and 2-1-1 San Diego’s first national Community Information Exchange Summit was such a success they have signed up to host it again in April 2019. Last year’s event sold out with 350 leaders from across the country attending.

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Platform Maximizes Cos.’ Computing Resources

TECH: Aims to Cut Cloud Costs, Increase Computing Power, Security

Every day, thousands of desktops are left idle as workers leave the offices for the evening. Tim O’Neal, CEO of Kazuhm, has a plan to put those computers to use.

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Mission Cove Seniors Adds 138 Affordable Apartments

The final piece of an Oceanside affordable housing project has been put into place with the completion of Mission Cove Seniors — an apartment building for people over the age of 62 with limited incomes.

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Census Bureau Finds Right Number of Pluses at The Ratner

Portions of a recently renovated historic East Village building complex have been leased to the U.S. Census Bureau, an architectural firm and a photography and video studio.

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Northrop’s Q3 Aerospace Sales Up 5% to $3.28B

Northrop Grumman Corp. is seeing growth in its Triton unmanned aircraft program.

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One Paseo Has Inviting Retail Presence

Mixed-use development, One Paseo, based in Carmel Valley and slated to open spring 2019, will welcome three new retailers to the community: the first-ever brick-and-mortar shop from local jewelry designer Marrow Fine; New York-based, family-owned, beach-inspired clothing store Faherty; and San Diego’s Pigment, which sells unique gifts, flora and furniture.

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Development Bringing ‘Attainable’ Single Family Homes

PROPERTY: Oceanside Made Zoning Change, Allowing Denser Project

One of the last big chunks of open land in Oceanside is being developed by a Carlsbad company into a residential neighborhood of single family homes and townhomes with a retail component.

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Some Taste Tempting Destinations Are Being Added to the Food Map

Duck Donuts in Encinitas. Dog Haus Biergarten in Vista. Surf Rider Pizza in La Mesa. North Italia in Fashion Valley.

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Beauty and Style Part of Co.’s Manufacturing and Its Marketing

RETAIL: Architectural Finishes Co. Sources Material Around the World

The Miramar headquarters for DuChateau, a lifestyle brand that specializes in manufacturing high-end architectural finishes, including various types of flooring and wall coverings, looks nothing like a conventional warehouse and every bit like a modern-day rendering of a royal palace.

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Ad Astra’s Biotech Cohort Gets Feedback, Mentorship and Money

STARTUPS: Female Founded Companies Are Second Incubator Group

Ad Astra Ventures, the new incubator for local female-led companies, continued to grow with its second cohort this fall.

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Versatility Allows Helix to Tackle Variety of Jobs

BUILDING: Electrical Contractor Had 2017 Revenue of $624 Million

It might not sound all that appealing, but for an electrical contractor, a wastewater treatment plant is a thing of beauty.

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Thursday, October 25

Q1: ResMed’s Net Income Rises 23%

San Diego medical device company ResMed posted revenue of $588.3 million in quarter one results, a 12 percent year-over-year increase.

S.D's Catalina Offshore Products Awarded Grant To Grow Opah Demand

The project is twofold, with one part focusing on broadening the appeal of opah, or "moonfish," and the second to develop new culinary markets for species being discarded by U.S. Pacific Highly Migratory Species fisheries in Southern California.

San Diego to Pursue Community Choice Energy Plan

The city of San Diego intends to become an alternative energy provider to meet its goal of getting 100 percent of its energy from renewable sources by 2035. SDG&E said it does not anticipate any material impact to its financial results.

A New Generation of Wealth Managers Adopts More Active Roles

A new generation of wealth managers is poised to take the reins of the profession from their elders, as the wealth management industry undergoes a series of significant changes, from a greater role for technology to evolving expectations on the part of investors.

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SDSU Wins National Award for Entrepreneurship

SDSU's Lavin Entrepreneurship Center won the Nasdaq Center of Entrepreneurial Excellence award.

Canine to Five: Cos. Find Dogs a Welcome Addition

WORKFORCE: Buildings Adapt; Perk Appeals to Millennials

When Tien Nguyen and his three partners formed CPC Strategy — a digital marketing service in downtown San Diego — they invited the people they hired to bring their dogs to work.

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SD 500 Update: Reality Changers Founder Steps Down After 17 Years

Christopher Yanov is stepping down from his executive director role at Reality Changers, the nonprofit he founded in 2001. He describes it as a founder’s dream, that the organization has a strong interim leader, a supportive board and a staff able to operate without him.

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Three S.D. Startups Win $75K in Biggest Quick Pitch Competition

This year's Quick Pitch competition broke records for funding and attendance as 10 finalists competed for $75,000 in prize money.

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Rolando Apartments Sold For $6.9M

Complex has 35 apartments.

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Wednesday, October 24

Hire Signals Co.’s Strong Stake in Future Transportation

The coming of autonomous vehicles, as well as vehicles connected by radio, is a big deal for McCain Inc.

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Local VC Mirrors National Trend: Dollars Up, But Deals Down

FINANCE: San Diego Sees Two Deals Dominate

Big biotech deals drove record levels of capital investment, according to a report released Oct. 11 by Dow Jones VentureSource.

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Big Kitchen Software Knows Those Dashes, Dollops and Pinches Add Up

When Benji Koltai first developed the software behind Galley Solutions, he had no idea it would become the seed for a new company.

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Cubic Acquires Trafficware

Cubic Corp. said on Oct. 24 that it acquired Advanced Traffic Solutions Inc. of Sugar Land, Texas for $235.7 million in cash.

UCSD’s Tech Accelerator gets $1M Boost

The University of California-San Diego's Institute for the Global Entrepreneur will get $1 million in funding to help entrepreneurs develop new tech companies.

Scripps Highland Office Building Sold For $3.9M

Buyer will occupy second floor.

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Tuesday, October 23

Accelerator Launches in San Diego to Find Better Kidney Disease Treatments

KidneyX, a $2.65 million accelerator program, announced its launch in San Diego to find better treatments for kidney disease.

UC Workers Begin 3-Day Strike at Medical Centers

Patient technical care workers and other union employees across the state, including in San Diego, on Tuesday started a three-day walkout aimed at UC Medical Centers.

SDBJ INSIDER: Learning Vital Lessons For the Next Climbs

When Aaron Fulkerson stepped down as CEO in May some 13 years into his tech startup MindTouch, he said he wanted to get away to reflect and recharge.

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PSemi’s Parent Company Keeps It Very Busy

TECH: San Diego Co. Is Turning Away Work, But Still Making Acquisitions

Jim Cable is back for another go-round as chief executive of PSemi Corp., the semiconductor unit of Japan-based Murata Manufacturing Co. Ltd.

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Co. Saw Opportunity in Struggling Competitor

TECH: Seismic’s Buy Advances Its Position, Brings New Talent

Seismic CEO Doug Winter had never planned to acquire his main competitor. The sales-enablement software company had just hit its stride, nearly doubling its revenue last year, and Winter didn’t want a distraction.

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KPMG Names S.D. Managing Partner

Gonzales will be in charge of the office’s strategic direction and growth, and will oversee nearly 270 professionals and partners in San Diego.

Q3: Illumina Tops Earnings Estimate

Illumina reported adjusted quarter three earnings per share of $1.52, or $0.26 better than analysts’ expectation.

Qualcomm to Pay Out Quarterly Cash Dividend

Qualcomm will pay a dividend of 62 cents per share to its stockholders.

National City Apartments Sold For $3.2M

Complex has 16 apartments

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Monday, October 22

S.D. City Council Overturns Short-Term Vacation Rental Ordinance

The body had a choice: Repeal the new restrictions or have voters weigh in.

A New Day For Donors

Who Will Follow in the Philanthropic Footsteps Of Those Who Have Given So Much to San Diego?

That person is out there: San Diego’s next big donor, who will put a name on a major civic, arts or university building.

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From Shanghai To Seaport Village, Developer Takes On the Big Jobs

Yehudi “Gaf” Gaffen likes to fish and hunt. When he hunts, he uses a bow and arrow instead of a gun.

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GA Takes on Lithium-Ion Battery Deal

General Atomics said it received a contract from the U.S. Special Operations Command to deliver prototype lithium-ion battery systems for manned submersibles. The company is supplying what it calls LiFT, or lithium-ion fault-tolerant battery systems.

Kearny Mesa Industrial Building Completed

Project cost $12M

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Qpex Biopharma Debuts with $33M Round

Qpex Biopharma, in the business of antibiotics to combat antimicrobial resistance, surfaced Oct. 22 with a $33 million Series A round and a contract worth up to $132 million.

Carlsbad Office Campus Sold For $23M

Campus has two buildings

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Connect Honors S.D. Company Founder with its Highest Award

Connect will honor three local innovators, including the founder of a San Diego satellite company, at its upcoming awards ceremony.

CUSTOM CONTENT: Cybersecurity Threats Are Always Present—Here’s How You Assess Your Risk

Cybersecurity, at its core, is about protecting what’s valuable to you as an organization. For some, that might mean protecting valuable customer data—credit card information, Social Security numbers, or patient health care records. For technology companies, it’s also about protecting intellectual property. This includes source code, designs, products, or future product strategies. Collectively, that intellectual property defines the value of a tech company, and that value is usually sitting on a server as an easy target to be hacked.

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Sunday, October 21

Wertheim Family Pledges $25M to UC San Diego

UC San Diego Health said it received a $25 million pledge from the Wertheim Family Foundation to fund a public health initiative at the university.

NuVasive CEO Steps Down; Company Taps Successor from Competitor

NuVasive CEO Gregory Lucier will step down, and the company will bring in his successor from Medtronic.

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Dexcom Becomes Community Partner for Oct. 27 Navy, Notre Dame Game

The partnership allowed the San Diego County Credit Union Holiday Bowl, which is hosting the event, to enhance the marketing efforts for the college football game in hopes of drawing a record number in attendees.

Seacoast Commerce Bank Surpasses $1B in Assets

San Diego-based Seacoast Commerce Bank reported net income of $3.47 million in the third quarter of 2018. The figure is up 144 percent from the third quarter of 2017, when net income was $1.43 million.

La Jolla Institute and Moores Cancer Center Receive $4.5 Million Cancer Moonshot Award

The funding will go towards research, led by LJI professor Stephen Schoenberger to improve immunotherapeutic treatment for patients with head and neck cancer.

Stratify Genomics Uses Series A to Launch Prostate Cancer Screening Tool

San Diego startup Stratify Genomics wants to improve testing for prostate cancer by screening individuals to determine who is at a higher risk of developing it.

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Noah Homes Housing Tapped to Help Develop Plans for Texas Housing Project

A third of the homes will be made available to adults with autism, Down syndrome and other disabilities, while the remainder will be up for purchase to anyone wanting to live within the inclusive community.

Imperial Beach Apartments Sold For $2.9M

Complex has 14 units

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Business Calendar for October 22, 2018

Business events planned in the county.

We Are Building a Relic of a Trolley Extension

San Diego traffic is among the 20 worst metro markets in the country, according to the National Transportation and Safety Board. The new electric trolley extension from UC San Diego to downtown will supposedly reduce the traffic flow, but as a native San Diegan who went to UC San Diego over a decade ago it’s hard for me to imagine how.

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Parking Spaces Still Fill a Need, At Least, For the Near Future

Talk of Uber, Lyft, scooters and bicycles cutting demand for parking is just that so far — talk.

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Some Eateries Testing Waters Of Craft Brewing

DINING: Profits Stay In-House; Beer Could Sell in Liquor Stores

For a little over two decades, Brigantine Restaurant Corp., founded in 1969 in San Diego, had collaborated with Pacific Beach-based Karl Strauss Brewing Co. for the creation of its house beer, Brig Brew.

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Ionis, Roche Partner on Macular Degeneration Drug

Swiss drug giant Roche and Carlsbad’s Ionis Pharmaceuticals seem increasingly enamored with one another.

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Big Multitasking Missions Not Strong Suit for Robo Advisers

INVESTING: Human Input Still Important; Many Platforms Offered

One trend in the field of investment advice doesn’t even involve a human financial adviser — the advent of the robo adviser, an online platform that takes in personalized information about you and spits out investment suggestions.

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San Diego's Wealthiest

The Wealthiest San Diegans list includes individuals with a primary residence in San Diego County.

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Museum Admission Program Opens Doors to New Audience

PHILANTHROPY

scondido Museum announced that it has joined Museums for All, a signature access program of the Institute of Museum and Library Services, administered by the Association of Children’s Museums, to encourage people of all backgrounds to visit museums regularly and build lifelong museum-going habits.

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Brick-and-Mortar Retail Gets Good Advice: Don’t Just Sit There

TECH: Platform Gives Outlets Real Time Data And Action Plans

As the digital retail space continues skyrocketing, Herofi, a marketing automation platform focused on physical stores, is hoping to get brick-and-mortar outlets on the same playing field as the Amazons of the world.

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Jack in the Box Franchisees Calling for Leadership Changes

San Diego-based Jack in the Box Inc. franchisees want chief executive officer, Leonard “Lenny” Comma, and the current leadership team out following a vote of “no confidence” that took place during its annual meeting in July.

Thursday, October 18

Sempra Pushes Farther Into Texas

After acquiring most of Dallas-based Oncor earlier this year, San Diego-based Sempra Energy wants to build on its investment in Texas with an investment totaling more than $1 billion in publicly traded InfraREIT.

Fallbrook Apartment Complex Sold For $6.9M

Complex has 48 apartments

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S.D. Startup Helps Corporations Harness Power from Unused Computers

Kazuhm, a distributed computing platform, recently was added to the portfolio of local fund Analytics Ventures.

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COMMENTARY: Next Governor Must Strengthen Cleantech Policies

This year, California overtook the U.K. to become the fifth-largest economy in the world, while also announcing it had hit its goal of reducing greenhouse gas emissions below 1990 levels four years ahead of schedule.

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Home Buying Is Dialed Down

San Diego’s residential real estate market for single family homes is cooling down, with some brokers reporting that homes are taking longer to sell than they did just a few months ago and rising mortgage rates are putting a crimp on sales.

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With Trade Path Cleared, Cos. Partner for Otay Industrial Park

Intense demand for industrial property has drawn the return of a player to the South County industrial market — Majestic Realty Co.

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MG Properties Acquires San Marcos Apartment Complex

Complex includes 416 apartments.

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Wednesday, October 17

Analysts Eye New Leaders, Next Moves at Mitek

TECH: Co.’s Core Business Is Solid; It Rejects Merger

Mitek Systems Inc.’s stock has not fully recovered since the company announced the departure of two of its top executives, CEO James DeBello and chief financial officer Jeff Davison, on Aug. 28.

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Growing Revenue Feeds Urban Plates’ Appetite for Expansion

DINING: Capital Facility Is Expected to Fund 25 More Locations

While some local fast-casual restaurants owners may be scratching their heads trying to keep cost downs as the minimum wage continues to go up, Saad Nadhir, co-founder of San Diego-based Urban Plates, isn’t too worried.

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Viasat’s Radio Project Puts Pentagon Procurement in Fast Lane

DEFENSE: Viasat Gets System in Hands Of Troops in 17 Months

Viasat Inc. did not take the conventional path to developing the handheld radio known as BATS-D, which soldiers on the ground use to call in airstrikes on enemy positions.

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E-Commerce Startup Asks Users to Play Favorites

Say you had a friend visiting from out of town. Where would you tell them to stay, shop and eat? Jordan Glazier, founder of San Diego-based Wildfire Systems Inc., is counting on these recommendations for a new e-commerce platform that incentivizes users to share their favorites.

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GreatCall, Insurer Partner to Offer In-Home Monitoring for Seniors

GreatCall, a San Diego-based mobile device company, will partner with a Massachusetts insurer to monitor the health of at-risk seniors.

Viasat Will Fly With Gulfstream

Viasat Inc. said on Oct. 15 that its in-flight satellite connectivity equipment will be a factory-installed option in Gulfstream G280 business jets.

Tuesday, October 16

Navy Contractor Finds Off-Road Opportunity

DEFENSE: Particle Separator May Save Filters and Engines

Lily Aragon’s company has Southern California written all over it.

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NIH Grant Gives Salk Researcher Backing in ‘High-Risk’ Endeavor

Janelle Ayres, an associate professor with Salk Institute for Biological Studies who is taking on challenges posed by infectious disease and antibiotic resistance, earlier this month landed a $3.5 million National Institutes of Health grant.

Contest Aims to Be Catalyst for Creating More Angel Investors

San Diego leaders are looking to build a pipeline of angel investors through a new pitch contest. Comparing angel investors, which often consist of well-connected individuals, or an entrepreneur’s friends and family, and venture capitalists, which make much larger, organized investments, San Diego sees a smaller ratio of angel investment to venture capital than the national average.

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SDBJ INSIDER: Open Boardrooms Good for Players And Perspectives

News from the board room: Viasat recently invited one of its longtime investors, Baupost, to take part in its board meetings as a non-voting observer. Why might they do such a thing? Baupost is an investment fund with about $30 billion in assets under management. A recent filing states they have a 23.06 percent stake in Viasat and are an active investor as opposed to a passive investor.

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Add Notre Dame to JMI’s Winning Record

MARKETING: Boutique Firm Does Multimedia, Innovation

Earlier this year, when the University of Notre Dame was looking to hire a company that could help with its unique marketing and multimedia initiatives, the Indiana-based university didn’t tap major players in the collegiate world like IMG College or Learfield.

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NASSCO Tapped for 6th Expeditionary Sea Base Ship

The U.S. Navy issued a preliminary contract that will let General Dynamics NASSCO build a sixth in a series of ships for expeditionary warfare.

Qualcomm, FTC Seek Settlement for Antitrust Case

Qualcomm Inc. and the Federal Trade Commission requested a delay of a preliminary ruling to pursue settlement talks.

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Monday, October 15

Sorrento Mesa Office Complex Sold For $20.4M

Complex was renovated in 2016

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Study: Reflexion's Virtual Physical Therapy Reduces Costs

Virtual physical therapy from San Diego-based Reflexion Health was effective as traditional therapy while saving money, according to a first-of-its-kind clinical trial conducted by Duke Clinical Research Institute.

Azalea Park Apartments Sold For $2M

Complex has 10 apartments.

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Kratos Has a Spot in Harris Radios

Kratos Defense & Security Solutions Inc. said on Oct. 15 that it has licensed its Common Data Link radio technology to Harris Corp. for use in Harris’ handheld NanoSVDL radios.

Ionis, Roche Strengthen Ties with Deal Worth Up to $759M

Swiss drug giant Roche and Carlsbad’s Ionis Pharmaceuticals seem increasingly enamored with one another.

UCSD Licenses New 5G Technology to Samsung

A technology invented by engineers at the University of California-San Diego will appear in Samsung's 5G smartphones.

Talmadge Apartments Sold For $2.3M

Building was renovated in 2016.

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Petco Appoints Justin Tichy to Chief Stores Officer

Before joining Petco, Tichy worked with Walmart, Target and Best Buy and, most recently served as President of Sales at Confie, a privately-held national insurance company.

Costs Eat Up Revenue In Restaurant Business

DINING: Wage Increases Cited; Responses Include Job Cuts

Overall labor costs continue to increase in California.

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Sunday, October 14

New Palomar CEO Takes on Financial, Medical And Staffing Challenges

The word “interim” in a job title implies caretaker. Not to Diane Hansen, evidently.

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Sempra, Activists Agree on 2 Board Members

Sempra Energy, working in conjunction with an activist investor group, named Cynthia L. Walker and Michael N. Mears to its board of directors on Oct. 11.

Xenco Medical CEO Named to California Workforce Development Board

Jason Haider, the CEO of San Diego-based Xenco Medical, has been appointed by Gov. Jerry Brown to the California Workforce Development Board.

Planet Home Lending Opens in Chula Vista

Connecticut-based Planet Home Lending LLC announced on Oct. 11 that it has opened a branch office in Chula Vista’s Eastlake district.

Business Calendar for Week of October 15, 2018

Business events planned for the county.

COMMENTARY: A Styrofoam Ban Would Hurt San Diego

In light of recent scientific discoveries and economic analysis, this grim portrayal is wholly unjustified.

COMMENTARY: It’s Time to Upgrade Containers and Protect Businesses

By limiting harmful single-use food containers in our restaurants, it is possible for San Diego’s City Council to support healthy business and a healthy community all at once.

Teradata Will Add 200 Jobs In HQ Move to Rancho Bernardo

Teradata Corp. will hire 200 local employees after moving its headquarters from Dayton, Ohio, to San Diego Oct. 8. The software company already had a large presence at its Rancho Bernardo campus, with more than 1,000 employees. A company spokesman said the new hires would be a broad mixture of positions, including both administrative and engineering jobs.

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Playing an Instrumental Role in Music Education

Classics 4 Kids, a nonprofit founded in 1994 to fill the gap in music education in the nation’s schools, recently kicked off its 25th anniversary season with a fall garden party in Rancho Santa Fe.

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Spreading Word on Need For Wildlife Refuges

Philanthropy

The Living Coast Discovery Center, a nonprofit zoo and aquarium on San Diego Bay in Chula Vista, announced that it received an $89,150 grant from the U.S. Fish and Wildlife Service as part of the SoCal Urban Wildlife Refuge Project.

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Moss Adams’ Open House Honors Veterans

Philanthropy

Moss Adams’ San Diego office announced that it hosted its 4th annual Miramar Air Show open house recently in honor of the local veteran and active-military community.

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Finding a Perfectly Peaceful Place in Green Valley Summit

The eastward exit from Interstate 15 onto Rancho Bernardo Road eventually curves toward the south to become Espola Road.

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Renters Find Downtown Luxuries in Chula Vista Apartments

PROPERTY: Costs, Demand Push Builders to Deliver High-End Projects

The same developer who built one of downtown San Diego’s tonier apartment towers is bringing many of the same amenities to a South County project that acknowledges what some brokers said is the maturing of the area’s residential market.

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SD 500 Update: UCSD’s Khosla to Share Success Story At Philanthropy Day

UC San Diego Chancellor Pradeep Khosla will be the keynote speaker at the 46th annual National Philanthropy Day on Nov. 5 at the Town and Country hotel.

Northrop Delivers on Lifesaving Jamming Devices

Northrop Grumman Corp. said this month that it delivered all of its JCREW software-programmable signal jammers created during the program’s low-rate initial production phase. Final delivery of the dismounted systems was in June.

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End of Fiscal Year Is Awards Time for Military

The usual deluge of contract awards came with the end of the Pentagon’s fiscal year.

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Airport Has $12B Economic Impact On Region

The San Diego International Airport creates nearly $12 billion in economic impact for the region annually, according to a study conducted by the airport.

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GDM Dials In Some Diverse Venues

Gaslamp District Media, a San Diego-based marketing, events and promotional agency, has been tapped to work with Music Box concert venue and event space. Its first collaborative event took place in early October by way of the West Coast Oktoberfest. That event was held in more than 55,000 square feet of space in Little Italy and featured live musical acts, an array of street food vendors and themed contests, among other activities and entertainment.

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Tenants Will Have to Pay For That Tight Retail Space

Finding new space or room to grow will be a challenge for San Diego County retailers, according to a report from Marcus & Millichap.

MLS to Offer a ‘More Customized Experience’

The Greater San Diego Association of Realtors (SDAR) went online in September with its San Diego MLS multiple listing service used by real estate agents throughout San Diego County.

Ohio Co. Casts Its Vote for Everyone Counts

Everyone Counts, a San Diego company for voter registration and online voting, was acquired by Cleveland-based Votem Corp. on Oct. 3 for an undisclosed amount.

MappBio Wins Contract To Combat Viruses

San Diego’s MappBio recently received a $14.8 million contract to advance a treatment for Sudan virus.

AMN Healthcare Says HQ Will Remain Local

San Diego’s AMN Healthcare is not relocating to Dallas, ending speculation raised by the CEO’s new home and twin datelines.

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Ionis Gets Good News With FDA Approval

Ionis Pharmaceuticals’ drug for a rare genetic disorder recently gained regulatory approval, a relief to investors worried about a denial, and pitting the company against Alnylam Pharmaceuticals.

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School Makes Its Mark With Educational Excellence

The San Diego Jewish Academy Golda Meir Lower School was named a 2018 National Blue Ribbon School by the U.S. Department of Education. SDJA GMLS was awarded for being an Exemplary High Performing School.

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Friday, October 12

San Diego Seeks Startups for Smart City Projects

San Diego is looking for startups to build everything from parking apps to a hazard alert system.

Data Shows $1 Billion Economic Impact from San Diego County Craft Brewers in 2017

San Diego craft brewers generated about $802 million in revenue for 2017, up from $638 million during 2016.

San Diego-Based Annex Brands Announces Promotions

Patrick Edd has been named Chief Executive Officer and will remain company president.

Thursday, October 11

San Diego Fintech Startup Secures $75M in Debt Financing

Zebit secured up to $75 million in financing through Route 66 Ventures.

Co.’s Radio Technology Keeps Lines of Communication Open

TECH: Military Is Major Customer for Software, Hardware

Making radios that successfully connect on the battlefield is a real-world challenge. When soldiers have to go into cities — or tunnels — radio communication gets even more difficult.

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Ligand Pharmaceuticals Closes Acquisition of Vernalis

San Diego-based Ligand Pharmaceuticals closed its acquisition of Vernalis Plc in a deal that Ligand said will add “shots on goal” to its portfolio.

Scripps Research Adds Board of Overseers

Scripps Research added a 21-member Board of Overseers with big names from across San Diego life sciences as the organization broadens its scope, it was recently announced.

UC San Diego to Open New Rancho Bernardo Facility

UC San Diego Health on Oct. 15 will open a 57,000-square-foot Rancho Bernardo center with offerings spanning primary care, urgent care and behavioral health.

San Marcos Apartment Complex Sold

Complex has 168 apartments

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Kratos Expands Military Training Projects

Kratos Defense and Security Solutions Inc. said Oct. 11 that it received more than $30 million in scope increases on multiple existing military training contracts.

Wednesday, October 10

Report: Mitek Rejects Takeover Bid from Florida IT Company

Mitek Systems reportedly rejected a takeover bid from ASG Technologies, a portfolio company of Elliot Management Corp.

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Institutes Take Cues From Business for Funding

FINANCE: Quest for Private Money Brings New Models, Partnerships

UC San Diego’s drug research arm in recent years took a new tack with investors and pharmaceuticals: Tell us what we’re doing wrong.

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GA Wants to Be Part of Moon Mission

General Atomics is part of a team that wants to support NASA’s next, unmanned trip to the moon. Under a proposal submitted to NASA, GA’s Electromagnetic Systems division would build a lunar lander in the United States.

Westcore Properties Acquires Distribution Center For $53.4M

Center was completed in August

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Ampersand Sells Location, Capacity and Character

PROPERTY: The $40M Transformation Targets Cos. Needing Big Space

Where grumpy newspaper editors and reporters once toiled as noisy teletype machines clattered in the background, an international financial services group will become the first tenant in Ampersand — the renovated former home of The San Diego Union-Tribune.

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Petco Names Michelle Bonfilio as Chief Human Resources Officer

Starting on Oct. 22, Bonfilio will be based at Petco’s National Support center in San Diego.

Tuesday, October 9

Sharp Grossmont Hospital’s Burr Heart & Vascular Center Opens

Burr Heart & Vascular Center at Sharp Grossmont Hospital – per Sharp the only dedicated cardiovascular center in East County -- recently began treating patients.

Harper Gets Military Construction Deals at Camp Pendleton, Fort Sill

Harper Construction Co. recently won two Pentagon construction contracts, for work on "starship barracks" and high-explosive magazines.

SDBJ INSIDER: Perseverance Puts Living Lab in Its Home Port

Shara Fisler and the Ocean Discovery Institute this past weekend celebrated the grand opening of their $17 million Living Lab facility in City Heights. The project began 10 years ago with the concept of an $8 million permanent home for the nonprofit and its programming, which annually serves about 4,000 students with access to a rich science environment.

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MG Properties Acquires Apartment Complex For $93M

Complex has 264 apartments.

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Imperfect Produce Comes to Kearny Mesa

San Diegans are digging the "ugly" fruits and vegetables.

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With Eye On Expansion, Co. Consolidates Its Diverse Pharma Forces

Japanese food and drug manufacturing giant Ajinomoto Group is reorganizing, placing three disparate drug-making businesses on three continents under one umbrella.

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Downtown Commercial Building Sold For $2.4M

Building is fully leased.

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Qualcomm Adds Two Board Members to Appease Shareholders

Qualcomm added two independent directors on Tuesday

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Monday, October 8

Cubic Adds Jobs to Support Transportation Projects

Cubic Corp. said that it is in the process of hiring 150 people in San Diego for new positions in its transportation business. It also plans to upgrade its headquarters in Kearny Mesa to accommodate company growth.

Leidos to Support Navy Health Research in $58M Deal

Leidos Inc. recently received a five-year, $57.8 million task order to perform work at Naval Health Research Center in San Diego.

S.D.-Based PriceSmart Announces September Sales Figures

For the four weeks ended Sept. 30, comparable net merchandise sales for the 39 warehouse clubs open at least 13 1/2 full months decreased 1.7 percent, compared to the same four-week period last year.

With Drug Approval, Ionis Set to Compete with Alnylam

The U.S. Food and Drug Administration on Oct. 5 approved Ionis Pharmaceuticals’ drug for a potentially fatal genetic disorder, pitting the company against Alnylam Pharmaceuticals.

Jamul Casino Names New President

Mary Cheeks was named new president and general manager of the property.

S.D.'s Azul Hospitality Group to Open Luxury Hotel in 2019

The 162-room, seven-floor Marriott Tribute Portfolio Hotel will be converted from the Army-Navy YMCA building in downtown San Diego.

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Teradata to Hire 200 with Headquarters Move

Teradata plans to hire 200 employees after shifting its headquarters to San Diego.

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Qualcomm Plans $400M Office in India

Qualcomm will open a 1.7 million-square-foot campus in Hyderabad, India.

Sunday, October 7

S.D. Sustainable Chemical Manufacturer Raises $90M

Genomatica, which manufactures plant-based chemicals, raised $90 million in an equity offering.

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La Jolla Mixed-Use Building Sold For $4.9M

Pete Health Center leases retail space.

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Cannabis Market Keeps Growing Its Product Line

For those interested in testing the CBD and THC waters past smoking a joint or vaping, the San Diego cannabis market continues to expand with offerings that run the gamut from libations to caffeinated drinks to munchies — no pun intended.

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Sales Take Big Dip, But Prices Remain High

Sales of commercial real estate were down significantly in the first half of 2018 compared with last year.

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Trademark Dispute Can Put a Good Name at Risk

BREWING: Growth Puts Emphasis on Brands, Names

When Elvin Lai, co-founder of San Diego-based Abnormal Beer Co., had a chance conversation with Nick Floyd, co-owner of Indiana-based 3 Floyds Brewing Co., in 2017 during the Copenhagen Beer Festival in Boston, he thought the trademark misunderstanding between them had been resolved.

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Access, Availability Draw Renters to Mission Valley

People looking for apartments to rent choose Mission Valley over any other neighborhood in the city of San Diego, according to a report by Apartment Guide — an apartment listing company.

U.S. Bank Names Manuel Rodriguez as Market President

U.S. Bank has promoted Manuel E. Rodriguez to San Diego market president. Rodriguez, 38, was previously vice president within commercial banking at U.S. Bank in San Diego.

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Business Events Calendar for Week of October 8, 2018

Business events planned in the county

Home of The Month: A Passage In Time

The history and legacy of this home is unmistakable as the wooden door swings open into the foyer. The Craftsman-style house was one of the first built in 1908 in the burgeoning “streetcar suburbs” of San Diego.

Casino Amenities Aim to Win Over Younger Visitors

Can modern, swanky interior designs help put millennials in front of those slot machines?

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Solana Center Recognized For Food Waste Solutions

Philanthropy

Solana Center for Environmental Innovation, or the Solana Center, was recognized for the 2018 Distinguished Program, “EMIES UnWasted Food Award” by the San Diego Food System Alliance for its commitment to food waste diversion programs in San Diego County. Solana Center’s Executive Director Jessica Toth received the award recently at the alliance’s annual Food Waste Solution Summit.

Medtechs Lead Life Science Stock Gains for Third Quarter

Medtechs led the way in stocks of public life science companies in San Diego during the third quarter.

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Biotechs Among Most Impacted by Gender Law

LEGAL: Women Often Bypassed On Local Life Science Boards

The San Diego biotech industry stands to be particularly affected by a recently signed bill requiring California public companies to have at least one woman on their board by the end of 2019.

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Companies Plan to Boost Exports Despite Trade Uncertainty

Nikia Clarke’s mission is to boost San Diego’s trading ties with other countries. As executive of the World Trade Center San Diego, which relaunched in 2015, Clarke has spent the past four years bringing opportunities to companies that have a product ripe for export, and helping them build connections both local and abroad to navigate the logistics of selling overseas.

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Startups Guide to Navigating Legal Territory

The following are tips for startup companies from entrepreneurs, lawyers and business consultants, about getting legal advice and assistance, as companies move forward with their business plans:

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Taking a Long View Right from the Start

Traditionally Risk-Averse Law Firms Look For Right Opportunity in Startups

While the legal profession as a whole may not be known for taking big risks, attorneys who specialize in working with startup companies must share a bit of the entrepreneurial spirit exhibited by their clients.

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SD 500 Update: Legoland’s Ronchetti Now A U.S. Citizen

Legoland California Resort general manager Peter Ronchetti was recently sworn in as a U.S. citizen during a ceremony at Golden Hall. Ronchetti, a native of England, has been at the Carlsbad resort since 2008, overseeing not only theme park operations but also development of their hotel properties.

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Humor Helps Sell Hygiene

RETAIL: Subscription Soap Service Delivers Natural Product, Laughs

You would be hard pressed to find a company in any industry that does not offer a subscription service.

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Here’s One Way to Get New Industrial: Demolition

In a sign of just how competitive the market is for industrial property in San Diego’s core city markets, a Kearny Mesa office building was demolished to make way for a spiffier new industrial building.

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RAF Cashes Out of Industrial With $170M Portfolio Sale

In what some brokers are calling the biggest deal in a decade or more, RAF Pacifica Group has sold a portfolio of 12 industrial and office buildings in North County San Diego and Temecula to an undisclosed industrial investor for $170 million.

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Shapery Sees Historic Building’s Past Being Part of Its Future

PROPERTY: Office, Retail Space Likely Options for East Village Purchase

Abandoned and run-down, the old building near Market Street and Island Avenue in East Village might be seen by some as ready for the wrecking ball.

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Gov. Brown Sees Big Beer Advantage in Free Glasses

Early September, California Gov. Jerry Brown vetoed a bill that would have allowed breweries to give up to five cases of free branded glassware to bars or other beer retailers. According to Brown, this freebie would give an “unfair advantage” to large beer manufacturers, as the little guys probably don’t have the funds to do the same.

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Thursday, October 4

MappBio Awarded $14.8M Contract for Sudan Virus Therapy

San Diego’s MappBio received a $14.8 million contract to advance a treatment for Sudan virus.

S.D. Angel Conference Pairs Experienced Investors With First-Timers

The conference will give participants a chance to try their hand at investing, and entrepreneurs a chance to compete for $200,000.

Investor Gets Observer Status on Viasat Board

Viasat Inc. said on Oct. 3 that a major investor, the Baupost Group LLC, will get a presence on its board as a non-voting observer. As of Oct. 4, Baupost had an $861 million stake in the Carlsbad company.

Cordial Knows Value of Connecting, Especially With Employees

2018 Best Places to Work Winners: Small Employer Category (15 - 49 U.S. Employees)

SOFTWARE: Co. Pursues Innovation and Challenge While Keeping Things Fun

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Employees Help Craft, Refine and Re-energize Company Culture

2018 Best Places to Work Winners: Medium Employer Category (50 - 249 U.S. Employees)

MARKETING: Power Digital’s Education Program Is a Perk for Both Co., Staff

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2018 Veteran & Military Entrepreneur Finalists Announced

The San Diego Business Journal, in partnership with The Rosie Network, will celebrate local veteran entrepreneurs and military spouses with the 2nd annual Veteran and Military Entrepreneur Conference & Awards program.

New Lab at UCSD Studies Blockchain Uses

BlockLAB, a new lab at the University of California San Diego, will study how blockchain can be used by corporations and governmental entities.

Biotechs Among Most Impacted by Law Requiring Women on Boards

LEGAL: Dearth of Women on Local Life Science Boards

The San Diego biotech industry stands to be particularly affected by a recently signed bill requiring California public companies to have at least one woman on their board by the end of 2019.

East Village Site Well-Suited for Renovation; Renaming Honors Past

PROPERTY: Creative Office to Rekindle Entrepreneurial Spirit

A block of six East Village buildings that were once one of the largest manufacturers of men’s clothing in the United States has been brought back to life as creative office space and renamed to honor its founding family.

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Wednesday, October 3

Frances Arnold, an Illumina Board Member, Shares Nobel Prize

The board director of San Diego life sciences giant Illumina and professor at Caltech shared in the Nobel Prize for Chemistry.

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Swinerton Strives to Build Both the Team and Community

2018 Best Places to Work Winners: Mega Employer Category (2,000 Or More U.S. Employees)

BUILDING: From Nonprofit Efforts to Instant Bonuses, Co. Recognizes Good Work

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Employee Ownership Helps Bring Family Feeling to McCarthy

2018 Best Places to Work Winners: Large Employer Category (250 - 1,999 U.S. Employees)

CONSTRUCTION: Co. Puts Health, Happiness And Balance on the Agenda

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National Funding Acquires Fast-Growing Small Business Lender

After making an early investment in QuickBridge, National Funding acquired the company.

Acadia and FDA Confident in Parkinson’s Psychosis Drug

Acadia Pharmaceuticals is flying higher after the U.S. Food and Drug Administration reaffirmed its drug in uncharacteristically public fashion.

Sempra Unlikely to Be Hurt Initially By China’s Tariffs on LNG

ENERGY: Co. to Serve Other Customers; It May Hurt Facility Construction

The Chinese government’s new schedule of tariffs should be no concern for San Diego’s Sempra Energy, according to at least one industry analyst.

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ID Analytics Names New CEO

ID Analytics promoted its senior vice president of product to CEO.

Mobile Voting Company Buys S.D.-Based Everyone Counts

Everyone Counts, an electronic voting registration company, was acquired by an Ohio company that specializes in mobile and blockchain voting.

Irvine Company Buys Del Mar Heights Office Complex

Three-building complex was built in 2006

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Tuesday, October 2

Co. Aims to Counter Possible Device Dangers

TECH: Cases for Phones, Laptops Address Concerns Over Radiation Exposure

Cary Subel and Alaey Kumar have built a business on the foundation of technology — specifically, public unease over technology.

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UCSD to Offer Real Estate, Development Program

EDUCATION: Program to Delve Into Complexities of Planning and Communities

Demand is so strong for well-trained real estate and development professionals that UC San Diego is creating a special degree program in the field.

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For Sauce Co., It’s All Gravy This Year

FOOD: National, International Expansions Add to Revenue

When a then 16-year-old Starr Edwards decided to go vegan almost 15 years ago, unimpressed by vegan-friendly options on the market at the time, she put her chef hat on and set out to make her own creation.

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Kratos Receives Contract for 6 Drones

Kratos Defense and Security Solutions Inc. announced Oct. 2 that it received a new contract award for six high-performance, jet-powered unmanned aerial drone system aircraft.

San Diego Firm Buys Las Vegas Apartments

Building has 540 apartments

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Airport Authority Hires Domenico D’Ambrosio as VP of Marketing

Previously, D’Ambrosio worked at Verizon as market president, where he oversaw sales and operations for 14 states.

S.D. Driver Data Startup Gets $2 Million In Local Funding

Tourmaline Labs, which collects data through drivers' mobile phones, closed on $2 million in funding from two San Diego firms.

VelosBio Lands $58M Round

VelosBio, a San Diego-based firm developing cancer drugs, received a $58 million Series A round, investor Arix Bioscience recently announced.

Mission Beach Apartments Sold For $5M

Complex has 16 apartments

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S.D.'s Gurtin Municipal Bond Management, With $14B in Assets, Bought by Pimco

Newport Beach-based Pacific Investment Management Co. is buying the municipal-bonds specialist to expand its tax-exempt investments business.

Monday, October 1

Navy May Partner to Redevelop SPAWAR Site

The U.S. Navy is mulling its options to renovate or redevelop its 42-acre SPAWAR complex in Old Town — a former aircraft factory — as well as a nearby 24-acre complex on Sports Arena Boulevard.

SD 500 Update: Schmid Named Builder of the Year At Icon Awards

Chelsea Investment Corp. and CEO Jim Schmid have been honored as the 2018 Builder of the Year by the Building Industry Association of San Diego County.

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Boxing Club Brings Exposure, Fitness and Style To Retail Space in Mixed-Use

Artem Sharoshkin wanted something dramatic and different for The Boxing Club in downtown San Diego.

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Short-Term Rentals Are Fighting Back for Their Place in Tourism Sector

TOURISM: Hotels Say Level Playing Field Needed; Rental Cos. Try Referendum

In 2017, San Diego was the second highest ranked city in California for Airbnb with 537,000 guest arrivals, totaling a $100 million in host income, according to the company.

Cohu Closes Acquisition of Xcerra

Cohu Inc., the Poway company that makes equipment for semiconductor factories, announced on Oct. 1 that it has completed its acquisition of Massachusetts-based Xcerra Corp. for about $800 million.

Netradyne, AI Focused Fleet Safety Startup, Raises $21M

The Series B funding round was led by Microsoft Corp.’s venture arm, M12.

Judge Rules Against IPhone Ban, But Says Apple Violated Qualcomm Patent

Judge Thomas Pender issued his final determination on Sept. 28, stating that banning the import of iPhones would be against the public interest.