Stories for August 2019

Friday, August 30

SEC Accuses Local Real Estate Investor of $300M Fraud Scheme, Freezes Assets

The Securities and Exchange Commission alleges the founder of the Patio Group and American National Investments defrauded investors out of $300 million.

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Thursday, August 29

Neuroscience Research at Salk, UC San Diego Pulls in $3M Gift

An institute dedicated to neuroscience research that’s run by the Salk Institute for Biological Studies and UC San Diego has received a $3 million gift.

Grocery Delivery Startup Mercato Teams up with DoorDash

Independent grocery delivery startup Mercato will work with DoorDash.

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‘Foragers’ Find New Products to Bring to Store Shelves

They Try to Match Community Tastes and Help Sales Promotions

Biocom Adds 3 Board Members

Biocom has added three board members, the life sciences trade group announced Aug. 26.

Drugs Get a Second Chance

Pharma: Rare Finds Pay Off for Cos., Patients

San Diego County biotechs are banking on companies’ scrapped or stalled ideas, including Impact Biomedicines, Kura Oncology and Mirum Pharmaceuticals.

$33M Funding Round Helps Ezoic Scale Its Publishing Platform

Startups: Company’s New Tools Bring Speed and More Information

Ezoic is developing a platform to help digital publishers strike a balance between driving ad revenue and building an attractive website layout.

Come Out Curing at the Bell

SDBJ INSIDER

Lineage Cell Therapeutics took some time out for something that always looks like it would be a lot of fun — not to mention it puts you in the same ranks as Muhammad Ali who did it in 1999.

Wednesday, August 28

Puesto to Open Craft Brewery, Third Location

According to a press release, the $8 million project was designed by Paul Basile of Basile Studio, and the brewery, which will focus on Mexican lagers, will be led by former Gordon Biersch head brewer, Doug Hasker.

Spring Valley Apartments Sold For $6M

Complex has 28 apartments

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Fractional CFOs Can Be Big Asset

Finance: Cos. Get Needed Experience

Business is booming in San Diego for part-time accounting and CFO services.

Golden Hill Apartments Sold For $2.1M

Building dates to 1926

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CEO Spreads the Word on NuttZo

Retail: Self-Promotion Got Product in Spotlight

The nut butter’s journey from kitchen to big-box grocers is a tale of entrepreneurship, timing and — yes — love.

Taking Up Residence

Property: Developer Aimed High, Hits the Mark With Apartment Towers

Joining its sister building Pinnacle on the Park in looming over East Village and the rest of downtown San Diego at 520 feet tall, Pinnacle International’s Spire San Diego is wrapping up construction and is already lining up tenants.

Oceanside Industrial Lease Signed For $2.4M

Company makes membrane products

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Tuesday, August 27

ABBOTT Engineering To Merge With Coffman Engineers

Merger set for Sept.13

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Ionis Pharmaceuticals Eligible for up to $262M in Licensing Deal

Ionis Pharmaceuticals netted a $25 million licensing fee from pharmaceutical GlaxoSmithKline, with the potential for bigger bucks.

Two Roots Brewing Co. to Sell in BevMo!

According to Two Roots, this is the first entry in a series of nationwide expansion for the company’s non-alcoholic lager, IPA, wheat and seasonal styles.

Pathfinder Partners Buys Colorado Apartments For $20.7M

Project has 97 apartments

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Seidler Sees the Importance of Team Effort

Leadership: In Business, Sport and Even Homelessness,The Right People Make An Impact

Prioritize, collaborate, delegate. That is how private equity specialist Peter Seidler handles complex issues.

Joint Venture of Stos, Long Wharf Acquire Two Buildings

Cos. See Advantage In Rehabbing Older Buildings

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Cancer Drug Developer Erasca Bolsters Executive Team

Led by biotech luminary Jonathan Lim, Erasca has beefed up its executive team.

Teradata Hires Former Fortive Exec for New Role

Teradata named Bob Joyce head of Teradata Business Systems, a new role for the company.

Monday, August 26

Qualcomm Names a New Interim CFO

Qualcomm Inc.'s previous interim CFO, David Wise, retired on August 23.

Jamul Casino to Relaunch Loft 94

According to Eater San Diego, the Loft 94 will open in October.

Sunday, August 25

Court Lets Qualcomm Operate as Usual During Antitrust Appeal

A federal appeals court gave Qualcomm Inc. permission to conduct its business as usual — at least temporarily — as it appeals its antitrust case. Qualcomm will begin oral arguments in January.

BlueNalu Announces Commercialization Plans for Seafood Production

It is anticipated that each facility will produce up to 18-million pounds of finished seafood products per year...

Social Syndicate to Purchase Normal Heights’ Rosie O’Grady’s

According to a statement, Rosie O’Grady’s will remain the same Chicago-style neighborhood bar and will continue to feature live music and a vast beer selection.

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Companies Create a Destination for Tenants

PROPERTY: Unusual Eatery, Collaborative Spaces Transform Office Campus

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Thursday, August 22

Carlsbad Shopping Center Sold For $57.6M

The Beacon La Costa is anchored by Equinox fitness

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Big-Box Vacancies Are Snapped Up By Retailers Big and Small

In the First Half, Space Became Available in 29 Big-Box Stores

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Local Craft Brewing Delivers $1.2 Billion In Economic Impact

Seen as Driving Force On Many Levels in the San Diego Economy

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Retrophin’s Stock Tumbles After Miss in Late-Stage Clinical Trial

Shares of Retrophin fell 27% after its rare disease drug candidate failed to work better than a placebo in a late-stage clinical study.

Vista Industrial Building Sold For $25.3M

Building includes office space

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Vacationers Can Find Healthy Habitat at the Inn at Moonlight Beach

Platinum WELL Ranking Earned After Being Tested In Seven Categories

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Soltek Pacific Gets $12M in Renovation Work at 32nd Street

New Center Will Support Navy Littoral Combat Ships

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Wednesday, August 21

Development Builds on Rural Theme

Cost is Put at $500M for Net Zero Development

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Stresses, Strains of Startup Life Can Take Toll

LEADERSHIP: Health And Mental Health Issues Need to Be Dealt With

MG Properties Buys Two Los Angeles Apartment Complexes for $139.5M

Complexes have 397 apartments combined

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Vuori Gets Minority Investment

According to the release, Jon Kossow, managing partner at Norwest, will join Vuori’s board of directors as part of the agreement. No other terms were disclosed as of press time.

C3bank Aims to Be Local, National Presence

FINANCE: It Sees Opportunity in Active Startup Community

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Viasat Q1 Revenue Hits $537M, Buoyed By Several Factors

Aircraft Business Affected By 737 MAX Groundings

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Shea Homes Buys El Cajon Site For $6.5M

Plans to build 36 estate homes

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California Life Sciences Association Adds 9 Board Members

The California Life Sciences Association on Aug. 20 announced that it added nine board members, including from Amgen, DuPont Nutrition & Biosciences and Ernst & Young.

CUSTOM CONTENT: Small Group Insurance and Employee Benefits: Myth Vs. Fact

What business owners should know when making major buying decisions.

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Tuesday, August 20

Heron’s Pain Anesthetic Successful in Late-Stage Clinical Trial

A postoperative pain anesthetic from Heron Therapeutics reduced pain intensity and the use of opioids among hernia surgery patients in a late-stage clinical trial, the company reported Aug. 20.

County, USD Create Incubator for Small Biz

STARTUPS: Assistance Targets Underserved Neighborhoods

UC San Diego Passes $2 Billion Fundraising Goal

The achievement comes three years earlier than projected

Port of San Diego Approves Lease for Costa Vista RV Resort

According to an August 13 press release, The Costa Vista RV Resort will be the first of a number of projects as part of the Chula Vista Bayfront Master Plan.

Fletcher Hills Apartments Sold For $2.8M

Complex has 14 apartments

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SANDAG Issues Bonds for Mid-Coast Trolley Project

Mid-Coast Trolley Project will add nine new stations and extend San Diego Trolley service 11 miles from Old Town to UC San Diego and University City.

Food Trucks Brake For Craft Breweries

BREWING: Brewers Still Find Outsourcing Food Service Is Way to Go

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Scripps Mercy to Get $59 Million Cancer Center

Prebys Cancer Center Will Be Under Partnership With MD Anderson

Monday, August 19

Sanford Burnham Prebys Institute Lands $4.96M Grant In Hopes of Helping Oxygen-Deprived Newborns

A professor at Sanford Burnham Prebys Medical Discovery Institute landed a $4.96 million grant to further study a preclinical program for oxygen-deprived newborns at risk of neurological disorders.

Pacific Beach Apartments Sold For $7M

Two complexes had 22 apartments

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Theatre Box Opens 5th & Sky Rooftop Gardens & Lounge

According to a press release, 5th and Sky Rooftop Gardens & Lounge is a Japanese-style, 5,000 square foot open air Japanese-styled bar with views of downtown San Diego and the Coronado Bridge.

Vista Industrial Property Sold For Nearly $2.5M

Property is fully leased

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Wineries Rely on Clubs to Drive Traffic and Revenue

VINTNERS: It’s Not Just Grapes That Are Cultivated; Relationships Are Essential

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TradeSun Brings Ease, Automation to Trade Documents

Process that Took 45 Minutes Can Now Be Done in 5 Minutes.

Turtle Beach Q2 Revenue Is $41.3M; Co. Names Director

Corporation Gains More Perspective on Ecommerce

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Sunday, August 18

Office Project Gets a Key OK from Council; Groups Still Oppose

Cisterra Plans $450,000 Contribution to Preserve; Activists Want Site Changed

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SBP and Eli Lilly Extend Collaboration For 3 More Years

Complementary Expertise Being Applied to Develop Immunological Therapies

Qualcomm Appoints New Chairman

TECH: McLaughlin Replaces Henderson

S.D. Startup Week Gets Funding Boost From the City

City Sees Value of Investing in Early-Stage Economic Ecosystem

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Organovo Exploring Strategic Alternatives After Poor Results

Company Suspended Development Of Its Lead Program

Ra Medical Announces Leadership Change

BIOTECH: CEO Irwin Is Out; CFO Jackson Named Interim Leader

TCA Invests Record $13.7M in First Half

TECH: Of 28 Investments, 17 Were First-Time Funding

North Park Apartments Sold For $3.7M

Complex has 10 apartments

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Ra Medical Announces Leadership Change, Delays Results

BIOTECH: CEO Irwin Is Out; CFO Jackson Named Interim Leader

Amid legal, manufacturing and financial problems Ra Medical Systems delayed the release of second quarter results.

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Friday, August 16

Biotechs (And Other Small Companies) May Lose Association Insurance Option

In a July letter to insurers the California Department of Managed Care, or CDMC, fired a warning shot against association health plans, in what could have wide-reaching impacts for biotechs, life sciences trade groups and other industries.

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Thursday, August 15

Renovation Caters to Biotech’s Researchers

PROPERTY: Execs’ Offices Take Back Seat to Workers’

Give the best views of the ocean and surrounding landscape to the researchers up front.

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Riverside Apartments Acquired by San Diego Firm For $60M

Complex has 187 apartments

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Cell Therapy Company Changes Name and Relocates HQ to Carlsbad

Lineage Underwent Corporate Restructuring, Co. to Focus on 3 Programs

BioTime is getting a new name — and a new headquarters.

Lyford Named to California’s Aging Stakeholder Advisory Committee

Shelley Lyford, the CEO of the nonprofit West Health, has been appointed to California’s Master Plan for Aging Stakeholder Advisory Committee.

Sycuan Casino Resort Awarded AAA Four Diamond Rating

According to the press release, to be awarded a Four Diamond Rating, an establishment must be “upscale in all areas,” including accommodations, décor and furniture, restaurants, architecture and hospitality and service.

Telemedicine Blossoming at San Diego Hospitals Amid Payment Reforms

Virtual Care Opens Lines Of Communication, Healing

Telemedicine is by no means new. But lagging insurance coverage and infrastructure costs prevented wide adoption. That’s changing,

Cornerstone’s Estancia Built to Accommodate Large Families

Houses Have Granny Flats for Separate Living Space

what for it is an unusually small housing development in Otay Ranch in partnership with Presidio Residential Capital.

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Wednesday, August 14

Ionis’ Spinraza Gets Some Competition From Novartis’ SMA Treatment

Ionis Having Good Discussions With FDA on Other Therapeutic

Ionis Pharmaceuticals’ drug for a muscle-wasting disease continues to be the company’s main driver of growth, with competition looming.

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Airgain Names Jacob Suen as CEO

Airgain President Jacob Suen was promoted to CEO of the company.

Carlsbad Industrial Building Sold For $7.3M

Building was home to the Gemological Institute of America

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British Airways Holidays Will No Longer Sell SeaWorld Tickets

The announcement comes weeks after Virgin Holidays made a similar decision.

WaterVault Gives Users Inside Info On Leaks

Sensors Attached to Fixtures Rather Than Hard to Reach Pipes

An eye-popping water bill gave Hooman Borghei the idea for his newest startup, WaterVault.

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La Mesa Shopping Center Sold For $3.2M

Center has 50 percent occupied

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Normal Heights Apartments Sold For $2.3M

Complex has eight apartments

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Hiral Shah - Deloitte LLP

Managing Director

Carin Canale-Theakston - Canale Communications

Founder, Canale Communications

Susan Tousi - Illumina

SVP - Product Development, Illumina

Dr. Magda Marquet - ALMA Life Sciences

Co-Founder & CEO

Saundra Pelletier - Evofem Biosciences

CEO, Evofem Biosciences

Karen Gibson - Quidel

SVP - Information Systems & Business Transformation, Quidel

Jill Broadfoot - aTyr Pharma

CFO, aTyr Pharma

Victoria Sassine - Scale Smarter Partners

Co-Founder & CEO, Scale Smarter Partners

India Mullady - Deloitte LLP

Manager - Human Organization Strategies, Deloitte LLP

Ken Weixel

San Diego Managing Partner, Deloitte LLP

CUSTOM CONTENT: The World of Work Is Ready to Change Again

Deloitte and the San Diego Business Journal address the future of work.

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Tuesday, August 13

San Diego County’s Craft Brewers Produce $1.2 Billion in 2018 in Economic Impact

The third annual report was provided by the California State University San Marcos Office of Business Research & Analysis and the San Diego Brewers Guild.

Qualcomm Names New Board Chair

Qualcomm named Mark McLaughlin as the new chairman of the board.

Ra Medical Terminates CEO, Delays Q2 Results

Amid legal, manufacturing and financial challenges Ra Medical Systems delayed the release of second quarter results and fired its CEO.

Getting Better View of Consumers’ Creditworthiness

FINANCE: Co. Uses Bank Statements; 2.7B Transactions in Database

Most consumers know to keep an eye on their credit score. But some...

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SDBJ INSIDER: For Your Next Engagement

We cover a lot of real estate in the San Diego Business Journal. Occasionally, something unusual comes along.

Vegas Co. Finds Second Home in San Diego

HOSPITALITY: Pendry, Sycuan And The Del Won Over By Clique

Three years ago, Clique Hospitality, a Las Vegas-based restaurant and nightlife group, made its debut in the San Diego market.

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Blue Tech Inc. Gets Computer Contract From U.S. Army

Point Loma Firm to Split Work With 7 Other Cos.

The following are selected defense contracts awarded to San Diego County companies in late July and early August.

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Monday, August 12

Carlsbad Connector Shuttle Service to Launch Aug. 19

The shuttle service, a partnership between the City of Carlsbad, North County Transit District and the San Diego Association of Governments, marks the first time such a program takes place in San Diego County.

Carlsbad Connector Shuttle Service to Launch Soon

The shuttle service, a partnership between the City of Carlsbad, North County Transit District and the San Diego Association of Governments, marks the first time such a program takes place in San Diego County.

Scripps Health Breaks Ground on $59M Cancer Center

A $59 million cancer center on the campus of Scripps Mercy Hospital that’s geared toward the central and southern parts of San Diego recently broke ground.

Versatility Defines Industrial Projects

PROPERTY: Developers See Sector as Solid Investment

Demand for industrial buildings has never been higher in San Diego County, and some of the new ones going up are a far cry from the sterile warehouses of old.

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PE Firm Raises $150M For Fund

FINANCE: Impact Investing Looks for Involved Workforce

A San Diego private equity firm is growing its business by helping smaller companies become better places to work.

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Inseego Reports Q2 Revenue of $56M; Up 14% From 2018

5G Wireless Hotspot Hits Market; Growth Expected

Inseego Corp. saw its second quarter revenue grow 14% year-over-year to $55.9 million. The business announced financial results on Aug. 6.

Sempra Energy Q2 Revenue Is $2.23B; LNG Shipments Start

Asset Sale Talks in Progress; LNG Customers Sought

Sempra Energy reported net income of $354 million, or $1.29 per share, on revenue of $2.23 billion during its second quarter.

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San Diego Based EdgeWave Acquired By Cybersecurity Co., GoSecure

Acquisition Brings More Customers and Skilled Employees to GoSecure

Massachusetts-based cybersecurity company GoSecure recently acquired EdgeWave, a San Diego company that specializes in filtering out fishy emails.

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Cubic Reports Q3 Results; It Could Buy Tech Co.

DEFENSE: Company Restructures, Makes Supply Chain Leaner

Cubic Corp. disclosed that it paid $50 million in cash to acquire a 20 percent stake in a privately held software company based outside Washington, D.C.

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Sunday, August 11

San Diego Startup Week Gets Funding Boost

San Diego Startup Week will receive $50,000 from the City of San Diego, an increase from last year.

Mitek Is Still Busy Integrating Acquisitions

TECH: With Fintech Growth, Co. Expects Big Demand For Its ID Verification

Mitek’s new CEO, Max Carnecchia, has had plenty on his hands in his first few months of the job.

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Qualcomm to Assist SDSI

TECH: Company’s Employees Will Offer Mentoring to Cohorts

San Diego Sport Innovators, a local accelerator for sports, active lifestyle, health and wellness startups, landed a new sponsor.

Downtown Office Building Sold For $4.1M

Building was renovated in 2005

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Q2 Life Sciences Footprint Expands By 263,399 Square Feet

Expansions By Some Of the Bigger Players Are Expected in Q3

The leasing footprint of San Diego life sciences companies grew by 263,399 square feet in the second quarter, according to report from the brokerage firm JLL.

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Irwin Building Co., Architect Tim Martin Renovating Historic Home

Junior League’s Project Originally Designed By Louis and Irving Gill

A Bankers Hill home built in 1916 for San Diego Zoo founder Harry Wegeforth is being restored and renovated by the Junior League of San Diego.

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Restaurant Generated Plenty of Buzz, But Not Enough Business

El Jardin Is Being Replaced By El Jardin Cantina

Last year, El Jardin restaurant, located in Liberty Station, was voted the No. 8 best new restaurant in the United States by Esquire magazine.

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House Prices Still Increasing as Sales Continue to Decrease

Rancho Bernardo Led The Way With 55 Sales In Month of June

Home sales were down in June for the 11th month in a row in Southern California.

Banana Jerky Co. Looks to Grow its Market Online and In Stores

Enthusiasm for Natural Foods Likely to Drive Sales

Banana jerky, made of dried organic, Non-GMO and Fair-Trade bananas, is disrupting the traditional beef jerky space.

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Brekki Breaks into Breakfast Business; Now Refines Packaging

Company Finds Less Expensive Manufacturing; Looks To Generate Buzz

Starting this month, Brekki LLC, a Carlsbad-based company that makes ready-to-eat, refrigerated overnight oats, will be available.

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Thursday, August 8

Tech Coast Angels Invests Largest Amount Since its Inception

Tech Coast Angels invested $13.7 million in the first half of 2019.

Pacific Beach Apartments Sold For $4.5M

Complex has 14 apartments

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Kensington Apartments Sold For $4.3 million

Complex has 16 apartments

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Oceanside Apartments Sold For $3.8M

Complex has 12 apartments

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The Inn at Moonlight Beach Awarded WELL Certification

A WELL Certification is awarded to properties that focus on “enhancing people’s health and wellness,” read the release.

Halozyme Reports Q2 Results

San Diego-based Halozyme reported $39.1 million in second quarter revenue, an 11% year-over-year increase.

Carlsbad Industrial Building Renovated

BLT Enterprises acquired the building in 2017

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Wednesday, August 7

Organovo Suspends Lead Program, to Explore ‘Strategic Alternatives’

Known for 3-D printed tissues that emulate human organs, Organovo plans to explore a merger, acquisition and other strategic alternatives.

Co. Looks to Change the Coffee-Vending World With Better Brew, Machine

Machines Made in Europe; Coffee Sourced From Local Roasters

Stuck cramming for finals at the library in the early morning hours, Vendibean co-founder Tristan Cooper needed a boost.

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Midstage Trial Results Hit Mark for Cidara’s Anti-Fungal Drug

CEO Says Treatment Is Now One Step Closer to the Market

A drug candidate from Cidara Therapeutics aimed at invasive fungal infections hit its mark in midstage clinical trial results, the company recently reported.

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Jack in the Box Reports Same Store Sales Increase 2.7% in Third Quarter

Lenny Comma, Jack in the Box's chairman and CEO, said the company has reached its targeted leverage ratio of approximately 5.0 EBITDA.

Carlsbad Digital Publishing Startup Raises $33M

Ezoic raised $33 million for its platform, which helps digital publishers optimize site layouts and get better metrics on readers.

Lytx Lands New Customer in Moving Company

Lytx brought on Coleman Worldwide Moving as a new client.

Teehee Bishop Joint Venture to Put Roofs On Navy Buildings

Small Businesses Poised to Divide Up to $30 Million

The following are selected defense contracts awarded to San Diego County companies in late July.

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Startups Split Prize in Contest to Come Up With Community Health Solutions

Foundation Seeks Ways to Overcome Social Barriers to Promoting Health

Two San Diego startups each took a $500,000 prize from a pitch competition to find community solutions for health and wellness.

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Tuesday, August 6

With Legal Issues Settled, Arcturus Focuses on Medicines

MEDICINE: RNA Delivery System Could Bring In $1B, Company has Drug Development Pipeline As Well

Arcturus Therapeutics went through a messy proxy fight last year that saw the removal and then return of its CEO. With that chapter behind it, the company is vying to be a frontrunner in what could be the next big thing in drug development.

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Boxing Club Aims to Succeed in East Village

Neighborhood’s Future Is Bright, But There Are Present Challenges

Artem Sharoshkin figured that he found the perfect location when he opened The Boxing Club in East Village on the bottom floor of the Shift apartments nearly a year ago.

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SDBJ INSIDER: AtYourGate Arrives in Ontario

Who needs wings to fly? Apparently a lot of people do need chicken wings, burgers and assorted airport foods.

New Address Will Let DRS Daylight Solutions Grow

$100M Business Serves Both Military and Medical Clients

From the very start, DRS Daylight Solutions set out to make a dual-use product — that is, something both the military and commercial enterprises might use.

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QDOBA Launches Keto, Vegan and Double Protein Bowls

According to a press release, QDOBA is now adding a smoked brisket keto bowl, a grilled fajita vegan bowl and a chicken protein bowl.

CH’s Venues Turn the Tables on Bland

DINING: Unique Environments Pay Off, Draw Crowds

Consortium Holdings, the San Diego-based social and culinary collective with 16 bars and restaurants throughout the county.

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Housing Development Has a Historical Touch

RESIDENTIAL: Project Is Mostly Single-Story Homes Which Start at $1M

A historic Bonita home that was built for the son of President Ulysses S. Grant will be restored and sold as part of a single-family housing development.

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Monday, August 5

San Diego Cybersecurity Company Acquired by GoSecure

EdgeWave, a company that filters out email phishing attacks, was acquired by GoSecure.

Obalon Therapeutics Charts $15M Stock Offering

Obalon Therapeutics – which makes a gas-filled balloon designed to treat obesity -- recently announced it’s planning a $15 million public stock offering.

Startup Plans Better Clinical Trials

SOFTWARE: Algorithms Used to Tap Key Data

After losing her best friend to pancreatic cancer, Trials.ai CEO Kim Walpole knew something had to change.

Troubles in China Take a Toll on Qualcomm’s Stock

TECH: CEO Expects Headwinds for Next Two Quarters

China was the star of the show going into Qualcomm Inc.’s third quarter earnings report.

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CourseKey Closes $5 Million Series A Funding Round

Company Says It Is Ready To Grow With Recent Key Hires

CourseKey, a startup founded at San Diego State University, closed a $5 million Series A round on July 30.

Expected Weak Economy May Not Put Big Dent In CRE Fortunes

Forecast Sees Office And Industrial Making A Strong Comeback

Despite growing concern that a recession may be looming, expectations for commercial real estate in San Diego and elsewhere in the state are increasingly optimistic.

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Sunday, August 4

Development Faces Environmental Hurdles

PROPERTY: Project Plans Ways to Fit in Eco-Sensitive Location

Cisterra Development plans to build a 420,000 square-foot office complex in Carmel Valley on an 11-acre site south of state Route 56 that it’s calling The Preserve at Torrey Highlands.

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ResMed Reports Q4 Results, Takes $41M Hit In Justice Dept. Settlement

New Mask Launches, SaaS Solutions Seen As Positives For Company

In fourth quarter earnings medical device maker ResMed reported strong financial results, albeit dampened by a tentative $39.5 million settlement with the U.S. Justice Department.

Kearny Mesa Office Park Sold For $11.2M

Futura Business Park has three buildings

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San Diego Sports Accelerator Teams up with Qualcomm

San Diego Sports Innovators landed a new sponsor: The Qualcomm Foundation.

Revenue Up 24% at Kratos Defense & Security Solutions

Organic Growth Was 13%; Capital Expenditures Planned

Kratos Defense & Security Solutions Inc., is a defense contractor and electronics maker based in Scripps Ranch.

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San Diego Hospice, Others Form California Hospice Network

The non-profit organization’s mission is to “enhance their local delivery of exemplary patient care and end-of-life services,” according to a press release.

Illumina Results Show Weak Second Quarter As Revenue Is Up 1%

CEO Is Confident in Competitive Position, Market And Opportunities

In second quarter earnings Illumina Inc. said revenue grew only 1% year over year, an atypical financial miss for the giant of DNA technology.

Thursday, August 1

Q2: Revenue Skyrockets for Tandem Diabetes Care

After the market closed on Aug. 1 Tandem Diabetes Care reported second quarter earnings that included $93.3 million in revenue, a 173% year-over-year increase.

San Marcos Industrial Building Sold For $3.9M

Building is 22,565 square-feet

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Procopio Extends Lease At 525 B St.

Law firm added five years to lease

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Apartment Complex Sold For $3.7M

Complex has 12 apartments

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Little Italy Makes $89M Addition

TOURISM: Property Promotes Neighborhood

Perched at the edge of Little Italy near the foot of Ash Street, the Carte Hotel is designed as a tribute to its neighborhood, with touches inside and outside tying it to the community’s past, evoking Little Italy’s connection to fishing and San Diego Bay.

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Accelerator Helps Social Enterprises, Nonprofits Reach Their Potential

Creating a Sustainable Business Model Allows Groups to Focus on Goals

After working in startups for his entire career, Ken Davenport was looking to do something more fulfilling. Seven years ago, he left the company he had cofounded to create Mission Edge, a company that provides back-office support, accounting and HR for nonprofits.

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San Diego Melanin Found a Need for Networking, Activities

Organizer Saw Communities That Were Not Being Served

When Loren Cobbs relocated to Tijuana from Washington, D.C., a few years ago for a job in international affairs, she hoped a quick drive up to San Diego would fulfill her yearn to see more ...

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Top Four S.D. Life Sciences VC Deals Add Up To $379M

San Diego’s Total Q2 VC Share Comes To $805.8 Million

Life sciences companies dominated a list of the region’s largest venture capital investments in the second quarter.