Stories for November 2019

Thursday, November 28

International Shops Of La Jolla Sold For $6.5M

Project was 83 percent leased

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Apple to Reshape San Diego’s Tech Landscape

TECH: Investments, Partnerships Likely To Pay Off Big for Region

Apple Inc. is adding to its tech campus in San Diego, with plans to occupy a second building in University City.

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Del Mar Plaza Get Green Light for Significant Changes

Changes to Bring Sense Of Community, More Defined Tenant Mix

Upgrades to the 76,000 square foot Del Mar Plaza, located in the heart of Del Mar, can now take place thanks to an amendment made to the 30-year-old “Del Mar Specific Plan”.

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Ocean Beach Apartments Sold For $3.2M

Complex has eight apartments

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San Diego Brokers Arrange El Centro Office Sale

Building was fully occupied

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SDBJ INSIDER: Ask Illumina, Not the Waiter

What’s for dinner? Maybe Illumina can help.

Training Center to Be Foundation for New Construction Workers

Staffing Problems Are A Big Issue; Center to Open Next Year

Construction workers who want to improve their skills or learn a new aspect of the business will soon have a new place to train.

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Tuesday, November 26

Tech Coast Angels Invests Again in Mercato and Discover Echo

Tech Coast Angels-San Diego is increasing its investment in two local companies: Mercato, the delivery startup for independent grocers, and Discover Echo, the microscope maker formerly known as Echo Labs. Mercato received an additional $1.1 million while Discover Echo received $1 million.

Presidium Health Raises $3.5 Million To Reduce ER Visits

Co. Has Launched A Mobile Health Team In San Diego

Seniors and patients with chronic conditions are more likely to cycle through emergency rooms.

Wawanesa Goes With The Leasing Option for New U.S. Headquarters

73,970-Square-Foot Mission Valley Building Will Be Fully Renovated

Wawanesa General Insurance Co. is going from landlord to tenant, putting the two buildings it owns in Mission Valley up for sale and leasing space nearby.

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Encinitas Chili’s to Close

According to a WARN filing with the Employment Development Department, Encinitas-based Chili's Grill & Bar, located at 1004 N. El Camino Real, will close on Jan. 3, 2020.

It’s Mirati Vs. Amgen As Drugmakers Target Mutated Gene

Bigger Sample Size, More Time Needed To Evaluate Drugs

An experimental drug from Mirati Therapeutics shrunk the tumors of some cancer patients with a common mutation, in an early-stage clinical trial.

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Zoo TV Brings Healing, Happy Programming to Hospitals

New CEO Paul Baribault Brings Disney Experience to Job

San Diego Zoo Global has launched its San Diego Zoo Kids television channel.

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Monday, November 25

Rady Children’s to Receive $200M Donation

Rady Children’s Hospital in San Diego recently announced the single largest donation in its history.

Wild Barrel Brewing Co. Opens Temecula Location

Wild Barrel Brewing Co. opens second location near the Promenade Temecula.

Artisan Ambitions Guide Puesto

DINING: Mission Valley Spot Plans Inventive Dining, Drinks

Puesto Mexican Artisan Kitchen & Bar, headquartered in La Jolla and with around 380 local employees, continues to up the ante as far as its local food and beverage offerings are concerned.

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Access and Action Define New Building

PROPERTY: ‘Front Door’ Opens Up UCSD Experience

Innovative in design and function, construction has started on what will become a new gateway to the University of California San Diego,

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San Diego Tech Hub Sees Need to Connect, Cooperate

TECH: Claude Jones Wants a Mindset of Going Forward While Giving Back

When Claude Jones expanded Walmart Labs’ new Carlsbad office, he knew the company would need to attract talent quickly.

BAE Systems, Huntington Ingalls and NASSCO to Divide Shipyard Funds

$299M Added to Ship Repair Effort in Fiscal 2020

The U.S. Navy increased the overall amount of funding to repair certain surface ships in the Port of San Diego.

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Getting a Seat at the Table: How Women Can Position Themselves to Get on Boards

LEADERSHIP: Event Speaker, Carrie Stone, Offers Pointers To Aspiring Directors

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Cubic Corp. Closes Out a $1.5B Year, Stock Tumbles

Co. Announces 2 Acquisitions, Offers Fiscal 2020 Guidance

Defense and transportation electronics specialist Cubic Corp. finished its 2019 fiscal year with revenue of slightly less than $1.5 billion.

Sunday, November 24

Funding Goes to Cancer Drug Developers, Company Billed as the Anti-Theranos

Seeking and destroying lung cancer. Succeeding where Theranos failed. Treating resistant breast cancers.

Bumble Bee to Be Sold for $925M, Files for Bankruptcy

San Diego-based Bumble Bee Seafoods filed for Chapter 11 bankruptcy protection, saying in a statement that the move was a first step in selling the business. FCF Co. Ltd. has agreed to buy it for $925 million.

New Name Is a Look to the Future, Says Genasys CEO

ELECTRONICS: Co. Formerly Known as LRAD to Keep Legacy Products

The Rancho Bernardo company named for its Long Range Acoustic Device, or LRAD, decided it had outlived its name and has taken the final step to change it.

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Greatscale’s Pilot Fund Puts $1 Million Into Software Company

Fulcrum’s Platform Gives Access to More Than 15 Million Freelancers

Greatscale Ventures, a new venture capital firm in San Diego, made its first investment in a San Diego-based employment software company.

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MetroConnect Means Millions For Eddy Pump

S.D. Defense Co. Wins Competition, Increases Exports

Four finalists competed on Nov. 13 for thousands of dollars to help them expand internationally.

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Builder’s Touches Turn Houses into Homes

RESIDENTIAL: He Achieves An Almost Custom Experience

Women’s fashion magazines are where San Diego builder Bill Davidson got some of his inspiration.

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County Wineries Bring $58.6 Million Economic Impact

AG: Industry Had $41 Million in Gross Sales for 2018

The San Diego County Vintners Association has released its “2019 San Diego County Economic Impact of Wineries” report.

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Children’s Park Redesign Creates New Asset for Community

Location Near Museum Gives Families a Full Day Of Discovery

A 1.4 acres public park, founded in 1995 and located in downtown San Diego, will soon be getting a facelift.

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Toft Group Acquired By New Jersey Co.

BIOTECH: Founder to Remain as Chair

Thirteen years ago, Robin Toft landed in the emergency room with a colon cancer diagnosis.

Illumina Could Sweeten Pot With Free Licenses

GENOMICS: Company Maneuvering to Get UK Approval of Acquisition

Illumina has proposed offering competitors free licenses to certain patents in hopes of getting U.K. regulatory approval to buy Pacific Biosciences.

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New Vision at NuVasive

MEDICINE: Surgery Co. Appears To Be Making Right Moves

A year ago, Chris Barry became the CEO of NuVasive, one of San Diego’s largest medical device companies. It wasn’t a caretaker role.

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Many Young People Are Giving Up on Home Ownership

RESIDENTIAL: High Rents, Student Debt and Fear All Play a Part

Good news for apartment investors but maybe not so much for real estate agents comes from a report by Apartment List.

Thursday, November 21

Scott H. Baxter Appointed to Callaway Golf Company Board of Directors

According to a press release, Scott H. Baxter will begin serving on the board of directors of Callaway Golf Company immediately.

Kearny Mesa Office Building Sold

Building is fully leased

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Illumina Hopes IP Plan Wins Over U.K. Antitrust Regulator

Illumina has proposed offering competitors free licenses to certain patents in hopes of getting U.K. regulatory approval to buy Pacific Biosciences for $1.2 billion.

Founders First Secures $100 Million from Community Investment Management

Founders First will use the funding to support more startups making $1 million to $5 million in revenue.

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Presidium Health Raises $3.5 Million to Cut Down on ER Visits

Seniors and patients with chronic conditions are more likely to cycle through emergency rooms. So why not bring regular care to them?

Carlsmed Sees Personalized Medical Devices as the Future

Predictive Analytics Also Used To Develop Surgical Plans

Carlsmed is a San Diego-based company that uses predictive analytics to develop personalized treatments for adult spinal deformities.

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S.D. Has Big Share of Million-Dollar Homes

High-Tech Industry Drives Up Home Prices

When it comes to million-dollar homes, San Diego has more of them than just about any other city in the country, according to a national mortgage lending company.

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‘The Hottest Office Building’

Kilroy Is Building an Office That Will Be Part of Little Italy’s Past, Present and Future

Kilroy Realty wanted something different from the typical glass-and-steel look for the six-story office building it’s bringing to Little Italy.

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Rockers Are Done With Industrial Building, But It Still Has Role to Play

Pacific Highway Property Sold for $4.9M

A 1940s vintage industrial building on Pacific Highway that was once used as a nightclub has plans to re-purpose.

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Wednesday, November 20

SeaWorld Gets Approval for Drone Show

According to a SeaWorld San Diego spokesperson, the theme park got approval from the California Coastal Commission late last week to move forward with its plan to feature a drone show.

New Cleaning Robots Use Brain Corp.’s Software

Three companies will use Brain Corp.'s technology for their industrial cleaning robots.

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North Park Apartments Sold For Nearly $3.7M

Complex has 10 townhomes

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Frontera Real Estate Buys Riverside Property

Self-storage project planned

SDBJ INSIDER: For 65 Years, Co. Delivers

San Diego-based Inseego, a maker of telecommunications technology, said that it donated mobile hotspots to Northern California VOAD (Voluntary Organizations Active in Disaster).

Locals Put Down Roots in Hydroponics Farming

AGRICULTURE: With a Growing $8.1B Market, Farmers Create New Markets, Methods

According to a report released in May, the hydroponics market is estimated at $8.1 billion in 2019 and projected to reach $16 billion by 2025.

Cyclopure Takes Aim at Tap Water Market, Raises $4 Million

INNOVATION: Plans to Bring Water Test Kit To Market in Next Year

Encinitas- based water purification startup Cyclopure raised a $4 million round led by Qualcomm co-founder Irwin Jacobs.

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Tuesday, November 19

Hotel to Give Guests Just Enough Room

TOURISM: Sleeping Pod Provides Low-Budget Option to Social Travelers

At a time when many downtown hoteliers are promoting their accommodations as the ultimate in luxury – a Los Angeles developer is moving ahead.

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High-Tech Area Gets Innovative Restaurant Concept

DINING: Food Hall’s Variety May Be Big Draw In Sorrento Valley

Whisknladle Hospitality is a San Diego-based restaurant group behind La Jolla’s Whisknladle comfort food eatery.

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North Park Apartments Sold For $3.4M

Complex has 15 apartments

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Apparently, There Will Be No Stopping Industrial Demand

PROPERTY: San Diego Sector Said to Be Able to Weather a Recession

San Diego has been ranked as one of the best metro areas in the country to buy industrial property, according to a national company for commercial real estate transactions.

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Daré to Acquire Biotech for Up to $101.5M

ACQUISITION: Tech Well-Suited for Women’s Health Applications

San Diego’s Daré Bioscience reached an agreement to acquire Microchips Biotech.

After IPO, Silvergate Considers Its Next Moves

banking: CEO Mulls Foreign Exchange Services, More Crypto-Currency Options

Illumina Inc. reported $907 million in third quarter revenue, a 6% year-over-year increase.

Some Question Qualcomm’s Quarter

TECH: Company Confident in Phone Work and 5G Plans

Qualcomm Inc. beat Wall Street expectations for the company’s quarterly results.

Monday, November 18

Biosero’s Software Is an Automating Force

BIOTECH: It Orchestrates Hardware, Informs Users

Shuffling test tubes. Jotting down temperatures. Labeling samples. It’s Biosero’s job to get them all to work together.

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Perlman Clinic Expands to Del Mar

Perlman Clinic has opened its ninth location – this one in the Del Mar Highlands Shopping Center.

San Diego Zoo Launches Kids Channel in Sydney, Australia

According to a press release, San Diego Zoo Kids includes programs primarily produced for medical facilities, specifically pediatric patients.

Teradata Cuts 80 Employees

The layoffs will begin in January, affecting 80 employees.

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Is San Diego Tourism Hitting Peak Hotel?

TRAVEL: Growing Supply, Strong Dollar May Take Toll

Ask the local hotel industry experts, and they’re happy to tell you.

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Kratos Defense Has $184M in Revenue In its Third Quarter

Valkyrie Drone Contract to Follow DoD Budget Approval

Defense contractor Kratos Defense & Security Solutions Inc. broke even during its recently completed third quarter, when it saw revenue increase 16%.

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Merck Agrees to Buy Calporta in Deal That Could Be Worth $576M

Calporta Had Been Seeking a Buyer or Financial Backing

In 2017, Merck & Co. cut short a late-stage clinical trial of an Alzheimer’s drug because it wasn’t helping patients.

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CUSTOM CONTENT: Rewilding the Minds

With the 2019 American Society of Landscape Architecture (ASLA) National Conference in San Diego this month - let’s focus on a topic of the profession.

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CUSTOM CONTENT: Elevating Awareness Around The Importance of Shopping Legal

Public perceptions around cannabis have been muddled by misinformation and sensationalism.

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CUSTOM CONTENT: Green Funding

The cannabis industry is often thought of as a 21st Century gold rush.

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Sunday, November 17

EDDY Pump Wins $35,000 Prize from MetroConnect

EDDY Pump won $35,000 to help the company expand its sales overseas.

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AlwaysAI Seeks to Help Advance Computer Vision Applications

Co. Closes $4M Series A and Establishes Two Partnerships

A Solana Beach-based company has been growing quickly after it was founded by two experienced tech execs last year.

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Maternity Clothes Co. Gets Moms Onboard

RETAIL: Company Expects to Make $15.6 Million in 2019

Kindred Bravely is an Oceanside-based company that makes nursing and maternity clothes for new and expecting moms.

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Viasat Q2 Revenue Up 14% Over Same Quarter Last Year

Government Systems, Satellite Services Propel the Growth

Satellite services provider Viasat Inc. broke even during the second quarter of its fiscal year.

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Ionis Bests Expectations With $168M in Revenue

PHARMA: Drug Brings In $82M in Q3 Sales; Net Income Is $18M

In first quarter earnings ResMed posted $681.1 million in revenue, a 16% year-over-year increase.

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Teradata’s Leadership Change Catches Many By Surprise

TECH: Visionary CEO Said to Be Wrong Fit For Current Conditions

Teradata’s CEO Oliver Ratzesberger was ousted from the company less than a year into his new role.

HLI Raises $30 Million After a Valuation Plummet

Company Planned to Open Up Its Services to Middle-Class Market

Human Longevity Inc. has raised $30 million, a year after a letter from the company’s board signaled a cash crunch at the genomics outfit.

Friday, November 15

Sycuan Appoints New General Manager

According to a press release, Robert Cinelli will hold the general manager post at the Sycuan Casino Resort starting Jan. 1, 2020.

Thursday, November 14

Toft Group Acquired by ZRG

ZRG bought Toft Group, an executive search firm based in San Diego, it was announced Nov. 14.

Economic Impact of Local Wineries Put at $58.6 million

The "2019 Economic Impact of San Diego County Wines” report states there was a 9/7% increase in San Diego County wine industry jobs in 2018.

Lemon Grove Apartments Sold For $4.5M

Complex has 25 apartments

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DecisionLogic Hits 40 Million Users for Lending Software

To date, DecisionLogic has processed 40 million users for loans based on their banking history.

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Business Park Sold For $23.2M

Center has five buildings

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Nestor Apartments Sold For $10.7M

Complex has 46 apartments

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Business Journal Staff Wins 18 Awards, Whitlock Best in Show

MEDIA: San Diego Press Club Honors Series on Region’s Psychiatric System

The San Diego Business Journal won 18 journalism awards — including Best in Show.

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Wednesday, November 13

Avidity Biosciences Raises $100M Round

Avidity Biosciences bagged a $100 million series C round to work on a pipeline of preclinical programs for muscle disorders and other diseases.

Chula Vista Apartments Sold For $3.5M

Complex has 15 apartments

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Spine Treatment Startup Carlsmed Names New COO

Carlsmed, a San Diego-based startup that uses predictive analytics to plan spine surgeries, named a new COO.

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Grants Give Researchers Tools To Tackle Problems

Oceanographers Team Up to Examine Toxic Algae Blooms

Toxic algae blooms. Injuries from nerve damage. Brain disorders- these are problems San Diego researchers hope to better understand.

Company Tastes Success With Dehydrated Bone Broth

RETAIL: Portability Sells; Revenue Expected To Be $10 Million in 2019

According to Global Market Insights Inc., the worldwide bone broth market will be worth more than $2.8 billion by 2024.

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Employee Ownership Seen As Way to Preserve Co. Culture

FINANCE: Eastridge Adopts Plan to Show Confidence in Staff

Eastridge Workforce Solutions, a San Diego-based company that offers recruiting, payroll and other services, began offering its employees stock ownership.

Chefs Connect Cuisines to Vegan Trend Developing New Options

DINING: Asian Restaurants Start With Advantage of Already Using Vegetables

While vegetables have traditionally been a predominant staple of Asian cuisine, along with rice and meat, it is only as of recent that they have become the chief ingredient.

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Merck Buys Calporta, Deal Worth up to $576M

In 2017, Merck & Co. cut short a late-stage clinical trial of an Alzheimer’s drug because it wasn’t helping patients, one of many failures that led big pharma to scale back efforts to try and treat brain disease.

Tuesday, November 12

Food Hall in Sorrento Valley Opens

According to a spokesperson, Park Commons features five food places within a flexible 10,000 square feet open floor plan and hopes to effectively service Sorrento Valley's 130,000 daytime population.

Investors Drawn To County’s Multifamily Market

Renters Pump $48.9 Billion Into Local Economy

Apartment renters and investors are playing an increasingly significant role in San Diego County’s commercial real estate market, according to recent reports from brokers and a the national housing agency.

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Spaces Coworking Finds a Good Fit, Environment In Block D

Co. Attracted to ‘Up-and-Coming’ East Village Location

The coworking giant Spaces has opened its second San Diego location.

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Dexcom Delivers With Impressive Q3 Results

Company Looking At Various Avenues to Expand Its Market

In what an analyst called another blowout quarter, Dexcom on Nov. 6 posted $396.3 million in third quarter revenue, a 49% year-over-year increase.

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Co. Looks to Create a Tijuana Software Scene

TECH: iTijuana Brings Companies, Talent and Jobs to Border City

Maritza Diaz visited Tijuana for the first time in 2015, when she was scouting the border city for a potential expansion of Thermo Fisher’s operations.

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Pilot Program Puts Zero Emission Buses on Sustainability Route

CARB Goal Is to Have ZEB Fleets Replace Polluting Vehicles By 2040

On Oct. 19, 2017, the San Diego Metropolitan Transit System (MTS) Board of Directors unanimously approved an 18-month Zero Emissions Bus (ZEB) pilot program.

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Jacobs, Rady Schools Form Accelerator

TECH: Altman Will Help With Commercialization, Clinical Trials

Medical device startups with ties to the UC San Diego will soon be able to take advantage of a new accelerator program offered by the Institute of the Global Entrepreneur.

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Monday, November 11

After Valuation Plummet, Human Longevity Raises $30M

Human Longevity Inc. has raised $30 million, a year after a letter from the company’s board signaled a cash crunch at the genomics outfit.

Hotel Karlan San Diego to Close

According to WARN filing made with the Employment Development Department, the 174-room Karlan Hotel will be permanently closing on Dec. 31.

LifeNet Health Acquires Organovo Subsidiary

LifeNet Health has acquired Samsara Sciences, a subsidiary of Organovo that provides human liver cells for drug research.

Mission Valley Building Leased

Building leased to Wawanesa General Insurance

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Irwin Jacobs Leads $4M Investment in Cyclopure

Cyclopure is developing filtration products that can remove tiny chemicals from tap water.

Incubator Program Hosts Firms Focused on Maritime Environment

BLUE ECONOMY: Port of San Diego Offers Funds and Other Help

One driving force behind San Diego’s blue economy is local government, specifically the Port of San Diego.

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Hotel Del’s Plan Sees Room For More Grandeur

TOURISM: $400 Million Being Spent on Iconic Hotel

In late October, Hotel del Coronado, a Curio Collection by Hilton, and a historic beachfront hotel located in the city of Coronado, filed a WARN notice with the Employment Development Department.

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Sunday, November 10

Currax Buys Nalpropion, Gains Weight-Loss Drug

New Jersey’s Currax Pharmaceuticals now holds the rights to contrave, a weight-loss drug with San Diego roots.

Swimming Robots Scoop Up Data, Generate Revenue

BLUE TECH: San Diego Companies Have Diverse Product Lines

A sea lion or a penguin can be clumsy on dry land. Get one in the water, however, and it moves with remarkable speed, agility and grace — like it belongs there.

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Petco Opens Its First Tijuana Store as Part of Joint Venture

RETAIL: Store is 85th In Mexico; Goal Is for 90 Locations in 2019

On Nov. 1, Petco Animal Supplies Inc., the San Diego-based pet specialty retailer, and Petco Mexico, opened the first Petco store in Tijuana.

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Sempra Energy Revenue, Net Income Rise as Co. Adjusts Business Model

Capital Improvements Plan for Texas Utility Grows

Sempra Energy, the San Diego-based energy infrastructure company, reported profits of $813 million during the third quarter.

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Lincoln Partners With Chinese Co. For Del Mar Heights Office

Site Designed as Life Science And Technology Campus

An expansive Del Mar Heights office project that has been in the works since 2015 is about to begin construction under a newly formed partnership with a Chinese company.

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Sodexo Receives Food Service Deal For U.S. Marines

$116.5M Award Covers Bases Inside, Outside of San Diego

The following are selected defense contracts awarded to San Diego County companies in October and November.

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Customer Service Kept Store Open For 60 Years

Oceanside Site Sells for $2.5M

The building formerly known as Red & White Market has officially been sold.

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SDBJ INSIDER: Engineering Feat

Cubic Corp. is the first corporate partner to be slated for recognition within UC San Diego’s planned new engineering building project.

Seismic Adds CMO To Its Leadership

Londgren’s Resume Includes Several Big-Tech Companies

Fast-growing San Diego software company Seismic hired a new chief marketing officer with several big tech companies on his resume.

BioMed Builds for Tech, Life Sciences

PROPERTY: New UTC Facility Is Fully Leased

With construction only just beginning, BioMed Realty has fully leased a 204,000 square-foot research and office project that it’s building on Towne Center Drive in UTC.

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Neurocrine Reports 46% Spike in Revenue for Q3

PHARMA: Company Positioning Itself to Be a Leading Global Biopharma Organization

Neurocrine Biosciences reported revenue of $222.09 million in third quarter results.

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San-Diego-Based UE Acquired By Florida Co. Digital Media Solutions

Co-Founders Lomas and Malon To Stay With Company

San Diego advertising startup UE.co, formerly known as Underground Elephant, sold to Florida-based marketing company Digital Media Solutions.

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After Missing Mark in Clinical Trials, Halozyme Focuses on Delivery Platform

BIOTECH: Cancer Drug Failed to Extend Patient Lives

For many biotechs, the news would be a death knell.

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The Ups and Downs Of Third Quarter Life Sciences Leasing

PROPERTY: Mirati Leads the 20 Deals Made With 64,108 Square Feet

More life sciences companies took space in the third quarter, but industry leasing activity still fell compared with the same period a year ago.

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Big Apartment Project To Bring Bigger Change

PROPERTY: Mission Gorge Development to Reshape, Revitalize Area

A Los Angeles company that specializes in building and managing large apartment complexes is making its first foray into San Diego County.

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Friday, November 8

Choose Wisely When It Comes to Corporate Structure

STARTUPS: Taxes, Time and Earnings Are All Part of Selection

It’s important to start off on the right foot, and for most startups, that means incorporating.

Thursday, November 7

SeaWorld Entertainment Appoints New CEO

Prior to becoming CEO of SeaWorld Entertainment, Sergio Rivera served as president and CEO of ILG Inc’s Vacation Ownership Segment.

Teradata’s new CEO Out After Less Than a Year

Executive Chairman Victor Lund will serve as interim CEO.

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‘Crypto-Friendly’ Bank Silvergate Makes Public Debut on NYSE

Silvergate priced its IPO at $12 per share.

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Tandem Diabetes Care Reports Jump in Q3 Sales

Tandem Diabetes Care logged a jump in third quarter revenue as the company moved toward profitability.

Carlsbad Industrial Building Sold For $9.2M

Building was fully leased

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Giving Chickens Room To Roam Appeals to Chefs And Customers

Pluck Takes Humane Approach To Raising Chickens

From free-range to cage-free to the latest term pasture-raised, there are plenty of poultry production practices a chef and/or restaurant owner can choose from.

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Mitsui & Co. Signs Preliminary Deal for More Sempra LNG

New Pact Covers Expansions In Louisiana, Baja California

Sempra Energy has a potential customer for not one, but two of the liquefied natural gas (LNG) export projects on its drawing board.

Wednesday, November 6

Red & White Market Officially Closes, Sells Building

After closing its doors to the public late September, the building that housed Red & White Market on South Oceanside was sold by Red & White Properties for nearly $2.5 million early November.

Qualcomm Names New CFO

Qualcomm promoted interim chief financial officer Akash Palkhiwala to the executive role.

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East Village’s Block D Earns Platinum From Green Building Council

Sustainability Efforts Said Not to Add to Cost Of $13M Office

Block D in East Village –— the first building completed in Makers Quarter — has received a top national award for its energy-efficient design.

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College Area Apartments Sold For $4M

Complex has 15 apartments

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Imperial Beach Apartments Sold For $2.2M

Complex has 10 apartments

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Gut Health Is Goal Of Sun Genomics’ Custom Probiotics

Targeted Solutions Said To Take Complexity of Microbiome Into Account

A crop of companies take a person’s fecal sample and profile the microbiome, living microorganisms in the digestive system that are getting increased attention.

Making Flexible Space Work at the Next Level

PROPERTY: Irvine Co. Reimagines Coworking

For those who find coworking too casual but don’t want to be locked in to a long term office, San Diego’s biggest owner and developer of office real estate is the Irvine Co.

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Heron Candidate Could Be Pain Med Alternative to Opioids

Analyst Sees Potential As Blockbuster Treating Postoperative Pain

In April, the U.S. Food and Drug Administration kicked back an application from Heron Therapeutics asking for approval of its experimental pain medicine.

Tuesday, November 5

San Diego MTS Launches Zero-Emission Bus Pilot Program

According to a spokesperson, MTS deployed six battery-electric buses and is currently testing on routes 1, 2, 4, 10, 13, 815, 905 and 936, with the goal is for public transit agencies to gradually transition to 100% zero-emission bus fleets by 2040.

Intrepida Bio Launches with $9.5M

Intrepida Bio seeks to modulate the immune system to fight cancer and other diseases.

Seismic Acquires Marketing Software Company Percolate

The deal will boost Seismic's headcount to 800 employees.

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Diverse Retail Portion Of One Paseo Project Is Fully Leased

DEVELOPMENT: Two Residential Buildings Will Have 608 Apartments Starting at $2,350 per month

Kilroy Realty Corp. has fully leased the retail portion of its One Paseo development in Carmel Valley, and completed the first 237 apartments.

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International Moves Part of SPY’s Plans

RETAIL: Sunglasses Maker to Use Resources of New Owner

In mid-September, Bollé Brands, an eyewear company based out of France, acquired Carlsbad-headquartered SPY, makers of sunglasses, prescription eyewear, snow and MX goggles.

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SDBJ INSIDER: Lifesaving Solutions

San Diego-based Inseego, a maker of telecommunications technology, said that it donated mobile hotspots to Northern California.

Qualcomm Launches $200M 5G Fund

TECH: Qualcomm Ventures to Put $1M to $10M in Startups

A year after Qualcomm Ventures launched a $100 million AI fund, the San Diego-based company is launching a new fund of double the size.

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ResMed Reports 16% Increase In Q1 Revenue

BIOTECH: CEO Reports Balanced Growth Across Co.’s Businesses

In first quarter earnings ResMed posted $681.1 million in revenue, a 16% year-over-year increase.

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Pitch Competition Draws Innovative Crowd of Companies

Just Participating Can Lead to Investments Later

AgTools, an Irvine-based startup developing supply chain software for the agriculture industry, took home the $50,000 at the competition.

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Monday, November 4

Eastridge Workforce Solutions Honors Late Founder’s Vision by Becoming Employee-Owned

Eastridge Workforce Solutions began offering its employees stock ownership in January.

Neurocrine Reports 46% Spike in Revenue

Neurocrine reported revenue of $222.09 million in third quarter results, a 46.3% year-over-year jump.

San Elijo Hills Delivers $2.3 Billion in Sales

HOUSING: Builders Bring Variety and Vision To Completion

It took more than 20 years, but the 1,921-acre community of San Elijo Hills in San Marcos is nearly done.

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Senior Housing Project Planned For National City

Project will have 126 apartments

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Chula Vista Apartments Sold For $2.3M

Complex has 12 apartments.

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Cubic to Provide GATR Communication Dishes to U.S. Marines

Contract Vehicle Has Ceiling Of $325M and Runs to 2029

The following are selected defense contracts awarded to San Diego County companies in September and October.

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How Best to Raise Funding as a First-Time Founder

startups: Have a Plan Of Where You Are Going, And How to Get There

It’s a problem that almost every founder faces at some point in their business.

Company Aims to Fund, Support Underrepresented Startups

FINANCE: Founders First Can Provide Up to $1M in Revenue Backed Investing

Founders First Capital Partners co-founder Kim Folsom knows the challenges of growing a company. She has built six tech startups in her career, several of which saw exits.

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Need for Versatility, Sustainability Drives Food Container Co.

ReVessel’s Containers Take on Many Tasks From Cooking to Storage

ReVessel is a company that makes sustainable, travel-friendly food storage containers.

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Homebuyers in San Diego Paying a Big Percentage of Income On Housing

Many Expect Home Prices to Continue to Grow

San Diego County’s housing market is teetering between one of slowly rising prices to one where prices have cooled and dropped slightly.

Cross Border Xpress Sees 30% Increase in Passenger Traffic for Q3

TOURISM: Improvements Are Planned for Both In And Outside the Facility

Cross Border Xpress, the 390-foot, one-of-a-kind pedestrian bridge that connects the United States to Mexico’s Tijuana International Airport from a terminal in San Diego.

Angel Conference Will Again Inform Investors and Fund Startups

Group Will Narrow Companies Down to Six That Will Pitch

After a successful debut last year, the San Diego Angel Conference will return again this spring.

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Sunday, November 3

Freeze in Joining Association Health Plans Hits Small Companies

INSURANCE: State Action Aims to Support ACA Pool

California companies with fewer than 100 employees were recently barred from joining associations related to their industry to get better insurance rates.

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Teradata Strikes Analytics Partnership with Deutsche Telekom

Deutsche Telekom will add Teradata's analytics platform to its portfolio of IT solutions.

West Bernardo Corporate Center Sold

Extensive renovation planned

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Qpex Biopharma and Brii Biosciences Partner to Take on Superbugs

San Diego’s Qpex Biopharma has licensed three of its programs for drug-resistant bacterial infections to a firm with a mission of bringing breakthrough treatments to China.

Santee Industrial Building Sold For Nearly $4.9M

Building is fully leased

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Oceanside Market Sold For Nearly $2.5M

Building housed Red & White Market

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San Diego Broker Is Part Of $3M San Clemente Apartment Deal

Complex has six apartments,

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Bankers Hill Retail Space Sold For Nearly $10M

Buyer was Paragon Real Estate Fund

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Illumina Reports 6% Increase In Q3 Revenue

GENOMICS: Next Big Growth Driver May Be Initiatives By Governments

Illumina Inc. reported $907 million in third quarter revenue, a 6% year-over-year increase that beat Wall Street expectations.

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Friday, November 1

Petco Opens Store in Tijuana

Petco Tijuana is the 85th Petco store in Mexico, states the press release, with the goal of expanding to 90 locations by the end of 2019.