Stories for November 2019
Thursday, November 28
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.
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”.
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.
Tuesday, November 26
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.
Co. Has Launched A Mobile Health Team In San Diego
Seniors and patients with chronic conditions are more likely to cycle through emergency rooms.
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.
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.
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.
New CEO Paul Baribault Brings Disney Experience to Job
San Diego Zoo Global has launched its San Diego Zoo Kids television channel.
Monday, November 25
Rady Children’s Hospital in San Diego recently announced the single largest donation in its history.
Wild Barrel Brewing Co. opens second location near the Promenade Temecula.
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.
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,
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.
$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.
LEADERSHIP: Event Speaker, Carrie Stone, Offers Pointers To Aspiring Directors
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
Seeking and destroying lung cancer. Succeeding where Theranos failed. Treating resistant breast cancers.
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.
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.
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.
S.D. Defense Co. Wins Competition, Increases Exports
Four finalists competed on Nov. 13 for thousands of dollars to help them expand internationally.
RESIDENTIAL: He Achieves An Almost Custom Experience
Women’s fashion magazines are where San Diego builder Bill Davidson got some of his inspiration.
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.
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.
BIOTECH: Founder to Remain as Chair
Thirteen years ago, Robin Toft landed in the emergency room with a colon cancer diagnosis.
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.
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.
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
According to a press release, Scott H. Baxter will begin serving on the board of directors of Callaway Golf Company immediately.
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 will use the funding to support more startups making $1 million to $5 million in revenue.
Seniors and patients with chronic conditions are more likely to cycle through emergency rooms. So why not bring regular care to them?
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.
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.
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.
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.
Wednesday, November 20
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.
Three companies will use Brain Corp.'s technology for their industrial cleaning robots.
San Diego-based Inseego, a maker of telecommunications technology, said that it donated mobile hotspots to Northern California VOAD (Voluntary Organizations Active in Disaster).
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.
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.
Tuesday, November 19
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.
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.
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.
ACQUISITION: Tech Well-Suited for Women’s Health Applications
San Diego’s Daré Bioscience reached an agreement to acquire Microchips Biotech.
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.
TECH: Company Confident in Phone Work and 5G Plans
Qualcomm Inc. beat Wall Street expectations for the company’s quarterly results.
Monday, November 18
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.
Perlman Clinic has opened its ninth location – this one in the Del Mar Highlands Shopping Center.
According to a press release, San Diego Zoo Kids includes programs primarily produced for medical facilities, specifically pediatric patients.
TRAVEL: Growing Supply, Strong Dollar May Take Toll
Ask the local hotel industry experts, and they’re happy to tell you.
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%.
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.
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.
Public perceptions around cannabis have been muddled by misinformation and sensationalism.
The cannabis industry is often thought of as a 21st Century gold rush.
Sunday, November 17
EDDY Pump won $35,000 to help the company expand its sales overseas.
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.
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.
Government Systems, Satellite Services Propel the Growth
Satellite services provider Viasat Inc. broke even during the second quarter of its fiscal year.
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.
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.
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
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
ZRG bought Toft Group, an executive search firm based in San Diego, it was announced Nov. 14.
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.
To date, DecisionLogic has processed 40 million users for loans based on their banking history.
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.
Wednesday, November 13
Avidity Biosciences bagged a $100 million series C round to work on a pipeline of preclinical programs for muscle disorders and other diseases.
Carlsmed, a San Diego-based startup that uses predictive analytics to plan spine surgeries, named a new COO.
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.
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.
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.
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.
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
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.
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.
Co. Attracted to ‘Up-and-Coming’ East Village Location
The coworking giant Spaces has opened its second San Diego location.
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.
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.
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.
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.
Monday, November 11
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.
According to WARN filing made with the Employment Development Department, the 174-room Karlan Hotel will be permanently closing on Dec. 31.
LifeNet Health has acquired Samsara Sciences, a subsidiary of Organovo that provides human liver cells for drug research.
Cyclopure is developing filtration products that can remove tiny chemicals from tap water.
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.
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.
Sunday, November 10
New Jersey’s Currax Pharmaceuticals now holds the rights to contrave, a weight-loss drug with San Diego roots.
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.
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.
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.
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.
$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.
Oceanside Site Sells for $2.5M
The building formerly known as Red & White Market has officially been sold.
Cubic Corp. is the first corporate partner to be slated for recognition within UC San Diego’s planned new engineering building project.
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.
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.
PHARMA: Company Positioning Itself to Be a Leading Global Biopharma Organization
Neurocrine Biosciences reported revenue of $222.09 million in third quarter results.
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.
BIOTECH: Cancer Drug Failed to Extend Patient Lives
For many biotechs, the news would be a death knell.
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.
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.
Friday, November 8
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
Prior to becoming CEO of SeaWorld Entertainment, Sergio Rivera served as president and CEO of ILG Inc’s Vacation Ownership Segment.
Executive Chairman Victor Lund will serve as interim CEO.
Silvergate priced its IPO at $12 per share.
Tandem Diabetes Care logged a jump in third quarter revenue as the company moved toward profitability.
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.
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
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 promoted interim chief financial officer Akash Palkhiwala to the executive role.
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.
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.
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.
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
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 seeks to modulate the immune system to fight cancer and other diseases.
The deal will boost Seismic's headcount to 800 employees.
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.
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.
San Diego-based Inseego, a maker of telecommunications technology, said that it donated mobile hotspots to Northern California.
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.
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.
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.
Monday, November 4
Eastridge Workforce Solutions began offering its employees stock ownership in January.
Neurocrine reported revenue of $222.09 million in third quarter results, a 46.3% year-over-year jump.
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.
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.
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.
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.
ReVessel’s Containers Take on Many Tasks From Cooking to Storage
ReVessel is a company that makes sustainable, travel-friendly food storage containers.
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.
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.
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.
Sunday, November 3
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.
Deutsche Telekom will add Teradata's analytics platform to its portfolio of IT solutions.
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.
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.