SD BUSINESS JOURNAL DAILY ENEWS

Parallel’s $50M Buy Is Just the Beginning

PROPERTY: Company Invests in Promising Submarkets

San Diego-based Parallel Partners has acquired a Kearny Mesa office complex — Sky Park Office Plaza — for $50.6 million in the first of what company Principal Matt Root said will be several San Diego acquisitions.

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Independent Owners, Big Brand Drive UPS Store

FRANCHISING: Retail Network Revenue Exceeds $2B

hat began in 1980 as a convenient alternative to the post office, where people could ship packages and make copies, has grown into a multibillion-dollar network of more than 5,000 stores that offer a range of products and services including packing, shipping, printing, office supplies and passport photos.

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Palomar, Graybill Medical Look at Possible Pact

HEALTH: Affiliations Seen As Way to Cut Costs, Avoid Duplications

Palomar Health wants to deepen ties with a decades-old private physician group in a bid to control costs and closely coordinate patient care.

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Group Effort Has Kept Comic-Con In San Diego

TOURISM: Convention Center Expansion Still Appears to Be a Must

Thanks to efforts from Comic-Con International the San Diego Convention Center Corp., and other local groups, Comic-Con recently announced that it has extend its agreement at the convention center through 2024.

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CommonGrounds Expands to Washington D.C.

With $100M Backing Co. Aims For 50 New Locations in 2 years

CommonGrounds Workspace is going to Washington.

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General Atomics Aeronautical Systems Gets $275M Order

Aircraft, Ground Electronics Are Part of U.S. Army Deal

The following are selected defense contracts awarded to San Diego County companies in mid-July. The U.S. Department of Defense releases a digest of contract awards daily at 5 p.m. Eastern Daylight Time.

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Financial Results ‘Disappoint’ Illumina, It Now Expects FY Revenue Growth of 6%

CEO Calls the Preliminary Results Transitory

Illumina analysts are still bullish on the company after a lowered revenue estimate prompted a stock sell-off.

Trefoil Gets $28M Series A to Work on Vision Diseases

In Connection With Round, Company Takes On New Board Member

San Diego biotech Trefoil Therapeutics recently brought in a $28 million Series A round for work on vision diseases.

Integrity Bottles Taps Its Niche Market With Amazon’s Help

Company. Forecasts More Than $1 Million in Revenue for 2019

The Navy was where Zachary Lewis launched his military career as a special worker. It was also where he kicked off his side hustle turned main hustle: Integrity Bottles.

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Affordable Housing Co. Completes $48.1 Million Mountain View Project

Chelsea to Extend Its Reach North With $41.7M Irvine Project

Chelsea Investment Corp. - one of San Diego County’s most active producers of affordable housing — has wrapped up a $48.1 million Mountain View project that will provide 143 apartments for low-income households.

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San Marcos Mobile Home Park Sold For $11.5M

A San Marcos mobile home park has been sold for $11.5 million.

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Industrial Building in San Marcos Bought For $3.9M

A San Marcos industrial building has been sold for $3.9 million.

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Pacific Beach Apartments Bought For $3.7M

A Pacific Beach apartment complex has been sold for $3.7 million.

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Oceanside Retail Building Changes Hands in $11M Deal

An Oceanside retail building that is anchored by T.J. Maxx and Goodwill Industries of San Diego has been sold for $11 million.

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San Diego Apartment Complex Sold For Nearly $2.2M

A San Diego apartment complex has been sold for nearly $2.2 million.

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Fresno County RV Park Sold to San Diego Co. For $3.2M

A San Diego company has acquired a recreational vehicle (RV) park in Fresno County for about $3.2 million.

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We Tha Plug Looks to Connect With Community Startups

TECH: It Offers Guidance, Resources and Mentorship to Help Companies

A crowd of entrepreneurs, tech workers and curious listeners gathered at Blink’s offices in downtown San Diego.

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Medical Condo Brings $11.9M In Rare Deal

Ranks as One of Highest Deals for Such a Property In San Diego

A Maryland real estate investment trust has acquired a San Marcos medical condominium unit for nearly $11.9 million in a transaction that is unusual because of its nature and the size of the deal.

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Northrop Grumman Fire Scout Ready to Fight

Unmanned Helicopter Passes the Point of Initial Operational Capability

The U.S. Navy has declared that an unmanned helicopter built by Northrop Grumman Corp. is ready for prime time.

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Bankers Hill Apartments Sold For $4M

Building will be renovated

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