Industrious, a big coworking company that recently raised $80 million, plans to open its first two San Diego locations.
Graymark Capital Inc. bought the 92,477 square-foot building at 10455 Pacific Center Court from an undisclosed seller for $16.5 million. The building is 45 percent occupied.
LEGAL: Harassment Laws Get Tougher in Protecting Workers
At the prestigious Salk Institute for Biological Studies in Torrey Pines, three female researchers had sued the organization for gender discrimination. Scientists Katherine Jones, Vicki Lundblad and Beverly Emerson filed lawsuits in 2017, claiming they were not given the same access to grant funding, salaries and promotions as their peers.
Viasat Inc. said it received a contract to build a low Earth orbit satellite for the U.S. military’s Link 16 radio system. The Space Enterprise Consortium of the U.S. Air Force made the $10 million award.
PROPERTY: Housing Commission Estimates Room for 5,500
Granny flats are being looked at by the San Diego Housing Commission as one way to help ease the region’s housing crisis.
BIOTECH: BioNTech Plans to Establish a Local Research Facility
The recent acquisition of San Diego’s MabVax has been a long time coming. MabVax sold its cancer drug assets and its lab equipment to German company BioNTech, it was announced earlier this month.
Quonset Project tenants include Campfire Restaurant and Carruth Cellars.
San Diego’s Trovagene will partner with Nektar Therapeutics to explore combining their two drug candidates to treat metastatic colon cancer.
DEFENSE: Rancho Bernardo Business Bought Back $2.2M of Its Stock
LRAD Corp., the maker of Long Range Acoustic Devices able to deliver sound over great distances intelligibly, reported net income of $1.18 million, or 4 cents per share, on total revenues of $10.2 million during its second quarter, which ended March 31.
After months of deliberation, a U.S. District Judge found that Qualcomm's licensing practices violated antitrust law.
WORKFORCE: Policies And Protocols Must Be Announced, Instituted
New laws alone won’t be enough for substantive change. Companies also have to set a tone from the top for a good workplace.
Locana, a San Diego biotech that repurposed the gene-editing system CRISPR, has raised a $55 million series A round.
FOOD: Company Appeals to Millennial Tastes, Mindset
Food company Bonafide Provisions sells chicken, beef, turkey and frontier flavored broths and other bone broth-based food products in about 6,000 stores nationwide, including Jimbo’s…Naturally!, Sprouts Farmers Market and Whole Foods Market.
According to a press release, this victory comes after other wins against Surf Waves, Ltd., and Flowrider Surf, Ltd., both affiliates of Whitewater West Industries.
According to a news release, the previous 100,000 square foot casino and restaurant space will now be 143,000 square feet.
OFFICE: Blue Bottle, Mendocino Farms Will Move In
With $55 million of redevelopment work still under way, the 25-story downtown San Diego office building that’s been renamed Tower 180 has signed up two tenants for some of the retail space.
San Diego’s Reneo Pharmaceuticals raised a $50 million Series A round to tackle metabolism and energy disorders.
TuSimple, a startup developing self-driving trucks, will run a two-week pilot program with the U.S. Postal Service.
Calavo Growers is leasing part of the building.