SD BUSINESS JOURNAL DAILY ENEWS

Coworking Company Industrious to Open Two San Diego Locations

Industrious, a big coworking company that recently raised $80 million, plans to open its first two San Diego locations.

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San Francisco Firm Buys Sorrento Mesa Building

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.

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Me Too Movement Goes to Work

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.

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Viasat Gets $10M Military Satellite Contract

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.

Latest Solution to Local Housing Crisis: Granny Flats

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.

MabVax Sells Assets to German Company

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.

Carlsbad Project Sold For $3.9M

Quonset Project tenants include Campfire Restaurant and Carruth Cellars.

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Trovagene and Nektar Strike Cancer Research Collaboration

San Diego’s Trovagene will partner with Nektar Therapeutics to explore combining their two drug candidates to treat metastatic colon cancer.

A Sound Business Model: LRAD Grows Revenue 30 Percent

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.

Judge Rules Qualcomm's Licensing Practices Violated Antitrust Law

After months of deliberation, a U.S. District Judge found that Qualcomm's licensing practices violated antitrust law.

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Employers Must Set the Tone for the Workplace

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.

HFF Secures Refinancing Loan For Point Loma Project

Project was completed in 2018.

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Locana Pulls in $55M to Repurpose CRISPR for RNA Therapies

Locana, a San Diego biotech that repurposed the gene-editing system CRISPR, has raised a $55 million series A round.

Product, Passion and Branding Hit Target

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.

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Pacific Surf Designs Wins Appeal Decision

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.

Valley View Casino & Hotel to Reveal Expansion

According to a news release, the previous 100,000 square foot casino and restaurant space will now be 143,000 square feet.

Tenants Find Class A Spot at Tower 180

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.

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Reneo Pharmaceuticals Raises $50M Series A Round

San Diego’s Reneo Pharmaceuticals raised a $50 million Series A round to tackle metabolism and energy disorders.

TuSimple Launches Pilot with U.S. Postal Service

TuSimple, a startup developing self-driving trucks, will run a two-week pilot program with the U.S. Postal Service.

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Stos Partners Buys Temecula Industrial Building For $7.1M

Calavo Growers is leasing part of the building.

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