SD BUSINESS JOURNAL DAILY ENEWS

Pacific Beach Apartments Sold For $7M

Complex has 19 apartments

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Dinsmore Hires New Litigation Partner Christopher Lyon for San Diego Office

Christopher Lyon is the firm’s third litigation partner in San Diego, according to a press release.

Murrieta Property Sold For $2.7M

Property was partially developed

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Boutique Hotel’s $80M Renovation Impresses

TOURISM: Property’s Past Gives It Unique Personality

Walk into the newly-opened The Guild Hotel, a Tribute Portfolio Hotel, and there’s a sense of having stepped back in time, but not.

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UK Agency Asks Illumina and Pacific to Address Its Concerns

Failure of Merging Cos to Comply Would Result In a More In-Depth Analysis

A U.K. competition watchdog said on June 18 that Illumina’s planned $1.2 billion acquisition of Pacific Biosciences raises anti-competitive concerns, at a minimum delaying the deal.

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Vera Bradley Acquires 75% Stake in Pura Vida

According to a news release, the purchase price is $75 million in cash and up to $22.5 million in incremental earnout.

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Cannabis VC Invests $10M in San Diego Startup Working to Increase Crop Yields

Canopy Rivers Inc. invested in ZeaKal, a San Diego startup developing technology to make plants more photosynthetic.

Oska Wellness Takes in $5.5M Seed Round

Oska Wellness — maker of a portable device that’s pitched as a drug-free alternative for pain management – raised $5.5 million in seed funding.

Viasat, Arianespace Modify Launch Deal

New Model Launch Vehicle Will Carry Satellite to Space

Viasat Inc. announced on June 17 that when it comes time to launch its constellation of ViaSat-3 satellites, it will use a new model of rocket from Arianespace.

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San Francisco Firm Expanding San Diego Portfolio

Firm owns several San Diego office buildings

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NASSCO Launch Is a Big Deal for Shipyard

SHIPPING: First Ship of Two Is Part of $511M Contract With Matson

General Dynamics NASSCO launched a newly built commercial container ship June 15 with much fanfare.

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NTConsult Selects San Diego as U.S. HQ, Hiring for Senior Roles

Co. Sees Those Leaders as Better Suited for Pursuing Biotech, Fintech and Medtech

A Brazilian software firm opened a new headquarters in San Diego. NTConsult, which has roughly 200 full-time employees between Brazil, Peru, Uruguay and the U.S., is building an executive team out of its new offices in Sorrento Valley.

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Teradata Hires Chief Revenue Officer

Teradata hired former Cisco sales executive Scott Brown to head up the company's global sales.

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Beaming Wellness Merges with San Francisco-Based Project Juice

According to a press release, while both restaurants will operate separately for now, the merger makes the combined businesses California’s largest organic and plant-based quick-serve company.

Chula Vista Industrial Center Sold For $25.7M

Two buildings included in sale.

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Dempsey Takes Unusual Early Role in Project

CONSTRUCTION: Crafting This Learning Environment Called for Creative Touches

A drab, run-of-the-mill Kearny Mesa office building has been transformed into a magical land of airplanes and spacecraft in a school that’s carefully designed to meet the special needs of autistic children.

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Kura Gets Promising Results in Mid-Stage Clinical Trial

Co. Expects to Close $100M Public Offering to Support Oncology Therapeutic

Kura Oncology’s lead drug generated promising results in mid-stage clinical trial, the company recently said.

Kratos, Air Force Put Drone to Test

Aircraft Reportedly Costs A Few Million Dollars

The unmanned tactical aircraft called the Valkyrie from Kratos Defense and Security Solutions Inc. passed another milestone on June 11, making a 71-minute test flight.

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Uber Planning Food Delivery By Drones This Summer

San Diego’s Juniper & Ivy Will Have Burger on Menu

Food delivery in San Diego will no longer be limited to couriers in vehicles or on motor bikes. The drones are coming.

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Jack in the Box Announces Refinancing Transactions

Jack in the Box Inc. announced on June 17 that some of its subsidiaries will complete a refinancing of its existing senior credit facility with a new, $1.45 billion securitized financing facility.

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