Daily Business Report-Feb. 26, 2018
The property is located at 643-653 and 665 Fifth Ave.
Gaslamp Quarter Retail
Corner Sells for $19,850,000
The retail corner at Fifth Avenue and G Street in the Gaslamp Quarter that is home to the Ghirardelli Cafe and Urban Outfitters has been sold for $19.9 million. The seller was ASB/Blatteis 665 Urban 5th Venture LLC. The buyer’s identity was not disclosed.
The property is located at 643-653 and 665 Fifth Ave.
Bill Shrader of Colliers International originally secured Urban Outfitters and Ghirardelli Cafe as tenants in the late 1990’s, both of which recently extended their leases. The 2,692-square foot unit between Urban Outfitters and Ghirardelli Ice Cream Shop will become available for lease in March and will be marketed by Colliers International, which represented the seller in the sales transaction.
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General Dynamics NASSCO Delivers New
Expeditionary Sea Base to United States Navy
NASSCO has delivered the fourth expeditionary sea base, named after World War II Medal of Honor recipient Hershel “Woody” Williams, to the United States Navy’s Military Sealift Command.
Construction of the USNS Hershel “Woody” Williams began October 2015 and involved more than 21,000 tons of steel. The 784-foot-long ship’s designs enables servicemen and women to carry out an array of missions including air mine counter measures, counter-piracy operations, maritime security operations, humanitarian aid, disaster relief missions, Marine Corps crisis response and more. MH-53 and MH-60 helicopters, and MV-22 tilt-rotor aircraft are all supported.
Delivery follows the successful completion of integrated sea trials. From Jan. 15-19, the NASSCO team worked alongside government personnel to test the ship’s systems and ensure its readiness for delivery to the Navy.
Construction of ESB 5, the future USNS Miguel Keith, is currently 60 percent complete and will be delivered to the Navy in March 2019.
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toSense’s Remote Patient Monitoring
Necklace Gets 2nd FDA Clearance
toSense’s CoVa Monitoring System 2, a remote patient monitoring necklace that tracks vitals and cardiac fluids, has received a second FDA clearance.
The new clearance will allow the company to update the software to add a new feature that measures stroke volume and cardiac output to the orginal product. The clearance also lets the device connect to a mobile application that allows medical professionals to remotely view measurement data and single-lead ECG wave forms.
The first version of the CoVa system got FDA clearance in May 2015. The CoVa 1 tracked a number of vital signs including heart rate, heart variability, respiration rate, skin temperature, and thoracic fluid levels.
“With our recent FDA clearance for stroke volume and cardiac output measurements, clinicians will now have daily, remote access to these important hemodynamic properties, taken quickly and easily by the patients themselves,” Susan Pede, Vice President of Operations at toSense, said in an email to MobiHealthNews.
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Cubic Buys Image Processing
Tech Maker MotionDSP
Cubic has acquired Burlingame, California-based software company MotionDSP in a move to add image processing technology offerings to the San Diego-based contractor’s mission solutions business.
MotionDSP enhances the quality of real-time videos, while servicing a wide variety of industries including military, law enforcement, oil and gas, forestry, inspection services, energy and transportation. MotionDSP’s products include a full suite of software processing capabilities for video and redaction, supporting both desktop and cloud deployments.
MotionDSP offers technology designed to help customers process videos for public safety, government and security applications, Cubic said.
Mike Twyman, president of Cubic Mission Solutions, said the company aims to expand CMS operations in public safety and adjacent markets through the acquisition.
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UC San Diego Ranked Among Best Schools
in World to Study International Relations
The University of California San Diego is one of the best schools in the world for scholars who want to solve crucial social challenges and propel world peace, according to Foreign Policy magazine. The publication’s global rankings lauded UC San Diego for its undergraduate international relations program, ranked 11th, and its master’s program for policy careers in international relations, ranked 15th. The campus’s Ph.D. program was named the seventh best in the world for students pursuing an academic career in international relations.
UC San Diego’s academic programs in international relations are offered through the Department of Political Science in the Division of Social Sciences and the School of Global Policy and Strategy.
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Ionis Pharmaceuticals Farms Out Antisense
Drug to AstraZeneca in Deal Worth $330 Million
Carlsbad-based Ionis Pharmaceuticals has licensed an antisense drug to AstraZeneca, picking up a $30 million payment in the process. The British pharma will take over the development and commer
cialization of IONIS-AZ5-2.5Rx, which is designed for the treatment of kidney disease.
In addition to the $30 million upfront licensing fee, Ionis stands to receive up to $300 million in tiered royalties as well as development and regulatory milestones, the company said.
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San Diego North Economic Summit
The San Diego North Economic Development Council will stage its fifth annual San Diego North County Economic Summit on April 11, where the first ever North County Indicators report will be released. Attendees will hear from Mark Vitner, managing director and senior economist at Wells Fargo, Josh Williams, principal of BW Research, and the students of Carlsbad High School who will debut their latest film “North County’s Cool Jobs.”
The event will be held at Cal State San Marcos, in the Student Union Ballroom.
Click here for additional details
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Community Celebrates Region’s First
Freeway-Level Transit Stations
The grand opening celebration and community block party were held in City Heights on Saturday for completion of the region’s first freeway-level transit stations. Officials and community members kicked off the festivities by unveiling a bronze plaque that will be installed at the El Cajon Boulevard and University Avenue Centerline Rapid Transit Stations.
The $65 million project led by the San Diego Association of Governments, was a collaborative effort between Caltrans District 11, which provided the construction management services for the project, and the San Diego Metropolitan Transit System, which will maintain the transit stations and operate the Rapid transit service. Construction began on the SR 15 Mid-City Centerline Transit Stations project in 2015.
“The Centerline Rapid stations will provide MTS passengers with even more convenience and reliability through the heart of the Mid-City corridor,” said MTS Board Chair Georgette Gómez, who is also a SANDAG Board of Directors representative, and councilmember for District 9. “Residents of City Heights worked hard to achieve this project, which will add a new level of transit service for the Mid-City community.”
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San Diego Press Club to Present
Program on Fake News and Snopes.com
The San Diego Press Club will present a program on Snopes.com, a fact-checking and reference website, from 6 to 8 p.m. Tuesday, Feb. 27, at its Downtown San Diego offices at the Spreckels Building, 121 Broadway, Suite 640. Cost to attend is free for members and $10 per person for nonmembers. The event is open to the public.
Speaker will be Brooke Binkowski, managing editor with Snopes.com, which, since 1994, has been researching the veracity of urban legends, myths, rumors and misinformation on such topics as politics, pop culture, technology and health. Binkowski will discuss the difficulty of knowing what to believe, how social media has been weaponized and how she combats fake news in her job of separating facts from fiction. For more event information, visit www.sdpressclub.org. The program is part of the Press Club’s “Nuts & Bolts” series.
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Tortuga Logic Gets to Scene of
Cybercrimes Before Criminals Do
Evonexus
A flawed microchip is a hacker’s best friend. Tortuga Logic aims to spot those flaws before they ever make it into a silicon chip.
Anyone who has paid attention to cybersecurity news has heard about such flaws, though they might not associate them with chip issues. The Meltdown and Spectre bugs are two problems traced to microchip defects.
Tortuga Logic, based in Downtown San Diego, has its roots in two University of California campuses, including UC San Diego.
VC Funding
The business received $2 million in seed funding from Palo Alto-based Eclipse Ventures in the middle of 2017; that award was publicly announced in December. The funds are helping Tortuga Logic accelerate its engineering and, to a lesser extent, take its patented technology to market, said co-founder Jonny Valamehr.
“There isn’t a ton of software to do security verification,” said Valamehr, one of Tortuga Logic’s four co-founders and its chief operating officer.
Microchips contain billions of transistors — features that can act as amplifiers, or act as relay switches able to turn something on or off. That complicated combination of circuits and transistors is a physical object jammed into a tiny package. Even so, every chip begins life as a blueprint laid out by a chip-design software program.
Tortuga Logic’s software aims to look over a microchip design at several stages of its development, to make sure no flaw has crept in. Those stages might include the point where all the chip subsystems come together for the first time, and the point when the chipmaker first adds software to the mix.
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Humanitarian Mission
Military Sealift Command hospital ship USNS Mercy departs Naval Base San Diego Friday in support of Pacific Partnership 2018. Pacific Partnership, now in its 13th year, is the largest annual multinational humanitarian assistance and disaster relief preparedness mission conducted in the Indo-Asia-Pacific (U.S. Navy photo by Mass Communication Specialist 2nd Class Kelsey L. Adams.
