SDBJ.COM SAN DIEGO BUSINESS JOURNAL Vol. 41, No. 43 THE COMMUNITY OF BUSINESS™ October 26 – November 1, 2020 • $5.00 Cue Receives $481M Award BIOTECH: Co. Plans to Produce More Virus Tests By BRAD GRAVES The U.S. Department of Defense award- ed San Diego-based Cue Health Inc. $481 million to expand the capacity of its San Diego manufacturing plant. Cue Health makes point-of-care tests to detect SARS- CoV-2, the virus that causes COVID-19. The two entities announced the award on Oct. 13. Under the deal, Cue and the feder- al government plan to deploy 6 million COVID-19 tests to support the gov- ernment's domestic virus response by Photo courtesy of Oceanside Beach Resort Owner LLC March. The partners are aiming to get Mission Pacific Hotel and The Seabird Resort are both scheduled to open in spring 2021. They are located in Oceanside on Pacific Street near Mission Avenue. ¨Cue page 34 Two Adjacent Hotels to Open in Oceanside in 2021 HOSPITALITY: $180M Project Will Add 387 Rooms and 400 Jobs Holographic By MARIEL CONCEPCION additional 387 hotel rooms to the city working on creating the dedicated lodg- Solutions as well as 400 new jobs. Collectively, the ing space for over 10 years, with ground- The city of Oceanside is about to get hotels will be the largest oceanfront re- breaking taking place in 2019. The tran- TECH: IKIN Creates a major hospitality upgrade. sort development in San Diego County sient occupancy tax (TOT) from the prop- New Way of Interacting The Mission Pacific Hotel and The in more than half a century, according to erties is expected to be $3.4 million an- Seabird Resort, two adjacent oceanfront Oceanside Beach Resort Owner LLC, an nually, she said, with lodging represent- By FRED GRIER properties located on 2.8 acres of the affiliate of S.D. Malkin Properties. ing 26% of visitor spending in Oceans- Oceanside Pier, are scheduled to open ide out of $415 million. (The remaining IKIN, a San spring 2021. Together, they span 700 feet Personality of Oceanside 74% is spent on dining, attractions, mu- Diego company of beachfront property. Leslee Gaul, president and CEO of seums, recreation, retail, etc.) The visitor founded in 2017, The $180 million project will add an Visit Oceanside, said the city has been ¨ Hotels page 31 is in the process of partnering with some of the largest compa- Military's Economic Impact Estimated at $52.4 Billion nies in the world to provide holo- DEFENSE: Report Quantifies Presence of Navy, Marines, Contractors graphic solutions for both business Ikin and consumer ap- CEO By BRAD GRAVES The military was responsible for some blow of COVID-19 this year, the report Joe Ward plications. $33.6 billion in direct spending during stated. Led by CEO Joe Ward, and Tay- With its U.S. Navy port, its sprawling fiscal 2020. That figure grew 5.7% from lor Griffith, IKIN's CTO and founder. military bases, a large and diverse popu- total direct spending of $31.8 billion in Responsible for 342,500 Jobs The company aims to provide an eco- lation of defense contractors and a legion fiscal 2019, according to a recently issued The military directly employed approx- system in which people will have ac- of military retirees, San Diego County is report from the San Diego Military Advi- imately 153,000 uniformed and civilian cess to tools to create, interact, touch home to the nation's largest military com- sory Council (SDMAC), a nonprofit civ- employees in fiscal 2020, up 7.5% from ap- and feel holographic environments. munity. Year over year, the U.S. Depart- ic organization with ties to the military. proximately 142,400 in the previous year. ment of Defense spends a greater amount Such spending makes the local economy Report authors said the military can ¨ Holographic page 34 in the region. resilient and helped cushion the economic ¨Military page 35 THE LIST NONPROFITONPROFIT(AGENCIES AGENCIES SAN D IEGO BU Ranked by local revenue in fiscal 2019 SINESS JOURNAL 23 Ranked by local revenue in fiscal % breakdown of revenue 2019 source % breakdown of 40 NEXT TOP BUSINESS expenditures Agency THE LIST Local Rank Address revenue Website Phone (millions): FY 2019 Boys to Men Mentoring FY 2018 San Diego LEADERS UNDER 40: 99 3322 Sweetwater Springs Blvd.; Suite 204, Spring Valley 91977 % + (-) # of local expenses www.boystomen.org 619-469-9599 Fundraising employees: Grants/fees Investment income Program service fees Exec. director Other (millions) Full-time $0.89 Service to clients # of directors Management/general Fundraising Part-time $0.87 76 13 na na 11 $0.87 57 11 31 Year est. locally P.24 100 Olivewood Gardens and Learning Center 2 (101) 2525 N Avenue, National City 91950 www.olivewoodgardens.org 619-434-4281 5 Rosemarie Courtney 1 6 $0.85 1996 2020 SDBJ Finalists Are Announced $0.82 12 82 1 5 0 $0.77 84 8 8 101 Computers 2 Kids 3 (NR) 8324 Miramar Mall, San Diego 92121 www.c2k.org 858-200-9787 7 Jen Nation NONPROFITS 18 10 $0.81 2008 $1.11 35 13 1 51 0 $0.9 96 2 2 102 Palomar Health Foundation (27) (NR) PO Box 463063, Escondido 92046 www.palomarhealthfoundation.org 760.739.2787 25 Cheri Pierre 3 18 $0.71 2004 $0.83 na na na na na na na na na 103 Champions For Health (14) Pages 16–23 (NR) 5575 Ruffin Road, Suite 250, San Diego 92123 www.championsforhealth.org 858-300-2789 7 Wayne Herron 1 15 $0.66 1987 $0.6 15 18 0 50 17 $0.6 88 8 4 104 Solana Center for Environmental Innovation 10 (103) 137 N. El Camino Real, Encinitas 92024 www.solanacenter.org 760-436-7986 5 Adama Dyoniziak 0 12 $0.6 1968 $0.53 3 11 0 83 3 $0.55 85 12 3 105 Wounded Warrior Homes Inc. 13 1145 Linda Vista Drive, Suite 104, San Marcos 92078 REAL ESTATE: Big Gains Seen (104) 7 Jessica Toth www.woundedwarriorhomes.org 760-205-5050 6 7 $0.52 1983 $0.49 54 28 0 4 14 $0.55 78 10 11 106 La Jolla Golden Triangle Rotary Club Foundation 6 (106) 14918 Rancho Nuevo, Del Mar 92014 www.ljgtrotaryclubfoundation.org 858-692-3310 4 Mia Roseberry 1 6 $0.43 2009 in Hot Industrial Market $0.34 0100 P.33 107 Kid ' T Tired of blah, blah, blah? Member FDIC PPBI.com/SanDiego Where Business Meets Opportunity™ 2 www.sdbj.com OCTOBER 26, 2020 TABLE OF CONTENTS You built your business from the October 26 – November 1, 2020 | Vol. 41, No. 43 ground up. Don’t let your ex drag it out the door. Fleischer & Ravreby is a San Diego based family law firm that uses a rare, powerful mix of legal, psychological, and financial expertise to procure strong outcomes in court and in mediation. For more than 20 years, we have regularly worked with divorcing business 8 Winning space on Walmart shelves 15 Nonprofits do good and grow owners, entrepreneurs and executives with high incomes and assets. We can handle whatever your case needs. The DEFENSE REAL ESTATE real question is, can your ex handle us? 1 ECONOMY: Military’s economic impact 3 EDUCATION: C.W. Driver undertakes $14.5M redevelopment at Mesa College estimated at $52.4 billion 6 FINANCE: Presidio Residential Capital 14 AEROSPACE: Viasat and ramps up investments to meet growing AeroVironment team up on Army demand network 32 INDUSTRIAL: Stos Partners, others see big gains in industrial market Legal Experts with Humanity DEVELOPMENT 32 INTERIORS: Ware Malcomb takes on 3 ARCHITECTURE: BASILE Studio to put $1.7M Airspace Technologies project Call 858-720-8250 for a complimentary stamp on Makers Quarter 30-minute consultation. SDBJ INSIDER FINANCE 3 Supply Chains Visit www.frfamilylaw.com to explore more. 6 SOFTWARE: TradeSun platform STARTUPS expands into Africa 1 TECHNOLOGY: IKIN advances HOSPITALITY: holographic solutions 12 TECHNOLOGY: Qualcomm chips to 1 HOTELS: S.D. Malkin affiliate to open carry Truepic tech two venues in Oceanside VISIONARY 12 GYM EQUIPMENT: Flybody Fitness 11 FOOD: HotBox by Wiz and Nextbite positions itself for growth partner on ghost kitchen AWARDS TECHNOLOGY LIFE SCIENCES 4 INTERNET: Gatsby provides brands with OOctoberctober 228,8, 22020020 | 11:00:00 -2:30-2:30 PPMM social analytics 1 BIOTECH: Cue Health receives $481M Inaugural Virtual Event for COVID-19 test production 14 DISPLAYS: Mitchell brings extended reality tech to auto repair Lifetime LEAD Graduate Economic Regional Cross-Border Achievement of the Year Opportunity Collaboration Region Building 10 BIOTECH: Genalyte receives emergency approval for antibody test THE LIST 16 NONPROFIT AGENCIES: San Diego- MANUFACTURING Imperial Counties Developmental Services has the No. 1 spot on SDBJ’s 4 APPAREL: Sunglasses maker List of Nonprofit Agencies Knockaround expects revenue growth of 40% THE INDEX 8 BEVERAGES: Walmart to sell Two 39 People, associations, companies and organizations Congressmember Sofia Salgado Mike Krenn Rudolph A. Roxana Roots Brewing Co. products Susan Davis Robitaille (97) CEO Johnson III (94) Velásquez (11) CA Representative Executive Director CONNECT President & CEO Executive Director SPECIAL SECTIONS District 53 Southwestern Neighborhood House San Diego 11 BEVERAGES: You & Yours Distilling College Foundation Association Museum of Art CEO launches scholarship program 24 LEADERSHIP: 40 Next Top Business Leaders NONPROFITS Under Forty - Finalists 15 GIVING: Organizations step up 37 MARKETPLACE fundraising to counter COVID-19 37 LEGAL NOTICES San Diego Business Journal (ISSN 8750-6890) is published weekly by San Diego Business Journal, 4909 Murphy Canyon The 2020 Visionary Awards will virtually bring together civic, community, and business leaders Road, Suite 200, San Diego, CA 92123-5381.