San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

SBA Encourages Consumers to Think Small on Nov. 29...Small Businesses, That Is

On the heels of Thanksgiving comes Black Friday, and then comes Small Business Saturday, say the folks at the San Diego District Office of the U.S. Small Business Administration.

Santee Company Eligible to Compete for $240M in Army Contracts

A&D GC Inc. of Santee is one of five small businesses that will be able to compete for $240 million worth of task orders from the U.S. Army Corps of Engineers over the next five years, the Army recently announced.

Local Companies Well Represented at Piper Jaffray Healthcare Conference

Several San Diego life science companies have announced participation in the 26th annual Piper Jaffray Healthcare Conference hosted by investment bank and asset management firm, Piper Jaffray Co.

Business Calendar for Week of December 1, 2014

Some of the business events planned for the county for the week of December 1, 2014, and beyond.

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McCarthy Moves San Diego Office to Kearny Mesa

General contractor McCarthy Building Companies Inc. has relocated its San Diego operations to larger facilities in the Kearny Mesa neighborhood.

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Construction Company Buys El Cajon Industrial Buildings for $5 Million

Cameron Brothers Construction Co. LP has purchased four adjacent industrial buildings in El Cajon for $5 million, according to brokerage company Pacific Coast Commercial, which represented the seller.

One Roof Energy Group Reports Q3 Net Loss of $8.9 Million

One Roof Energy Group Inc., a San Diego-based provider of solar energy services in five states, reported a third quarter net loss of $8.9 million, down from a $11.2 million net loss in the like quarter of 2013.

Aethlon Medical Makes First U.S. Shipment of Ebola Therapy

Aethlon Medical Inc., a San Diego-based medical device company making devices to treat infectious disease and cancer, announced the first shipment of its blood filtration device as a candidate to treat future Ebola virus infections in the United States.

Cubic Corp. Reports Q4 Net Income of $32.8 Million

Cubic Corp. reported net income of $32.8 million on record quarterly sales of $396.4 million during its fourth quarter, which ended Sept. 30. For the year, Cubic (NYSE: CUB) reported net income of $69.5 million on annual sales of $1.398 billion.

SDG&E to Host Seminar on Reducing Energy Costs

San Diego Gas & Electric will host a free, bilingual seminar on how small and medium-sized businesses can reduce their company’s energy costs on Dec. 4.

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Airport Green Build Named Best Project by Engineering News-Record

The $907 million Green Build Terminal 2 expansion at San Diego International Airport was recently named Best Project, in annual awards bestowed by the industry news publication Engineering News-Record, published by McGraw-Hill Construction.

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Partnership Plans $12.5 Million Renovation of Westminster Manor

Chelsea Investment Corp. has entered into a $28.6 million joint venture with the current property owner to acquire and renovate the 152-unit Westminster Manor senior housing building in downtown San Diego, according to brokerage company Colliers International.

Report: Asian Americans Had Most Purchase Mortgages

The Asian Real Estate Association of America, a national trade group based in San Diego serving Asian Americans in the real estate industry, said a recent report shows that segment applied for and obtained the largest share of purchase mortgages than any other minority group in recent years, measured both in number and dollars.

RF Industries's Board Declares Quarterly Dividend

RF Industries Ltd., a San Diego-based maker and distributor of connectors and cable assemblies for the wireless industry, said its board of directors declared a regularly quarterly dividend of 7 cents per share.

State's Life Sciences Tops in Economic Growth

California continues to rank at the top of life science-related economic growth, with the industry now producing $101 billion in total revenue, according to a report released last week by the California Healthcare Institute and the consulting firm PricewaterhouseCoopers.

Cubic Corp. Gets $51 Million in Orders from U.S. Army

Cubic Corp. said on Nov. 24 that it received more than $51 million in orders from the U.S. Army for laser-based equipment to be used during war games.

San Diego Port Unaffected by Work Slowdown So Far

The reported work slowdown at the Los Angeles and Long Beach container ports is having no effect on operations at the Port of San Diego, according to a port spokeswoman.

HFF Secures $140M Financing for Omni San Diego

HFF announced that it has secured a $140 million financing for the Omni San Diego hotel, a 511-room, 21-story luxury convention center hotel. Proceeds from the financing will be used to refinance the existing debt on the hotel, HFF said.

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Civic San Diego Seeking Advisor for Housing Development Fund

Civic San Diego, the city’s downtown project oversight agency, has issued a request for proposals for professional advisory services, related to plans by the organization to form a transit-oriented development investment fund.

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Carlsbad Office Building Sells for $4.85 Million

An affiliate of Hyspan Precision Products Inc. of Chula Vista has purchased a Carlsbad office building for $4.85 million, according to CoStar Group and public data.