San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Qualcomm Executives Get Hefty Stock Awards to Stay Put

Saying that other companies are “aggressively” using Qualcomm Inc.’s executive suite as a source for talent, Qualcomm (Nasdaq: QCOM)’s board has awarded new compensation packages for key executives.

Royal Bank Acquires City National Bank for $5.4 Billion

City National Bank, based in Los Angeles and with seven offices in San Diego, said it signed a definitive agreement to be acquired by Royal Bank of Canada in a stock and cash deal valued at $5.4 billion.

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Wisconsin Terrace Apartments in El Cajon Sold for $3.9 Million

Wisconsin Apartments LLC of San Diego has purchased the 22-unit Wisconsin Terrace Apartments in El Cajon for $3.9 million, according to brokerage company Berkadia Real Estate Advisors LLC, which represented the buyer.

Biopharmaceutical Company TRACON Announces IPO Terms

TRACON Pharmaceuticals Inc., which is developing antibodies to treat cancer, age-related macular degeneration and fibrotic diseases, announced terms for its IPO.

SCS Engineers Chosen to Provide Services on Imperial Beach Project

SCS Engineers have been contracted by Project Design Consultants to provide environmental consulting services on the City of Imperial Beach’s Palm Avenue Mixed Use and Commercial Corridor Master Plan Project, according to SCS.

The Business Calendar for the Week of January 26, 2015

Some of the business events planned in the county for the week of January 26, 2015, and beyond.

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University City to be Home of Newest Coffee Bean

Los Angeles-based The Coffee Bean & Tea Leaf plans a Jan. 27 opening at 3939 Governor Drive, in San Diego’s University City neighborhood, which will be the company’s 17th location in San Diego County.

December Unemployment Rate Dips to 5.2 Percent

San Diego’s unemployment rate fell to 5.2 percent in December from a revised 5.8 percent in November, buoyed by an increase in seasonal hiring in the retail sector.

Financial Planner Rojeck Begins Term as Chair of National Board

San Diegan Richard Rojeck has begun his role as Chair of the Board of Directors for Certified Financial Planner Board of Standards Inc., a nonprofit that certifies more than 71,000 professionals as Certified Financial Planners.

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Clothing Company prAna Planning Encinitas Retail Location

Carlsbad-based apparel company prAna announced its plans to open an Encinitas store in the spring of this year.

Qualcomm Execs Get Hefty Stock Awards to Stay Put

Saying that other companies are “aggressively” using Qualcomm Inc.’s executive suite as a source for talent, Qualcomm (Nasdaq: QCOM)’s board has proposed new compensation packages for key executives.

Vanguard Delivers Satellite Structures to Lockheed Martin

Vanguard Space Technologies Inc. said on Jan. 22 that it recently delivered two satellite bus structures to satellite-builder Lockheed Martin Corp. (NYSE: LMT).

Cypher Genomics, Sequenom to Partner on Developing Prenatal Tests

Two San Diego companies, Cypher Genomics Inc. and Sequenom Inc., announced an agreement to further develop next-generation noninvasive prenatal tests.

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Westcore Buys Industrial Facility at March Air Base for $17 Million

Westcore Properties of San Diego has purchased a ground and air industrial building on property of March Air Reserve Base near Riverside for $17 million.

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Encinitas Retail Location Planned for Clothing Company prAna

Carlsbad-based apparel company prAna announced its plans to open an Encinitas store in the spring of this year.

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San Diego Medical Office Building Sells for $3.45 Million

Activity MOB LLC, an affiliate of Oasis Medical Center of San Diego, has acquired a Miramar office property for $3.45 million, according to Voit Real Estate Services, which represented the seller.

Business Events Calendar for Week of January 26, 2015

Some of the business events planned in the county for the week of January 26, 2015, and beyond.

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El Cajon Apartment Property Sells for $3.9 Million

Wisconsin Apartments LLC of San Diego has purchased the 22-unit Wisconsin Terrace Apartments in El Cajon for $3.9 million, according to brokerage company Berkadia Real Estate Advisors LLC, which represented the buyer.

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Coffee Bean Opening New Café in University City

Los Angeles-based The Coffee Bean & Tea Leaf plans a Jan. 27 opening at 3939 Governor Drive, in San Diego’s University City neighborhood, which will be the company’s 17th location in San Diego County.

SCS Chosen for Environmental Consulting on I.B. Commercial Corridor Project

SCS Engineers have been contracted by Project Design Consultants to provide environmental consulting services on the City of Imperial Beach’s Palm Avenue Mixed Use and Commercial Corridor Master Plan Project, according to SCS.