San Diego Business Journal


Navy Awards $40.7 Million Contract to BAE Systems San Diego Ship Repair

The U.S. Navy awarded BAE Systems San Diego Ship Repair a $40.7 million contract for dry dock work on the guided missile destroyer USS Paul Hamilton. The work, which the Navy calls an extended dry-docking selected restricted availability, will include maintenance, modernization and repair.

Tease photo

Phoenix House California Names New Executive Director

Phoenix House California named Shawna Morris its executive director over the nonprofit's California locations, including Phoenix House San Diego.

Callaway Golf Co. Invests in Texas Business

Carlsbad golf equipment maker Callaway Golf Co. said on May 26 that it has invested in Junior.Golf, a technology business based in Austin, Texas.

S&P Raises San Diego County Water Authority’s Credit Rating to AAA

S&P Global Ratings has upgraded the San Diego County Water Authority’s senior lien credit rating to AAA, the San Diego County Water Authority said.

Tease photo

Irvine Co. Opens New UTC Office Building, with Another Underway

Irvine Company’s office property division has opened its new three-story Eastgate Summit at University Towne Center, and has construction underway on a nearby building called Eastgate Terrace. The projects represent a total investment of more than $50 million by the Newport Beach-based company.

Tease photo

Rhonda Beathard to Lead Mason-McDuffie Mortgage Corp.'s New La Jolla Office

Mason-McDuffie Mortgage Corp., a privately held mortgage banking firm headquartered in San Ramon, is opening an office in La Jolla.

Tease photo

Apartments Planned Following $6.1M Purchase of San Diego Hotel

Fowler Property Acquisitions LLC of Newport Beach has acquired Hotel Metro, in downtown San Diego’s East Village, for $6.1 million. Plans call for redeveloping the property into market-rate studio apartments, according to brokerage firm CBRE Group Inc.

Justice Department Sues Prime Healthcare

The U.S. Department of Justice on Wednesday announced that it has filed a Medicare-fraud lawsuit against Prime Healthcare Services Inc. of Ontario, which owns Alvarado Hospital in San Diego, where a whistleblower complaint initiated an investigation.

Seismic Raises $40 Million in Series C Round

Solana Beach-based Seismic said on May 25 that it raised $40 million in a series C round led by General Atlantic.

Jackie Robinson YMCA Breaks Ground on New Facility

The Jackie Robinson Family YMCA celebrated the groundbreaking of its new $31.5 million, 50,000-square-foot community center in southeastern San Diego on May 20.

Tease photo

Pacific Beach Apartment Property Sells for $2.39 Million

Santa Margarita Properties I LLC, operating in San Diego and Laguna Hills, has purchased a six-unit apartment complex in Pacific Beach for approximately $2.39 million, according to brokerage firm Apartment Consultants Inc. (ACI).

Want to Buy a Home in S.D.? Need to Earn $104,486, Study Finds

A salary of $104,486 is needed to buy a home in San Diego where the median price sits at $554,300, according to a study by, a mortgage information site, which looked at data from the first quarter of 2016.

Qualcomm and Medtronic Team Up on Disposable Diabetes Tech

Qualcomm Life, the San Diego healthtech subsidiary of Qualcomm Inc., is teaming up with Medtronic Plc to develop disposable glucose monitoring systems for type 2 diabetes patients.

Tease photo

Miramar Office Buildings Sold for $6.63 Million

A La Jolla buyer recorded as Tierra Grande 3B LLC has purchased three Miramar office buildings for a total of approximately $6.63 million, according to CoStar Group and public data.

Tease photo

Retired Navy Vice Admiral to Lead Cubic Corp.'s Global Defense Unit

Cubic Corp. said May 25 that it promoted David Buss to president of its Cubic Global Defense business unit. He replaces Bill Toti, who is leaving the company to pursue other career opportunities.

Tease photo

Construction Starts on $45M Mixed-use Project in East Village

The Richman Group of California Development Co. has started construction on F11, a $45 million mixed-use apartment project in downtown San Diego’s East Village.

UC San Diego Key Partner in New Binational Institute

Advanced materials able to withstand extreme environments are the focus of a new binational institute inaugurated May 24.

ViaSat Inc. Reports Q4 Net Income of $4.5 Million

ViaSat Inc., the Carlsbad company that sells satellite electronics and services to government and commercial markets, reported net income of $4.5 million (9 cents per share) on revenue of $372.0 million in the fourth quarter ended March 31. The business reported its earnings on May 24.

La Jolla-Based Innovus Acquires Texas Firm

La Jolla’s Innovus Pharmaceuticals Inc., a commercial-stage drug company that makes over-the-counter medicine, has acquired Austin, Texas-based Beyond Human for $630,000 in cash.

Tease photo

Claire Long Named CFO at BlueHornet

BlueHornet, a San Diego-based email marketing software and services provider, announced Claire Long as its new chief financial officer.