San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Peggy Johnson Is Leaving Qualcomm

Executive Peggy Johnson is leaving Qualcomm Inc. after nearly two and a half decades at the San Diego tech company, a Qualcomm spokesman confirmed.

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Cubic Receives $700M Deal With London Mass Transit System

Cubic Corp. said on July 29 that it received a contract worth more than $700 million to provide fare collection services to London’s mass transit system.

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'Mister A’s Building’ at Bankers Hill Gets New Owners

San Diego-based investment firm BBL Commercial Real Estate and Westbrook Partners of New York City have purchased the Fifth Avenue Financial Center in Bankers Hill, better known locally as “The Mister A’s Building,” BBL officials announced.

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Correlation Ventures Adds 8 New Portfolio Companies in Q2

Correlation Ventures, a San Diego venture capital firm that invests only with other venture firms and has deployed $166 million, said it added eight new portfolio companies during the second quarter of this year, bringing the total number of companies it’s funded to 88.

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State Funding Clears Way for Horton Plaza Park Construction

The California Department of Finance has approved $4.9 million in funding, needed to move forward with development of the $17.7 million Horton Plaza Park project in downtown San Diego.

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San Diego Tech Coast Angels Invests $7.3M in First Half

The San Diego chapter of Tech Coast Angels said its investments in the first half of this year, $7.3 million, matched the total invested in all of 2013.

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CareFusion Subsidiary Receives Warning From FDA

The Food and Drug Administration has warned CareFusion 2200 Inc., a subsidiary of San Diego-based CareFusion Corp., that it failed to satisfactorily investigate and respond to 32 complaints of particulate matter and debris found in certain medical devices

Sequenom Reports Q2 Results, Inks License Agreement With Mayo Medical

Sequenom Inc., a life sciences company that provides genetic analysis solutions, and Mayo Medical Laboratories, one of the top providers of esoteric laboratory services in the U.S., have announced a license agreement for Sequenom’s noninvasive prenatal testing patents and applications.

NuVasive Reports Q2 Revenue of $190.7 Million

NuVasive reported second quarter 2014 revenue of $190.7 million as compared with $165.7 million from the previous year.

Medical Marijuana Inc. Makes $6.8M Deal for Dixie Botanicals

Medical Marijuana Inc., a San Diego publicly traded company (OTC: MJNA) said it officially assumes control of Dixie Botanicals, a Denver based business that makes cannabidiols (CBD), the main component in a variety of hemp oil products, in a transaction that will likely increase its staff.

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La Jolla Pharmaceutical Co. Closes Common Stock Offering

La Jolla Pharmaceutical Co., a therapeutics company focused on unmet life-threatening diseases, announced the closing of its underwritten $56.6 million public offering.

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Local Developers Begin $5.6 Million Townhome Project in Chula Vista

Private equity firm Pathfinder Partners LLC and developer Lanshire Housing Partners LLC, both of San Diego, have broken ground on Bahia Vista Townhomes, a $5.6 million multifamily project in Chula Vista’s Marina District.

In Required Second Vote, Council Again Approves Minimum Wage Hike

In a required second vote, San Diego City Council members approved a series of minimum wage hikes.

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Local Contracts for Planned Future Construction Increase 50% in First Half

San Diego County contracts for future construction rose 50 percent from a year ago in the first six months of 2014, with residential and nonresidential projects topping $2.63 billion, according to the latest data from McGraw Hill Construction.

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ViaSat Acquires Some of Gray Labs' Assets

ViaSat Inc. said on July 28 that it acquired certain assets of Georgia-based Gray Labs Inc. for undisclosed terms.

PaxVax Secures $62 Million in Funding

PaxVax, Inc., a Redwood City-based vaccine company with manufacturing facilities in San Diego, announced that it has secured up to $62 million in additional funding as part of the acquisition of an oral typhoid vaccine, Vivotif, from Crucell Switzerland AG.

Jarrett Picked to Lead Civic San Diego

Reese Anthony Jarrett was named the head of Civic San Diego, the city’s nonprofit for public-private development projects and programs, by Mayor Kevin Faulconer.

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Sapphire Names Levine President, CEO

San Diego-based Sapphire Energy Inc., a producer of algae cultivation technologies, appointed James Levine as president, CEO and board member, the company announced.

Virkud Named President, CEO of 3E Co.

Carlsbad-based 3E Co., a provider of environmental health and safety compliance and information management services, appointed Uday Virkud as president and CEO, the company announced.

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Lincoln Property Buys SKLZ Headquarters Building for $21 Million

Denali California Faraday Industrial LLC, an entity of Dallas-based Lincoln Property Co., has purchased the Carlsbad building housing the corporate headquarters of SKLZ for $21 million.