San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Registration Opens for Forum Focusing on Workplace Diversity

The San Diego Business Journal is highlighting its SDBJ Forum 2016 series with a special event focusing on the business side of diversity and inclusion on Thursday, Oct. 6. Registration for this timely topic is available now.

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Grocer Lazy Acres to Open in Former Haggen Space in Mission Hills

Lazy Acres Market, a natural and organic food store operated by the parent of Bristol Farms, has leased an 18,700-square-foot Mission Hills space formerly occupied by grocer Haggen Inc., according to brokerage firm Retail Insite.

Cubic Corp. Awarded 5-Year, $73 Million Navy Contract

Cubic Global Defense, a business unit of Cubic Corp., announced that it has been awarded a five-year, $73 million firm-fixed-price task order to support aviation training for the U.S. Marine Corps. The follow-on contract is the third consecutive award Cubic has received since 2005.

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Marriott Hotel at UTC Gets New Owner

New York-based Carey Watermark Investors 2 Inc. (CWI 2) has purchased the 372-room San Diego Marriott La Jolla hotel in University Towne Center for an undisclosed price, the company announced.

Outerwall Inc. to be Acquired by Apollo Global Management for $1.6 Billion

Outerwall Inc., which acquired San Diego startup ecoATM in 2013, announced Monday it has agreed to be bought by alternative investment fund Apollo Global Management LLC for $1.6 billion.

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Prominent San Diego Philanthropist Conrad Prebys Dies

Prominent San Diego philanthropist Conrad Prebys has died of cancer at age 82, his family announced Monday morning (July 25).

Apricus Biosciences Terminates One Agreement, Signs Another

San Diego biopharma Apricus Biosciences is expanding its exclusive distribution deal with Swiss firm Ferring Pharmaceuticals Inc. and terminating its deal with German drugmaker Sandoz.

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Irvine Investment Firm Buys Sorrento Mesa Industrial Buildings for $49M

An affiliate of Irvine-based healthcare property investment company HCP Inc. has purchased a portfolio of two Sorrento Mesa industrial properties and an adjacent land parcel for $49 million, according to CoStar Group and public data.

The Business Calendar for the Week of July 25, 2016

Some of the business events scheduled in the county for the week of July 25, 2016, and beyond.

San Diego-Based Blue Seas Fabrication Opens Operation

Blue Seas Fabrication has opened for business.

Business Calendar for Week of July 25, 2016

Some of the business events scheduled in the county for the week of July 25, 2016, and beyond.

Allergan Terminates Agreement With Adamis Pharmaceuticals

Pharmaceutical giant Allergan Plc is backing out of its deal with San Diego-based Adamis Pharmceuticals Corp. to commercialize the firm’s epinephrine pre-filled syringe for the treatment of life-threatening allergic reactions (anaphylaxis).

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Crunch Fitness Opening Four New Gyms in San Diego Market

A local franchisee of New York-based Crunch Fitness, which operates gym facilities, has at least four new locations set to open in San Diego County, according to brokerage firm The Heritage Group, which handled recent local leasings.

AristaMD Raises $11 Million in Series A Financing

Local digital health company AristaMD raised $11 million in a Series A financing, the company announced Friday.

California Tops Nation in Number of Construction Jobs Added

California added 32,300 construction jobs between June 2015 and June 2016, the most of any state, according to an analysis of Labor Department data released by the Associated General Contractors of America.

Sempra U.S. Gas & Power Acquires Wind Energy Project in Michigan

Sempra U.S. Gas & Power said on July 22 that it acquired the Apple Blossom wind energy project in Michigan for undisclosed terms. The seller was Geronimo Energy LLC.for undisclosed terms. The seller was Geronimo Energy LLC.

County’s Unemployment Rate Inched Up to 5.1 Percent in June

The unemployment rate in San Diego County was 5.1 percent in June 2016, up from a revised 4.2 percent in May 2016, and below the year-ago estimate of 5.2 percent, according to a news release from the state Employment Development Department.

ProSol Associates Receives 5-Year Contract to Teach at Marine Corps Installations

ProSol Associates LLC, a small business based in Alexandria, Va., received a five-year contract to teach communications electronics at Marine Corps Base Camp Pendleton and other Marine Corps installations. Local work is valued in the millions of dollars.

App-Enabled Jet Booking Service Expands to San Diego

Florida-based JetSmarter recently announced an expansion into the San Diego market for its app-enabled service that lets travelers book single seats on private jets.

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Alaska Airlines Offering New Direct Local Flights to Newark

Alaska Airlines will offer new daily nonstop service between San Diego and Newark, New Jersey, beginning Nov. 21, the carrier and San Diego International Airport officials announced.