SD BUSINESS JOURNAL DAILY ENEWS
Palomar Health will join the Mayo Clinic Care Network, the Escondido-based health system announced Wednesday.
Development firm The Shamrock Group LLC, based in Solana Beach, has obtained a $40 million construction loan for a new outlet shopping center it is building in San Ysidro.
Reaction Design, a San Diego developer of chemistry simulation software, said it entered into a definitive merger agreement with Ansys Inc., a Pittsburgh maker of engineering software.
The U.S. Navy recently awarded San Diego-based Helix Electric Inc. a $24.8 million contract to replace the electrical system for a dry dock at Virginia’s Norfolk Naval Shipyard.
San Diego County Regional Airport Authority, which operates San Diego International Airport, will hold a gathering aimed at helping small businesses win contract work on current airport construction projects.
San Diego County apartment rents during the fall declined 1 percent, while the vacancy rates continued to decrease, according to a recent report from the San Diego County Apartment Association.
Sense4Baby Inc. — a developer of a remote, wireless maternal-fetal heart rate monitoring system to perform nonstress testing for high-risk pregnancies on a smartphone or tablet — received 510(k) clearance from the U.S. Food and Drug Administration and a CE mark from the European Commission to commercialize its medical device.
Engineers at Northrop Grumman’s unmanned systems unit in Rancho Bernardo are asking themselves whether their unmanned aircraft called the Bat could be a little bigger.
Alliance Residential Co. of Phoenix has purchased the 549-unit Coronado Bay Club apartment community in Coronado for approximately $161.5 million, according to brokerage services provider Jones Lang LaSalle Inc., which represented the seller.
Welk Resort Group, the San Diego developer and operator of resort properties, said it closed a $158.7 million securitization backed by notes receivable from vacation ownership interests.
San Diego-based Cubic Corp. said recently that it won a contract to develop training materials for the U.S. Navy’s littoral combat ship.
San Diego-based cancer drug developer Ignyta Inc. has raised $54 million in two separate stock offerings, exceeding the company’s original target of $35 million.
San Diego-based pharmaceutical company Zogenix Inc. announced a long-term collaborative agreement with global research-and-development organization Battelle to co-market Zogenix’s DosePro needle-free drug delivery technology.
Viewpoint Equities of San Diego has purchased two Mission Valley office buildings for a total of $9.9 million, according to Colliers International, which brokered the transaction.
Kratos Defense & Security Solutions Inc.’s Public Safety & Security Solutions division recently received some $4.25 million in security system integration awards at New York’s World Trade Center facility.
Jack in the Box Inc. named a chief marketing officer and announced two other promotions.
Volcano Corp. has authorized a $200 million share repurchase program — which is in line with the advice from an activist investor who is reportedly grooming the company as an acquisition target.
The downtown San Diego office tower at 450 B. St., known locally as the Bank of America Tower, has been sold for $73 million, according to CoStar Group and public data.
San Diego-based Orexigen Therapeutics Inc. is planning a $100 million offering of convertible senior notes, the company announced.
ResMed Inc., a San Diego-based medical device maker, has bought Unimedis, a distributor of equipment for treating sleep-disordered breathing operating in the Czech Republic and Slovakia.