San Diego Business Journal


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Realty Income Closes on New $2.25 Billion Credit Facility

San Diego-based Realty Income Corp. has closed on a new $2.25 billion unsecured credit facility, to replace a previous $1.5 billion unsecured credit facility.

Business Calendar for Week of July 6, 2015

Some of the business events scheduled in the county for the week of July 6, 2015, and beyond.

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Cubic Corp. Names James Blake VP of Global Defense Business

Cubic Corp. has named James T. Blake to an upper management post in its Cubic Global Defense business.

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Comic-Con Staying in San Diego Through 2018

Comic-Con International, the pop-culture mega-event that annually brings 130,000 people to the San Diego Convention Center, will be staying in San Diego through 2018, organizers and city officials announced.

Nominations Open for the 2015 Healthcare Champions Awards

The San Diego Business Journal is now accepting nominations for the 2015 Healthcare Champions Awards, which honors individuals within the San Diego community who have demonstrated exceptional leadership and innovation in the rapidly changing healthcare industry.

Navy Awards $75M Contract to Huntington Ingalls to Repair Aircraft Carriers

The Pentagon inked a two-year contract with Huntington Ingalls Inc. to provide ship repair support for two U.S. Navy aircraft carriers, the USS Nimitz and the USS Carl Vinson. One-fourth of the work is expected to go to San Diego, with the balance to Bremerton, Wash.

California Economic Activity Index Shows Slight Increase for April

Comerica Bank’s California Economic Activity Index improved in April, increasing 0.7 of a percentage point to a level of 119.7, the bank said.

Acculitx Receives $1 Million in Series A Funding

Acculitx, formerly known as Fleet Matrix, said on June 30 that it received $1 million in series A funding.

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Architects Named for $250 Million Downtown Project

Zephyr Partners recently named the lead building design and landscape architects for The Block, a $250 million downtown mixed-use project announced last year by the San Diego-based developer.

15 Companies Each Awarded $10,000 MetroConnect Prize

Fifteen San Diego companies received $10,000 each on Wednesday from the San Diego Regional Economic Development Corp., part of a JPMorgan Chase & Co.-backed initiative to boost the area’s international exports.

MTS Receives $31.9 Million for New Courthouse Trolley Station, Light-Rail Vehicles

The San Diego Metropolitan Transit System (MTS) has been awarded $31.9 million from the Transit and Intercity Rail Capital Program (TIRCP).

HomeFed Closes $125 Million Private Placement

Carlsbad-based HomeFed Corp., real estate investment and development firm, announced that it has successfully closed a private placement of $125 million of 6.50 percent senior notes due 2018.

GO-Biz Launches Business Portal

The Governor’s Office of Business and Economic Development (GO-Biz) announced the launch of the California Business Portal, a one-stop-shop website ( for business owners looking for information and assistance.

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Office Tower at Aventine Sells for $150 Million

An affiliate of Boston-based Rockpoint Group LLC has purchased the Aventine office building in La Jolla for approximately $150 million, according to CoStar Group and public data.

Local Delegation Heading to Philippines to Promote Trade

The Philippine Honorary Consul of San Diego, Audie J. de Castro, will head a San Diego delegation of government officials and business executives on an economic mission to the Philippines from July 6-10.

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Vintage Sign Removed for Renovation of Hotel Churchill

Workers recently removed a 1940s-era neon sign from atop the historic Hotel Churchill in downtown San Diego, which is being converted into affordable apartments in a $20.5 million renovation by the San Diego Housing Commission.

Home Prices Rose 4.5 Percent Year Over Year in April

San Diego’s home prices rose 4.5 percent in the year since April 2014, according to a national index measuring housing prices, slowing down from the 4.8 percent growth reported for March and continuing to lag behind an average of the nation’s 20 largest cities.

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KB Home Buys El Cajon Land for $6.43 Million

Housing developer KB Home of Los Angeles has acquired a 5.47-acre land parcel in El Cajon for $6.43 million, according to commercial brokerage company Colliers International.

HUYA Bioscience Appoints VP for Japan Operations

HUYA Bioscience International announced Wednesday an expansion of its senior management team with the appointment of Yoshiki Shimamura as vice president for Japan operations.

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Three Local Construction Management Firms Make ENR’s Top 100

Three San Diego-based companies made the latest annual list of the nation’s 100 largest construction management firms based on 2014 revenue, published recently by the industry magazine Engineering News-Record (ENR).