San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Halozyme Therapeutics, Janssen Biotech Sign Agreement

Halozyme Therapeutics Inc., a San Diego-based biopharmaceutical company, will receive $15 million as an initial payment from Pennsylvania-based Janssen Biotech Inc. as part of a collaboration and license agreement to develop and commercialize products combining Halozyme’s technology with Janssen’s compounds.

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Hines Buys Carlsbad Building Housing Acushnet for $23.3 Million

An affiliate of Houston-based Hines has purchased the Carlsbad industrial building housing golf products maker Acushnet Co. for approximately $23.3 million, according to brokerage company Cassidy Turley, which represented the seller.

San Diego Chargers to Stay Put for 2015 Season

The San Diego Chargers said the team will remain at Qualcomm Stadium for the 2015 season, putting to rest rumors that last week’s loss to the Denver Broncos was the last time fans could see them play here.

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Imperial Beach Site of Planned Hotel Acquired for $5.5 Million

Imperial Beach Resort LLC has purchased an Imperial Beach parcel for $5.5 million, with plans to develop a 79-room boutique hotel, according to brokerage company Lee & Associates, which handled the transaction.

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San Diego Apartment Property Sells for $2.74 Million

A 24-unit apartment property in San Diego’s Lincoln Park subdivision has been sold for approximately $2.74 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

Teradata Corp. Completes Acquisition of RainStor

Teradata Corp., an Ohio-based public company with about 1,000 employees in Rancho Bernardo, said it completed the acquisition of RainStor, a business specializing in online big data archiving.

Royal Philips NV Buys Volcano Corp. for $1 Billion

Royal Philips NV agreed to buy San Diego-based Volcano Corp. for $1 billion to expand in catheter-based imaging of the heart and blood vessels as part of a wider refocus on more profitable markets, such as medical gear.

Three Investors Contribute $2 Million to EdgeWave Inc.

San Diego-based EdgeWave Inc., which makes cyber security software, said on Dec. 17 that three investors contributed $2 million more to the company’s series A funding round. EdgeWave is pulling together funds to expand the company.

Cubic Corp. Acquires DTECH LABS for $114.5 Million

Cubic Corp. said on Dec. 16 that it acquired DTECH LABS Inc., a Virginia company specializing in radio technology for military, government and commercial customers, for as much as $114.5 million.

Northrop Grumman Sells 4 Aircraft to South Korea for $657 Million

Northrop Grumman Corp. sold four Global Hawk unmanned reconnaissance aircraft to South Korea for $657 million.

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Red O Restaurant to Replace Donovan’s at UTC Office Campus

Red O, an upscale restaurant with Mexican-style cuisine led by celebrity chef Rick Bayless, plans a 2016 opening at Irvine Co.’s The Plaza office campus in University Towne Center.

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Four City Heights Apartment Buildings Sold for $4.23 Million

Four apartment buildings totaling 30 units in San Diego’s City Heights neighborhood have been sold for $4.23 million, according to brokerage company ACRE Investment Real Estate Services, which represented the seller.

Applied CleanTech Says UK Pilot Project Promising

Applied CleanTech, a company developing a sewage recycling technology in San Diego, announced promising results of a pilot project conducted with Scottish Water.

Business Confidence Rose in November, Index Finds

A Business Outlook Index for San Diego, a measure of local business confidence prepared for the San Diego Regional Chamber of Commerce, increased 2 points in November over the prior month to 26.8, led by a hefty rise from businesses in the cyber security industry.

Rock My World Adds New Feature to Music App

Downtown-based Rock My World has trotted out a new feature on its RockMyRun music app for iPhones — one that plays tunes in synch with a listener’s heartbeat.

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Steve Martin Appointed CFO of Applied Proteomics Inc.

Applied Proteomics Inc., a San Diego-based developer of protein-based molecular diagnostics, announced the appointment of Steve R. Martin as chief financial officer.

Santa Ysabel Tribe Ordered to Shut Down Online Bingo Operation

A federal judge ordered the Iipay Nation of Santa Ysabel to shut down its Internet bingo operation.

Biocept Inc. Granted Patent by South Korea

San Diego-based Biocept Inc., a molecular oncology diagnostics company, announced that it has been granted a patent in South Korea for its microfluidic channel technology used to capture circulating tumor cells.

Army Awards General Atomics $114.6 Million Contract Modification

The U.S. Army said on Dec. 15 that it awarded a contract modification worth $114.6 million to General Atomics Aeronautical Systems Inc.

Median Home Price in November Was $430,000

The median price for houses sold last month in San Diego County was $430,000, down 2.2 percent from October, but up 3.6 percent from November 2013, according to the most recent CoreLogic Dataquick real estate report.