San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

S.D. Survey Finds IT Execs See Staff Expansion in First Half of 2017

Fifteen percent of San Diego-area technology executives surveyed recently expect to expand their IT teams in the first half of 2017, according to the latest report from Robert Half Technology, a technology recruitment firm that tracks IT hiring activity in the U.S.

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Retail Property in Little Italy Sells for $3.15 Million

India and Juniper LLC of San Diego has acquired a Little Italy retail property for $3.15 million, according to brokerage firm Colliers International Group Inc.

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BAE Dry Dock Completes Transpacific Journey

Tugboats hired by BAE Systems towed the company’s new, 950-foot floating dry dock to the company’s Barrio Logan shipyard on Dec. 8, following a transpacific journey from its builders in China.

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Point Loma Retail Center Sold for $2.45 Million

San Diego-based Williams@Rosecrans LLC has acquired a strip shopping center in Point Loma for $2.45 million, according to brokerage firm Franco Realty Group.

Sharp HealthCare Nurses Ratify Three-Year Contract

Nurses who recently threatened to strike at Sharp HealthCare hospitals have ratified a new three-year contract with the San Diego-based company.

Qualcomm's Snapdragon to Power Microsoft's Windows 10

Engineers with Qualcomm Inc. and Microsoft Corp. are at work on a new type of computer that will run the Windows 10 operating system on the San Diego company’s next generation Snapdragon processor.

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Murphy Development Nears Completion of Otay Mesa Industrial Park

San Diego-headquartered Murphy Development Co. is nearing completion on its Siempre Viva Business Park in Otay Mesa, with the recent groundbreaking on an $11.9 million industrial building at 8500 Kerns St.

LRAD Corp. Records Net Loss of $1.3M

LRAD Corp., which makes a unique sort of loudspeaker for militaries and governments, reported a net loss of $1.3 million, or 4 cents per share, on revenue of $16.4 million in its 2016 fiscal year, which ended on Sept. 30.

Irvine Game App Maker Buys S.D. Puzzle Firm

MobilityWare in Irvine bought Critical Hit Software in San Diego on undisclosed terms.

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Liberty Public Market Ranks 13th Among U.S. Food Halls

San Diego’s Liberty Public Market in Point Loma placed at No. 13 in a recent national ranking of the top 20 food halls, as part of an urban retail report by brokerage firm Cushman & Wakefield.

Google Ventures Founder Reportedly Raising $230M For S.D.-Based VC Fund

Bill Maris, the founder and former head of GV, formerly Google Ventures, reportedly is raising a $230 million venture capital fund that will be headquartered in San Diego, the popular technology news website Recode said this week.

Anthem Blue Cross, DaVita VillageHealth Collaborate

Anthem Blue Cross and DaVita VillageHealth are launching a Medicare Advantage treatment program in San Diego County designed specifically for kidney failure patients.

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Crowne Plaza Hanalei Hotel in Mission Valley Gets New Owner

A private client of Irvine-based Brighton Management has purchased the 419-room Crowne Plaza Hanalei hotel in Mission Valley for an undisclosed price, according to brokerage firm CBRE Group Inc.

ScaleMatrix Opens Accelerater/Coworking Space for Startups

Computer storage specialist ScaleMatrix, a local startup that’s grown rapidly in the last few years, is opening a startup accelerator and coworking space for life science and technology companies.

Navy Awards Northrop Grumman $9.6 Million Contract

The U.S. Navy said Dec. 5 that it placed a $9.6 million software order with Northrop Grumman Corp.

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Illumina Expands Team With Appointment of Sam Samad as SVP/CFO

Local science technology giant Illumina Inc. has announced the expansion of its senior leadership team with the appointment of Sam A. Samad.

Qualcomm Demonstrates First Processor for Data Centers

Qualcomm Inc. said it demonstrated its first processor for data centers in a move interpreted as a challenge to rival processor-maker Intel Corp. (Nasdaq: INTC). Qualcomm (Nasdaq: QCOM) added that it was distributing samples of its Centriq 2400 server processor to potential industry partners.

SeaWorld San Diego Cutting 60 Jobs Amid Nationwide Layoffs

SeaWorld San Diego is laying off 60 workers, as part of 320 nationwide job cuts announced Dec. 6 by its Florida-based parent firm, SeaWorld Entertainment Inc.

Local Job Growth Expected to Slow Next Year

Despite a hiring surge in health care and gains in hospitality, job growth in San Diego County will slow next year as the area’s high cost of living limits the inflow of job-seekers, according to a new report by Los Angeles-based Beacon Economics LLC.

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CBRE to Relocate Main San Diego Office to Westfield UTC

Commercial real estate services firm CBRE Group Inc. plans to move its central San Diego office in University Towne Center to the Westfield UTC mall, which is currently undergoing a $585 million renovation and expansion by owner Westfield Corp.