San Diego Business Journal


Home Prices Increased 6.6 Percent in Year Ending in September

San Diego’s home prices increased 6.6 percent in the year ending in September, according to an index measuring housing prices, continuing to exceed the average national bump.

Alastin Skincare Inc. Names New President/CEO

Alastin Skincare Inc., a specialty skin care company in Carlsbad, announced the appointment of Diane Goostree as its new president and CEO.

UCSD Awarded NASA Space Technology Research Grant

NASA has selected 15 university-led proposals, including one from the University of California, San Diego, for the study of early-stage space technology innovations, awarding as much as $500,000 each.

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New Hilton Garden Inn Hotel Opening at Old Town

Operators before year’s end plan to open the new Hilton Garden Inn San Diego Old Town, billed by the developer as the first completely new hotel to be built in Old Town in more than 12 years.

SOCi Appoints New CFO

SOCi, a developer of software solutions for social media and marketing management, announced that it has appointed Michael Massey to be its new chief financial officer.

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New Restaurant with Horse Race Betting Opens in Downtown San Diego

Sportech Venues California, a subsidiary of U.K.-based Sportech PLC, has opened Striders, a new downtown San Diego restaurant and high-end lounge where guests can legally wager on horse racing.

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Petco Being Acquired for $4.6 Billion

Private equity firm CVC Capital Partners and Canada Pension Plan Investment Board have signed an agreement to acquire the holding company for San Diego-based Petco Animal Supplies Inc. for $4.6 billion.

Kratos Chosen as Subcontractor on $44 Million Deal

Kratos Defense & Security Solutions Inc. said Nov. 23 that its Defense & Rocket Support Services Division was chosen as a subcontractor on a multimillion-dollar project.

Key Qualcomm Executive Hired Away by Intel Corp.

Intel Corp. has hired former Qualcomm Inc. executive Murthy Renduchintala.

Biocept's Liquid Biopsy OK'd For Use by 2 PPO Networks

Molecular diagnostic firm Biocept announced Monday that it has signed two new agreements with preferred provider organization networks — Fortified Provider Network and Three Rivers Provider Network.

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Perry Nisen Named to California Life Sciences Association Board

The California Life Sciences Association announced Monday that Perry Nisen, CEO of Sanford Burnham Prebys Medical Discovery Institute, will join its board of directors.

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Court Approves Sale of Eight More Local Haggen Stores

The U.S. Bankruptcy Court has approved the sale of 47 more Haggen Inc. grocery stores in five states, including eight in San Diego County. Financial terms of separate purchase agreements involving several retailers were not immediately available.

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Port District Approves Lease for InterContinental Hotel at Lane Field Site

Port district commissioners have approved a lease for a planned 400-room luxury InterContinental Hotel, to be developed on the southern portion of the former Lane Field ballpark site in downtown San Diego.

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Airport Selects Design Concept for $2.2 Billion Terminal 1 Project

San Diego International Airport officials have chosen a design concept from among five alternatives for a planned $2.2 billion redevelopment and reconfiguration of the aging Terminal 1.

Holiday Bowl Still Looking for Sponsor

The Holiday Bowl is still on the hunt for a named sponsor with less than six weeks to go before the Dec. 30 kickoff.

County's October Unemployment Rate Increases to 5%

San Diego’s unemployment rate climbed back up to 5 percent in October, up from 4.6 percent in September, as the county’s job growth failed to keep pace with an expanding labor force.

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Convention Center Board Names Davis as Interim GM

Industry veteran Joe Davis has been appointed to serve an interim general manager of the San Diego Convention Center Corp., the nonprofit public benefit corporation that operates the waterfront facility on behalf of the city.

The Business Calendar for the Week of November 23, 2015

Some of the final business events planned in the county for 2015.

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Magazine Names San Diego/Tijuana Among Top 20 Travel Locales

National Geographic Traveler magazine has named the San Diego/Tijuana binational region among the world’s top 20 travel destinations for 2016, the San Diego Tourism Authority announced.

Otonomy Enrolling Patients for Phase 3 Clinical Trial of Ménière’s Disease Treatment

San Diego-based Otonomy Inc., a company that makes treatments for the middle and inner ear, is enrolling the first patients in a Phase 3 clinical trial of OTO-104 for Ménière’s disease, an inner ear disorder characterized by severe dizziness, vertigo, and gradual hearing loss.