San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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MG Properties Buys 2 Apartment Properties for $50 Million

San Diego-based MG Properties Group has acquired two apartment properties in Napa and Tempe, Ariz., for a total of approximately $50 million, the private investment firm announced.

Roambi Announces Quinton Alsbury Will Be New CEO

Roambi, a San Diego business that provides an app for making better use of data, said Quinton Alsbury is its new CEO, succeeding his partner and the company’s co-founder, Santiago Becerra.

2017 America's Cup Reportedly Going to Bermuda

San Diego finished second to Bermuda in a high-stakes race to host the 2017 America’s Cup, according to an Associated Press report.

The Business Calendar for the Week of November 24, 2014

Some of the business events planned for county during the week of November 24, 2014.

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La Mesa Rental Condos Sold for $28.3 Million

Partnerships controlled by San Diego-based R&V Management Corp. have purchased the 124-unit Central Park condominium rental property in La Mesa for $28.3 million, according to CBRE Group Inc., which represented the seller.

CommNexus to Host Lecture on Internet of Everything

Cisco Systems Inc. executive Mala Anand and Qualcomm Inc.’s Raj Talluri will explore the Internet of Everything on Dec. 10 as part of the CommNexus Headliners lecture series.

$25 Million Financing Transaction Completed for Reva Medical Inc.

San Diego-based Reva Medical Inc., a medical device company developing stents that can be absorbed by the body, announced that the $25 million financing transaction approved by shareholders on Oct. 31 has been successfully completed.

County Posts 5.8 Percent Unemployment Rate in October

San Diego County’s unemployment rate dipped to 5.8 percent in October, down 0.1 percent from September, as the region added a net of 12,500 jobs during the month, according to the state’s Employment Development Department.

National University to Offer Scholarships to City of San Diego workers

National University, the second-largest private, nonprofit university in California, has been named the City of San Diego’s Preferred Employee Education Program Partner and is providing scholarship opportunities to the city’s 10,000 employees.

Qualcomm Sells Taiwan Factory for $85 Million

Qualcomm Inc. sold its Mirasol display factory in Taiwan, and the equipment in it, to Taiwan Semiconductor Manufacturing Co. Ltd. for $85 million, according to a securities filing.

National University to Offer Scholarships to City Employees

National University, the second-largest private, nonprofit university in California, has been named the City of San Diego’s Preferred Employee Education Program Partner and is providing scholarship opportunities to the city’s 10,000 employees.

Cisco, Qualcomm Execs to Discuss Internet of Everything

Cisco Systems Inc. executive Mala Anand and Qualcomm Inc.’s Raj Talluri will explore the Internet of Everything on Dec. 10 as part of the CommNexus Headliners lecture series.

Quinton Alsbury Named CEO at Roambi

Roambi, a San Diego business that provides an app for making better use of data, said Quinton Alsbury is its new CEO, succeeding his partner and the company’s co-founder, Santiago Becerra.

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Local Firm Buys Napa, Tempe Apartments for $50 Million

San Diego-based MG Properties Group has acquired two apartment properties in Napa and Tempe, Ariz., for a total of approximately $50 million, the private investment firm announced.

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Rental Condos in La Mesa Sold for $28.3 Million

Partnerships controlled by San Diego-based R&V Management Corp. have purchased the 124-unit Central Park condominium rental property in La Mesa for $28.3 million, according to CBRE Group Inc., which represented the seller.

San Diego Reportedly Loses America's Cup to Rival Bermuda

San Diego finished second to Bermuda in a high-stakes race to host the 2017 America’s Cup, according to an Associated Press report.

Business Calendar for Week of November 24, 2014

Some of the business events planned for the week of November 24, 2014, and beyond.

County Jobless Rate Drops to 5.8 Percent in October

San Diego County’s unemployment rate dipped to 5.8 percent in October, down 0.1 percent from September, as the region added a net of 12,500 jobs during the month, according to the state’s Employment Development Department.

Reva Medical Inc. Completes $25 Million Financing Transaction

San Diego-based Reva Medical Inc., a medical device company developing stents that can be absorbed by the body, announced that the $25 million financing transaction approved by shareholders on Oct. 31 has been successfully completed.

Waiting Period Ends for Proposed CareFusion, Becton Deal

Becton, Dickinson and Co. and CareFusion Corp. announced that the waiting period mandated under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding Becton’s proposed acquisition of San Diego-based CareFusion expired on Nov. 19.