San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Callaway Golf Reports Q2 Net Income of $12.8 Million

Foreign exchange rates continue to dampen Callaway Golf Co.’s game, but the company is seeing more quarterly profit than last year.

EvoNexus Announces Application Period for Would-Be Incubators

Startup companies that hope to enter the EvoNexus incubators in San Diego and Irvine should warm up their computers and get ready to pitch.

California Economic Activity Index Shows Second Monthly Increase

Comerica Bank’s California Economic Activity Index grew in May, increasing 0.8 of a percentage point to a level of 120.5.

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Watkins Landmark Tapped to Build Hotel at El Paseo

Carlsbad-based Watkins Landmark Construction has been awarded the contract to build a new Marriott Autograph Collection luxury hotel in Palm Desert’s upscale El Paseo shopping district.

Ignyta Gets FDA Clearance for New Drug Application

San Diego-based Ignyta Inc., a precision oncology company, reported that the U.S. Food and Drug Administration has cleared its Investigational New Drug (IND) application milestone for the company’s tumor-fighting compound known as RXDX-107.

Chargers Open Training Camp Thursday

The San Diego Chargers will open their training camp to the public on Thursday at their Kearny Mesa facility for what could be the team’s final season in San Diego.

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Lemonade Restaurant Plans Two San Diego Openings

Los Angeles-based restaurant operator Lemonade, which serves seasonal California comfort food in a colorful cafeteria setting, plans two August openings in San Diego.

Razer Acquires Software Assets of Ouya Inc.

Carlsbad-based Razer Inc. officially announced on July 27 that it acquired the software assets of Santa Monica-based Ouya Inc., which produces an Android game platform for the television. Terms of the deal were not disclosed.

San Diego Officials Update NFL on Stadium Planning

San Diego officials entered what they called “the fourth quarter” in the city’s bid to retain the San Diego Chargers, briefing NFL officials on Tuesday on local work being done on a proposed Mission Valley stadium.

NuVasive Reports Q2 Net Income of $10.3 Million

NuVasive Inc. on Tuesday reported second-quarter net income of $10.3 million, after reporting a loss in the same period a year earlier.

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City Heights Apartment Property Sold for $2.44 Million

SRM Investments LLC of San Diego has purchased a 14-unit apartment property in City Heights for $2.44 million, according to brokerage company ACRE Investment Real Estate Services.

Huntington Capital Has New Name: HCAP Partners

San Diego-based mezzanine debt and private equity firm Huntington Capital has a new name, HCAP Partners, the company said Tuesday.

General Atomics Unit Receives Contract from Italian Air Force

General Atomics Aeronautical Systems Inc. received a one-year contract covering logistics support for the unmanned aircraft flown by the Italian air force. The deal could be worth as much as $10.5 million.

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Developer Sunroad Names Dow as President of Multifamily Division

San Diego-based developer Sunroad Enterprises has named Michael Dow as president of its multifamily division, as the company looks to expand its portfolio in that category.

Home Prices Gained 4.8 Percent From May 2014 to May 2015

San Diego’s home prices rose 4.8 percent from May 2014 to May 2015, according to a national index measuring housing prices, catching up to the average growth rate in the country’s 20 largest cities.

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Legoland California Resort Adding Ninja-Themed Attraction

Legoland California Resort plans to add new theme area and ride based on the popular Lego Ninjago toys and cartoon series, with an expected debut in spring 2016.

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Jeff Russakow Named CEO at Gimbal Inc.

Gimbal Inc. has a new CEO in Bay Area tech executive Jeff Russakow.

Lemon Grove Townhome Property Sells for $4 Million

San Diego-based A&S Group, led by managing members Brandon Blum and Daniel Shkolnik of Inflexus Management, recently acquired the 24-unit Hilltop Townhomes apartment property in Lemon Grove for approximately $4 million, according to brokerage firm South Coast Commercial Inc.

Callaway Signs Schniederjans to Sponsorship Deal

Callaway Golf Co. said on July 27 that it signed 22-year-old Ollie Schniederjans to a sponsorship agreement. Financial terms were not disclosed.

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San Diego Retail Property Sells for $2.8 Million

Lai Family LP has purchased a three-building retail property in San Diego’s Grantville neighborhood for $2.8 million, according to commercial brokerage company Pacific Coast Commercial.