San Diego Business Journal

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McDonald’s Buys Escondido Building for $4.05 Million

Illinois-based McDonald’s Corp. has purchased an Escondido building, which the restaurant company had been leasing for more than 50 years, for $4.05 million, according to brokerage firm Lee & Associates.

By Lou Hirsh May 24, 2017 12:03 p.m. share »

San Diego Hotels See Continued Growth in Occupancy, Revenue

San Diego County’s hotels continued to post strong post-recession metrics in the first four months of 2017, with total revenue rising 7.4 percent from the year-ago period, according to the latest monthly data from research firm STR.

By Lou Hirsh May 24, 2017 11:28 a.m. share »

ViaSat Reports Record Net Income of $23.8 Million

ViaSat Inc. closed the books on its 2017 fiscal year, recording net income of $23.8 million on revenue of $1.56 billion. The Carlsbad business makes satellite communication gear and offers satellite services to consumers and the airline industry as well as government and military customers.

By Brad Graves May 24, 2017 10:14 a.m. share »
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Chelsea Opens $20.4M Affordable Apartment Complex in San Diego

Carlsbad-headquartered Chelsea Investment Corp. recently opened Ouchi Courtyards, a $20.4 million affordable apartment development in San Diego’s Encanto neighborhood.

By Lou Hirsh May 23, 2017 5:29 p.m. share »

Qualcomm: Over a Million Served Per Day in Internet of Things

Qualcomm Inc. said the company is shipping more than 1 million chips per day for a wide range of connected devices in the internet of things, or IoT.

By Brad Graves May 23, 2017 4:20 p.m. share »

As Challenges Continue, Inseego Gets New Lender

Losses continue for Inseego Corp., the business formerly known as Novatel Wireless.

By Brad Graves May 23, 2017 2:42 p.m. share »
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San Diego Apartment Building Sells for $2.04 Million

Investor Travis Likert of San Diego has acquired a 14-unit apartment property in San Diego’s Lincoln Park neighborhood for $2.04 million, according to brokerage firm San Diego Investment Brokers.

By Lou Hirsh May 23, 2017 1:09 p.m. share »

TP Therapeutics Raises $45 Million in Series C Round

San Diego-based TP Therapeutics Inc., a clinical-stage biopharmaceutical company focusing on addressing oncology drug resistance, announced that it raised $45 million in a Series C financing round.

By SDBJ Staff May 23, 2017 1 p.m. share »
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North Park Apartment Property Sold for $12 Million

Affiliates of San Diego-based E3 Investments Inc. have acquired a 43-unit apartment building in the city’s North Park neighborhood for approximately $12 million, according to CoStar Group and public data.

By Lou Hirsh May 23, 2017 12:02 p.m. share »

ViaCyte Announces $10M in Financing

San Diego-based ViaCyte Inc., a privately-held regenerative medicine company, announced $10 million in financing to support operations.

By SDBJ Staff May 23, 2017 11:10 a.m. share »

Five Companies Selected to Join Tech Accelerator

Five companies are joining a new technology accelerator program at UC San Diego’s Institute for the Global Entrepreneur, or IGE.

By Brad Graves May 23, 2017 10:37 a.m. share »
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Van Oene Named Illumina Chief Commercial Officer

Illumina Inc., a genomics technology company, announced that Mark Van Oene has been named chief commercial officer.

By SDBJ Staff May 22, 2017 3:43 p.m. share »

iboss Headquarters is Boston-Bound

iboss, the fast-growing cybersecurity company that opened a new San Diego headquarters building in 2015 with much fanfare, has moved its headquarters to Boston.

By Brad Graves May 22, 2017 3:39 p.m. share »
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Ocean Beach Apartments Sold for $2.08 Million

Florida-based investors Fred and Cynthia Deluca have acquired a six-unit apartment property in San Diego’s Ocean Beach neighborhood for approximately $2.08 million, according to brokerage firm ACRE Investment Real Estate Services.

By Lou Hirsh May 22, 2017 2:32 p.m. share »
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Palo Alto Firm Buys Oceanside Apartments for $30 Million

An affiliate of Palo Alto-based Pacific Urban Residential has acquired a 136-unit Oceanside apartment property for $30 million, according to CoStar Group and brokerage firm Kidder Mathews.

By Lou Hirsh May 22, 2017 2:22 p.m. share »
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Shariq Hussain Steps Aside as CEO at MEPS Real-Time

Shariq Hussain, CEO of Carlsbad-based MEPS Real-Time Inc., is stepping down from his role to become the company's chief technology officer because of health issues, the company announced Monday.

By Sarah de Crescenzo May 22, 2017 2:19 p.m. share »

General Atomics Awarded $195.2 Million Navy Contract

The U.S. Navy awarded General Atomics Electromagnetic Systems a $195.2 million deal to put its advanced arresting gear on the USS Enterprise — the third of the new, Gerald R. Ford-class aircraft carriers.

By Brad Graves May 22, 2017 1:48 p.m. share »
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Poway Office Building Sells for $5.36 Million

A San Diego buyer listed as Hotel Mediterranean LLC & 13th LLC has acquired a Poway office building for $5.36 million, according to brokerage firm Pacific Coast Commercial.

By Lou Hirsh May 22, 2017 1:01 p.m. share »

Augmented Reality, Mini Satellites Exhibited at Pentagon ‘Science Fair’

Every other year, the Defense Department puts on a science fair of sorts in the central courtyard of the Pentagon building.

By Brad Graves May 22, 2017 11:13 a.m. share »

MabVax Closes Public Stock Offering for $4.1 Million

San Diego's MabVax Therapeutics Holdings Inc. has closed its public offering of common and preferred stocks for $4.1 million, the company announced Monday.

By Sarah de Crescenzo May 22, 2017 11:08 a.m. share »

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