San Diego Business Journal

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2 Navy Contracts Will Bring Work to Local Shipyards

The U.S. Navy announced two ship repair contracts Aug. 22.

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ViaCyte Gets $20M for Rights Agreement With Janssen

San Diego-based ViaCyte Inc. announced that it has entered into a rights agreement with Janssen Research & Development LLC, one of the Janssen Pharmaceutical Companies of Johnson & Johnson.

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Illumina Partners With Big Pharma Companies for Oncology Test System

Illumina Inc. today announced it has formed collaborative partnerships with AstraZeneca, Janssen Biotech Inc. and Sanofi to develop a universal next-generation sequencing oncology test system.

Ligand Inks Licensing Deal With Georgia Co.

Ligand Pharmaceuticals Inc. announced the signing of a commercial license agreement with Atlanta, Georgia-based Avion Pharmaceuticals LLC for the development and commercialization of four Captisol-enabled programs.

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$3.7 Million Village Club Card Room Project Underway

Dempsey Construction Inc. of Carlsbad is at work on a $3.7 million renovation and expansion that will convert an existing property into the new location for Village Club Card Room casino in Chula Vista.

25th Anniversary Is a Celebration of Community, Giving

Jackson Design & Remodeling decided to come up with a unique way to celebrate 25 years in business in San Diego.

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Fenway Properties Obtains $7.1 Million Loan for Oceanside Office Renovation

Investment firm Fenway Properties of San Diego has obtained $7.1 million in financing for a planned renovation of Tri-City Corporate Towers in Oceanside.

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Port Has Reason to Be Picky With the Kind of Cargo Received

What will the Port of San Diego look like circa 2064? I waded into the port’s effort to create a master plan for its next 50 years (see page 1), and on the way got to thinking about cargo operations.

Balboa Thrift and Loan Stays on Profitable Path of Car Loans

Balboa Thrift and Loan, based in Chula Vista and one of the last six thrift and loans in the state, just keeps on truckin’, racking up profits despite more competitors in its chosen niche — auto lending.

For a Luxury Ride, Hang Your Saddle at Hacienda Elegante

The featured home in this week’s column is in Fallbrook, right on the edge of Bonsall, just 10 minutes from the San Luis Rey Downs Training Center. The property, a horse lover’s dream, which the now retired horse breeder calls Hacienda Eleganté.

Vista Brewer Is Bringing Its Craft(s) to Mercado Del Barrio

Experts at a recent craft beer summit in North County pointed out that brewers from that region have some work to do when it comes to boosting their profile in places such as the city of San Diego, which has its own crowded contingent of beer makers running their own tasting rooms and brewpubs.

SeaWorld Is Looking to Counter a Recent Tide of Criticism

TOURISM: New Orca Enclosures and Research Efforts Pledged By Park

SeaWorld Entertainment Inc. plans to spend several hundred million dollars to overhaul its performing-whale enclosures, including a near doubling of its orca environment in San Diego, amid other moves to bolster its investments in marine research.

Imprimis Sees Opportunity in Cataract Surgery Drug Compound

PHARMA: Co. Looks For Broad Applications To Common Problems

A San Diego-based pharmaceutical company is hoping to grab market share in the ophthalmology space by combating expensive post-cataract surgery drugs with a cheaper and more efficient alternative.

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Potential Matches Put Under A Microscope at New Dating Site

SERVICE: DNA Analysis Is Used to Find That Special Someone

San Diego is home to countless institutes, laboratories and research collaborations aiming to find better uses for advancements in genetic sequencing. Yet, there is one market that seems an unlikely match for DNA analysis — online dating.

Chargers’ Worth Put At $995M

The value of the San Diego Chargers increased by $46 million or 5 percent over the past year to $995 million, according to the annual Forbes report on the National Football League.

Nisen Named to CEO Post at Sanford-Burnham

HEALTH: He Sees Need for ‘Constellation’ Of New Relationships

Sanford-Burnham Medical Research Institute announced that the board of trustees has appointed Perry Nisen as CEO and holder of the Donald Bren chief executive chair for the institute’s La Jolla-based headquarters.

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Platform Gives ERs a New Cardiac Device Tool

HEALTH: Co. Just Signed an Enterprise Deal With Sharp

Geneva Health Care Inc., a San Diego-based medical technology company has developed a platform that receives data from cardiac devices and converts it into usable information for health care providers. The data is presented in a dashboard that is integrated into the provider’s internal computer system so that physicians and medical staff can quickly identify the urgency of a patient’s needs.

Stone Gathers a Crowd and Funds With Beer Offering

The region is crazy with new business activities. As of early last week, Stone Brewing Co. had raised close to $1.9 million from about 11,160-plus funders at crowdfunding site Indiegogo.com to underwrite its inventive “Stone Groundbreaking Collaborations” pre-sale event.

Looking to Grow, Co. Returns to S.D. Roots

FOOD: Kashi Given Some Independence From Kellogg

Kashi, the San Diego homegrown natural cereal business that had its local office closed last year by owner Kellogg Co. and moved to Michigan, is returning to its roots.

Triton Put Through Paces By Northrop

DEFENSE: Navy to Buy 68 of the Rugged Aircraft

As the people of Rancho Bernardo went about their business Aug. 19, an operator in one of Northrop Grumman Corp.’s secure office buildings there took control of a U.S. Navy Triton — a large unmanned aircraft — during the middle of its flight over the western United States.

Biotech Property Deals Will Soon Surpass 2013

REAL ESTATE: Life Sciences Activity, IPOs Create Demand

A potent blend of initial public offerings, merger and acquisition activity and steady venture capital funding have made life-science properties the hot commodity in San Diego real estate leasing so far in 2014.

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Co. Plays a Part in New Plane Production

AVIATION: Edge-Tech Supplies Molds and Parts

Edge-Tech Design and Manufacturing has a seat on Icon Aircraft Inc.’s sporty little A5 aircraft — and it hopes to see revenue take off if aircraft sales do.

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Port of Commerce?

PROPERTY: Businesses Ready to Defend Turf as Port Shapes Its Big Picture

A view of the Port of San Diego from 10,000 feet shows a diverse place, with small businesses, heavy industry, hotels and restaurants, U.S. Navy installations, parks, wetlands, marinas, cargo terminals and more.

Minimum Wage Hike Opponents Start Referendum Campaign

Opponents of an approved hike in San Diego’s minimum wage have begun circulating petitions to place the matter before voters, following City Council’s recent override of a mayoral veto.

Business Calendar for Week of Aug. 25

Some of the business events planned in the county for the week of Aug. 25, 2014.

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Peregrine Stock Soars on News of Planned Sale to Japanese Company

Shares of San Diego-based Peregrine Semiconductor Corp. rose 60 percent early Aug. 22 on news that Japan-based Murata Manufacturing Co. Ltd. planned to buy the company for $471 million.