San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Ballast Point Brewing Investing $47.8M in Virginia Brewing Operations

San Diego’s Ballast Point Brewing & Spirits will invest $47.8 million to establish East Coast brewing operations in suburban Roanoke, Va., the Virginia governor’s office announced.

SeaWorld San Diego Only Major Park to See Attendance Decline

SeaWorld San Diego placed 14th among North American theme parks in 2015, but was the only venue among the top 20 to see attendance drop in 2015, according to the latest annual visitor report from the Themed Entertainment Association and consulting firm AECOM.

Orexigen Co-founder Resigns From the Board of Directors

San Diego drugmaker Orexigen Therapeutics Inc. announced May 27 that Dr. Eckard Weber, the company’s co-founder and former chairman, has resigned from the board of directors.

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University of California Regents Buy Torrey Pines Office Campus for $134.1 Million

The Oakland-based Regents of the University of California, which oversees the statewide public university system that includes UC San Diego, has acquired a five-building office campus at Torrey Pines for approximately $134.1 million, according to CoStar Group and public data.

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Office Project Planned After $2.9M Land Buy in Carlsbad

Burke Real Estate Group of Costa Mesa has purchased a 3.1-acre land parcel in Carlsbad for $2.9 million, with plans to develop a two-story creative office building, according to brokerage firm CBRE Group Inc.

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San Diego-Based Pirch Opens SoHo Location

San Diego-based Pirch, known for its showrooms with live demonstrations of upscale home furnishings and fixtures, recently opened a location in SoHo.

Navy Awards $40.7 Million Contract to BAE Systems San Diego Ship Repair

The U.S. Navy awarded BAE Systems San Diego Ship Repair a $40.7 million contract for dry dock work on the guided missile destroyer USS Paul Hamilton. The work, which the Navy calls an extended dry-docking selected restricted availability, will include maintenance, modernization and repair.

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Phoenix House California Names New Executive Director

Phoenix House California named Shawna Morris its executive director over the nonprofit's California locations, including Phoenix House San Diego.

Callaway Golf Co. Invests in Texas Business

Carlsbad golf equipment maker Callaway Golf Co. said on May 26 that it has invested in Junior.Golf, a technology business based in Austin, Texas.

S&P Raises San Diego County Water Authority’s Credit Rating to AAA

S&P Global Ratings has upgraded the San Diego County Water Authority’s senior lien credit rating to AAA, the San Diego County Water Authority said.

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Irvine Co. Opens New UTC Office Building, with Another Underway

Irvine Company’s office property division has opened its new three-story Eastgate Summit at University Towne Center, and has construction underway on a nearby building called Eastgate Terrace. The projects represent a total investment of more than $50 million by the Newport Beach-based company.

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Rhonda Beathard to Lead Mason-McDuffie Mortgage Corp.'s New La Jolla Office

Mason-McDuffie Mortgage Corp., a privately held mortgage banking firm headquartered in San Ramon, is opening an office in La Jolla.

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Apartments Planned Following $6.1M Purchase of San Diego Hotel

Fowler Property Acquisitions LLC of Newport Beach has acquired Hotel Metro, in downtown San Diego’s East Village, for $6.1 million. Plans call for redeveloping the property into market-rate studio apartments, according to brokerage firm CBRE Group Inc.

Justice Department Sues Prime Healthcare

The U.S. Department of Justice on Wednesday announced that it has filed a Medicare-fraud lawsuit against Prime Healthcare Services Inc. of Ontario, which owns Alvarado Hospital in San Diego, where a whistleblower complaint initiated an investigation.

Seismic Raises $40 Million in Series C Round

Solana Beach-based Seismic said on May 25 that it raised $40 million in a series C round led by General Atlantic.

Jackie Robinson YMCA Breaks Ground on New Facility

The Jackie Robinson Family YMCA celebrated the groundbreaking of its new $31.5 million, 50,000-square-foot community center in southeastern San Diego on May 20.

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Pacific Beach Apartment Property Sells for $2.39 Million

Santa Margarita Properties I LLC, operating in San Diego and Laguna Hills, has purchased a six-unit apartment complex in Pacific Beach for approximately $2.39 million, according to brokerage firm Apartment Consultants Inc. (ACI).

Want to Buy a Home in S.D.? Need to Earn $104,486, Study Finds

A salary of $104,486 is needed to buy a home in San Diego where the median price sits at $554,300, according to a study by HSH.com, a mortgage information site, which looked at data from the first quarter of 2016.

Qualcomm and Medtronic Team Up on Disposable Diabetes Tech

Qualcomm Life, the San Diego healthtech subsidiary of Qualcomm Inc., is teaming up with Medtronic Plc to develop disposable glucose monitoring systems for type 2 diabetes patients.

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Miramar Office Buildings Sold for $6.63 Million

A La Jolla buyer recorded as Tierra Grande 3B LLC has purchased three Miramar office buildings for a total of approximately $6.63 million, according to CoStar Group and public data.