San Diego Business Journal


HUYA Bioscience Announces Alliance with Korea Drug Development Fund

San Diego’s HUYA Bioscience International on Monday announced a memorandum of understanding with the Korea Drug Development Fund (KDDF) to advance Korean development and commercialization of health care products for the global market, according to a news release.

Oceanside Apartments Sold for $18.2 Million

The Apartment Co. of Encinitas has purchased the 100-unit Oceana Apartment Homes in Oceanside for $18.2 million, according to Institutional Property Advisors (IPA), a division of brokerage company Marcus & Millichap.

Human Longevity Acquires Cypher Genomics

Human Longevity, a tech-driven genomics company founded and led by pioneering geneticist J. Craig Venter, has acquired San Diego’s Cypher Genomics for an undisclosed amount.

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Court Approves Sale of 8 More Local Haggen Stores

The U.S. Bankruptcy Court has approved the sale of 47 more Haggen Inc. grocery stores in five states, including eight in San Diego County. Financial terms of separate purchase agreements involving several retailers were not immediately available.

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County’s Construction Starts Down 30 Percent in First 10 Months of 2015

San Diego County’s construction starts declined 30 percent in value from a year ago in the first 10 months of 2015, to just over $2.5 billion, according to the latest figures from Dodge Data & Analytics.

OneRoof Energy Announces $20M Loan Facility

OneRoof Energy, Inc., a residential solar services provider, announced a loan agreement with North Sky Capital’s Alliance Fund II and will provide the company a $20 million loan facility, according to a news release.

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La Mesa Apartment Community Sells for $8.9 Million

Stricker Family Partnership of San Bernardino has purchased the 45-unit The Ridge on Jackson apartment community in La Mesa for $8.9 million, according to real estate services company HFF Inc., which arranged financing for the deal.

The Business Calendar for the Week of November 30, 2015

Some of the business events planned in the county for the week of November 30, 2015, and beyond.

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Local Firm Acquires Chula Vista Medical Office Building for $4.5 Million

An entity that includes San Diego-based Douglas Wilson Cos. has acquired the Bonita View Plaza medical office building in Chula Vista for $4.5 million, the real estate services company announced

Bird Golf Academy Partners with Rams Hill Golf Club

The founders of Bird Golf Academy announced a partnership with Rams Hill Golf Club, according to a news release.

Miramar College Opening New $34M Science Building

San Diego Miramar College is opening a $34 million science building addition to its campus.

Home Prices Increased 6.6 Percent in Year Ending in September

San Diego’s home prices increased 6.6 percent in the year ending in September, according to an index measuring housing prices, continuing to exceed the average national bump.

Alastin Skincare Inc. Names New President/CEO

Alastin Skincare Inc., a specialty skin care company in Carlsbad, announced the appointment of Diane Goostree as its new president and CEO.

UCSD Awarded NASA Space Technology Research Grant

NASA has selected 15 university-led proposals, including one from the University of California, San Diego, for the study of early-stage space technology innovations, awarding as much as $500,000 each.

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New Hilton Garden Inn Hotel Opening at Old Town

Operators before year’s end plan to open the new Hilton Garden Inn San Diego Old Town, billed by the developer as the first completely new hotel to be built in Old Town in more than 12 years.

SOCi Appoints New CFO

SOCi, a developer of software solutions for social media and marketing management, announced that it has appointed Michael Massey to be its new chief financial officer.

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New Restaurant with Horse Race Betting Opens in Downtown San Diego

Sportech Venues California, a subsidiary of U.K.-based Sportech PLC, has opened Striders, a new downtown San Diego restaurant and high-end lounge where guests can legally wager on horse racing.

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Petco Being Acquired for $4.6 Billion

Private equity firm CVC Capital Partners and Canada Pension Plan Investment Board have signed an agreement to acquire the holding company for San Diego-based Petco Animal Supplies Inc. for $4.6 billion.

Kratos Chosen as Subcontractor on $44 Million Deal

Kratos Defense & Security Solutions Inc. said Nov. 23 that its Defense & Rocket Support Services Division was chosen as a subcontractor on a multimillion-dollar project.

Key Qualcomm Executive Hired Away by Intel Corp.

Intel Corp. has hired former Qualcomm Inc. executive Murthy Renduchintala.