San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

SDCERA Names Wescoe Chief Executive

San Diego County’s $10.6 billion pension fund said Sept. 3 it had hired the former head of the city’s pension fund, David Wescoe, as its next permanent chief executive, following the resignation of longtime CEO Brian White in March.

Neurocrine Biosciences Makes Board Appointment

Neurocrine Biosciences Inc., a biopharma company in San Diego, announced that it has appointed Dr. Alfred W. Sandrock, Jr. to its board of directors.

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North Park Condominiums Sell for $5.61 Million

Belmont Growth LLC of San Diego has acquired the 22-unit Suncrest Condos in North Park for $5.61 million, according to brokerage company ACRE Investment Real Estate Services.

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La Mesa Apartment Property Sold for $5.8 Million

an Diego-based Midland Properties LLC has purchased the 33-unit Racquet Club Apartments in La Mesa for $5.8 million, according to brokerage firm ACRE Investment Real Estate Services.

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Green Flash Brewing Names Ross as COO

San Diego-headquartered craft beer maker Green Flash Brewing Co. has named Chris Ross as its chief operating officer, as it continues to boost production and distribution. The appointment took effect on Sept. 1.

Kratos Subsidiary Receives $3.8 Million Raytheon Contract

Kratos Defense & Security Solutions Inc. said on Sept. 2 that its Micro Systems Inc. subsidiary received a three-year, $3.8 million contract award from Raytheon Missile Systems to provide radar tracking transponders for the AMRAAM missile.

Cubic Corp. Updates Contract Status For Defense, Transportation Units

Cubic Corp. reported it received a contract for its transportation unit and made a delivery on a contract for its defense unit.

San Diego Region Has Second-Fastest Growing Economy in State

The greater San Diego region is the second-fastest growing economy in the state, the California Employment Development Department said Wednesday, with the area expected to add 206,000 jobs by 2022.

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Cushman & Wakefield, DTZ Announce Completion of Merger

Commercial real estate service companies Cushman & Wakefield and DTZ have completed their previously announced $2 billion merger, with the combined company now known as Cushman & Wakefield and headquartered in New York City.

Sequenom Partners With Perinatal Quality Foundation

San Diego’s Sequenom Inc. announced that it will partner with the Perinatal Quality Foundation to spread education about prenatal testing.

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Grocer Haggen Sues Albertsons for $1 Billion

Northwest-based grocery chain Haggen Food & Pharmacy is suing Albertsons and its holding company for more than $1 billion, based on claims stemming from Haggen’s purchase and conversion of 146 Albertsons and Safeway stores in late 2014.

Scripps Researchers Complete Enrollment for Wireless Health Sensor

Researchers with the Scripps Translational Science Institute have completed enrollment in the first clinical trial of the Scanadu Scout, a wireless health sensor that measures four vital signs in a few seconds by touching the device to the forehead.

Kratos Gets Five-Year, $50 Million Contract

Kratos Defense & Security Solutions Inc. said on Sept. 1 that its satellite electronics and cybersecurity business recently received a $50 million, five-year contract from an unnamed international customer.

Lynx Technology Acquires PacketVideo Operations

San Diego-based Lynx Technology acquired the North American and European operations of PacketVideo five months ago for undisclosed terms. A publicist for Lynx said that the deal, which closed March 27, called for delaying an announcement until September.

Otonomy Board Gets New Chairman and New Director

Otonomy, Inc., a clinical-stage biopharmaceutical company focused on the development and commercialization of therapeutics for diseases and disorders of the ear, announced the appointment of Ted Schroeder to its board of directors and the resignation of its chairman, Peter Bisgaard.

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San Diego Firm Buys Bay Area Apartments for $26.4 Million

The ConAm Group of San Diego has purchased the 137-unit TownCentre Commons apartment community in the Bay Area city of Brentwood for $26.4 million, the company announced.

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Development Ramping Up at Millenia in Chula Vista

Development of retail and other commercial elements is expected to accelerate next year at the 210-acre Millenia mixed-use community in Chula Vista, where apartments are currently under construction.

Proximity to Schools Determines Home Prices, Study Finds

San Diego homebuyers may want to rethink their desire to live close to a school, according to research released Tuesday by the University of San Diego that found homes further away from schools are worth more than those nearby.

Home Values Gain 5.2 Percent in July, CoreLogic Reports

Home values in San Diego and Carlsbad continued their rise in July, gaining 5.2 percent over the past year, as home prices appreciated 6.9 percent nationwide, according to a report from CoreLogic.

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Value of County’s Future Construction Down 43 Percent in 2015

The value of San Diego County’s future construction projects dropped 43 percent from a year ago in the first seven months of the year, to just over $1.81 billion, according to the latest data from Dodge Data & Analytics.