San Diego Business Journal


Manchester Secures Financing for Austin Hotel

Manchester Texas Financial Group, which manages Texas-based holdings in commercial real estate and hotel development for San Diego-based Manchester Financial Group, announced that it secured financing from Colony Capital LLC for the Fairmont Austin Hotel in Austin, Texas.

New Nightclub Slated for Stingaree Site

The San Diego nightclub scene is about to say goodbye to an old favorite and hello to a fresh face.

UC San Diego Medical Center-Hillcrest Tapped to Treat Ebola Patients

Stepping up California’s preparedness to treat Ebola patients, state public health authorities on Friday officially designated five University of California hospital systems as “priority” hospitals statewide, including UC San Diego Medical Center-Hillcrest.

Sempra Energy Breaks Ground on Natural Gas Facility

San Diego-based Sempra Energy said some 300 community and business leaders turned out for the Oct. 23 groundbreaking ceremony in Hackbery, La., for its Cameron $10 billion liquid natural gas export facility.

Callaway Golf Reports Third-Quarter Net Loss of $1 Million

Callaway Golf Inc., the maker of Big Bertha clubs as well as other golf equipment, reported on Oct. 23 that it had a net loss of $1 million on net sales of $169 million during its third quarter.

Oggi’s Opens Vista Location

Oggi’s Pizza and Brewing Co. opened a new location in Vista, at 425 S. Melrose Drive.

San Diego Private Bank Reports Third Quarter Net Income

San Diego Private Bank, which just announced the acquisition of all the loans and deposits of First Security Business Bank, reported third quarter net income of $723,000, up 58.6 percent from the like quarter of last year.

Business Calendar for the Week of October 27, 2014

Some of the business events in the county planned for the week of October 27, 2014 and beyond.

Alaska Airlines Adds Nonstop Flights to Kona, Hawaii

Alaska Airlines said it is adding new nonstop flights from San Diego to Kona, Hawaii, starting March 5.

San Diego Private Bank to Acquire First Security Business Bank

San Diego Private Bank, which merged with Coronado First Bank in April 2013, is expanding again, having signed a definitive agreement to acquire all of the loans and deposits of First Security Business Bank, a one-office industrial bank in Orange.

Maxwell Technologies Allies With Fortune 500 Corning Inc.

San Diego-based Maxwell Technologies Inc. reported a new alliance with a Fortune 500 company as well as a quarterly net loss on Oct. 23.

U.S. Army Awards Contract for Training to Cubic Corp.

The U.S. Army steered millions of dollars of training work to Cubic Corp. over the last several months, the San Diego company reported on Oct. 23.

ResMed Inc. Posts $380.4 Million in First-Quarter Revenue

San Diego-based ResMed Inc., a medical technology company making devices for sleep-related breathing disorders, announced revenue of $380.4 million for the quarter ending Sept. 30, a 6 percent increase compared to the same quarter last year.

Vibra Bank Reports Strong Third-Quarter Net Income

Vibra Bank, based in Chula Vista and with one branch, reported third quarter net income of $305,000, compared to net income of $134,000 for the like quarter of 2013.

Fraden Corp. Develops Thermometer for Smartphones

Just in time to meet the Ebola outbreak demand for detecting fever, San Diego-based Fraden Corp. announced that it received a second U.S. patent for augmenting any smartphone with an instant non-contact infrared thermometer.

Port Selects Company to Negotiate on Chula Vista Bayfront Hotel Development

The board of Port Commissioners announced the selection of RIDA Development Corp. to enter negotiations to develop a destination resort and convention center on the Chula Vista Bayfront.

City Council OKs Community Planning Group for Barrio Logan

The San Diego City Council voted on Oct. 21 to recognize something that Barrio Logan has never had — an official community planning group.

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Edico Genome Announces Launch of Dragen Processor

Edico Genome Inc., a San Diego-based company that makes integrated circuits for processing genomic data, announced the broad commercial launch of its flagship Dragen processor.

County's Assessed Property Value Up 5.7 Percent

The total value of San Diego County’s assessed property for the 2014 fiscal year ended June 30 was $430.3 billion, up 5.7 percent from the prior year, according to the state Board of Equalization.

Poway Chamber to Host Expo, Mixer

The Poway Chamber of Commerce will host a business expo and mixer on Oct. 29.