San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Commercial Bakery Planned after $3.41M Poway Industrial Property Purchase

San Diego-based Escobar Family Real Estate Holdings LLC has acquired a Poway industrial property for $3.41 million, with plans to relocate an existing commercial baking facility to the site, according to brokers who handled the deal.

By Lou Hirsh July 27, 2017 3:46 p.m. share »

BofI Expanding Partnership With H&R Block

BofI Federal Bank is expanding its partnership with tax preparation services company H&R Block Inc., through which it has been offering financial services products since the 2016 tax season.

By Sarah de Crescenzo July 27, 2017 3:04 p.m. share »

NuVasive Restructures C-Suite, Announces Q2 Revenues

Local medical device maker NuVasive Inc. on Thursday announced a restructuring of its executive suite, including the pending departures of its president/chief operating officer and chief finance officer. The company, known for disrupting the spinal surgery market, said the changes are intended to drive growth and profitability as it strives to hit $1 billion in revenues in 2017.

By Tarcy Connors July 27, 2017 2:51 p.m. share »
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Ballentine Tapped to Lead CSU Institute for Palliative Care

Jennifer Moore Ballentine has been named the new executive director of the CSU Institute for Palliative Care.

By Sarah de Crescenzo July 27, 2017 1:20 p.m. share »

San Diego Private Bank Parent Co. Reports Q2 Assets

Private Bancorp of America Inc., the parent company of La Jolla-based San Diego Private Bank, reported a 17 percent increase in total assets to $564.9 million as of June 30, compared to the same date in 2016.

By Sarah de Crescenzo July 26, 2017 4:41 p.m. share »
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Angel Investor Behind OH! Juice's Third Location

Local beverage company OH! Juice has lined up enough investment capital to open a third location — this time at a highly trafficked tourist spot.

By Brittany Meiling July 26, 2017 4:32 p.m. share »

Struggling Drugmaker Raises $43 Million in Stock Offering

Local drugmaker Regulus Therapeutics Inc. has managed to raise $43 million in a public stock offering — cash the struggling company needs to continue its research.

By Brittany Meiling July 26, 2017 4:26 p.m. share »

New Program’s Aim: Brace Region for Golden Triangle Construction Impacts

The San Diego Association of Governments (SANDAG) has joined with city and other government leaders to form a new information program coordinating nearly 50 major development projects in the city’s highly trafficked Golden Triangle area.

By Lou Hirsh July 26, 2017 4:15 p.m. share »

InfoSonics Corp. to Acquire Cooltech Holding

San Diego-based InfoSonics Corp., which manufactures wireless handsets and tablets, said on July 26 that it plans to acquire Cooltech Holding Corp., an Apple reseller in Latin America. InfoSonics (Nasdaq: IFON) said Cooltech will become a wholly owned subsidiary of InfoSonics in exchange for 62.5 million shares of InfoSonics common stock.

By Brad Graves July 26, 2017 4:01 p.m. share »

Bridgepoint Education Reports Q2 Revenue of $124.6M

San Diego-based Bridgepoint Education, which provides postsecondary education services, reported net income of $6.3 million on revenue of $124.6 million in the second quarter, compared to $3.3 million on revenue of $138 million in the same quarter last year.

By Sarah de Crescenzo July 26, 2017 3:59 p.m. share »
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Andrew Kerzmann Named VP of Hotel Operations at Sycuan Casino

Sycuan Casino said July 26 that it hired Andrew Kerzmann as vice president of hotel operations.

By Brad Graves July 26, 2017 3:02 p.m. share »

SDSU Offers New Options for Qualcomm Stadium Site

San Diego State University has presented city officials with a mixed-use vision for the current Qualcomm Stadium site, including a new multi-use stadium for Aztec football and other potential sports partners, seating 35,000 to 40,000.

By Lou Hirsh July 26, 2017 12:02 p.m. share »

FDA Grants Special Status to Biotech's Drug

Regulators with the U.S. Food and Drug Administration have handed local biotech Samumed LLC a special classification for one of its drug programs, granting the company a number of perks.

By Brittany Meiling July 25, 2017 5:38 p.m. share »

Airport Looking for 3rd-Party Operator to Oversee Innovation Lab

The San Diego International Airport is on the hunt for a third-party operator (an individual or a firm) to take over its “innovation lab,” which the airport launched earlier this year.

By Brittany Meiling July 25, 2017 5:29 p.m. share »
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East County Medical Office Building Fetches $33 Million

Two large East Coast investment firms have entered East County’s medical office real estate market.

By Lou Hirsh July 25, 2017 3:36 p.m. share »

Chosen Foods Acquired by Mexican Company

Chosen Foods LLC, which sells specialty cooking oils and other products, has been acquired by a Guadalajara-based company that sells specialty oils, oily seeds and ingredients for Mediterranean cuisine in more than 25 countries.

By Sarah de Crescenzo July 25, 2017 3:11 p.m. share »

Startup SkySafe Raises $11.5 Million in Series A Funding

San Diego-based SkySafe, which makes technology to stop drones while in flight, said on July 20 that it received $11.5 million in series A funding, led by Andreessen Horowitz.

By Brad Graves July 25, 2017 3:07 p.m. share »
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Old Globe Names Timothy Shields Managing Director

The Old Globe has tapped Timothy J. Shields as its new managing director.

By Sarah de Crescenzo July 25, 2017 2:56 p.m. share »

Navy Awards Contract Worth Nearly $50M to BAE Systems

The U.S. Navy awarded BAE Systems San Diego Ship Repair a contract modification worth almost $50 million, covering maintenance work on the amphibious ship USS Comstock.

By Brad Graves July 25, 2017 1:27 p.m. share »

Condor Airlines Won’t Extend Local Flights to Frankfurt Beyond 2017

German carrier Condor Airlines has informed San Diego airport officials that its first season of direct local flights to Frankfurt will be its last, though no specific explanation was provided.

By Lou Hirsh July 25, 2017 11:24 a.m. share »