San Diego Business Journal


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Blackstone Group Acquiring BioMed Realty Trust in $8 Billion Deal

San Diego-headquartered BioMed Realty Trust Inc. has entered into an agreement to be acquired by affiliates of New York-based Blackstone Group, in an all-cash transaction valued at $8 billion, amounting to $23.75 per share.

Report: Short-Term Rentals Have $285 Million Economic Impact in San Diego

Short-term vacation rentals booked in San Diego through home-sharing sites including Airbnb had an economic impact of $285 million in the city during the past year, according to a newly released report by locally based National University System Institute for Policy Research.

Seismic Warning Systems to Use Local Communications Network for Earthquake Warnings

A business that seeks to provide clients with several seconds of advance notice when an earthquake strikes is expanding in Southern California by buying capacity on a local scientific radio communications network.

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AMN Healthcare Services Acquires MillicanSolutions

AMN Healthcare Services Inc. has acquired MillicanSolutions, a physician and executive leadership search firm focused academic medical centers and children’s hospitals.

BioNano Genomics, UCLA to Collaborate on Pediatric Study

BioNano Genomics announced Oct. 8 that it has entered a research collaboration with the University of California, Los Angeles.

Plaza Bank Expands Local Presence By Opening Regional Business Center

Irvine-based Plaza Bank has opened a regional business center in San Diego, the first significant physical presence for the small-business-focused bank.

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Home Sales Drop 5% in 12 Month Period

Sales of San Diego single-family homes dropped 5 percent in September compared to the previous year, with 1,822 sales recorded, according to the Greater San Diego Association of Realtors.

Navy Awards Two Contracts Worth $100 Million to BAE Systems San Diego Ship Repair

BAE Systems San Diego Ship Repair received two contracts collectively worth more than $100 million to cover shipyard work for two U.S. Navy workhorses: a cruiser and a destroyer.

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Realty Income Raises $517 Million in Stock Offering

Realty Income Corp. raised total net proceeds of approximately $517 million from its public offering of common stock that closed on Oct. 7, the San Diego-based company reported.

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Oceanside RV Park Sold for $9.7 Million

Investment firm Pacific Current Partners of Orange County has acquired Oceanside RV Park in Oceanside for $9.7 million, the company announced.

GA-ASI Awarded Two Army Aircraft Contracts

General Atomics Aeronautical Systems Inc. received two aircraft contracts from the U.S. Army at the end of September.

County's Agricultural Value for 2014 Pegged at $1.82 Billion

San Diego’s agricultural output dropped slightly last year, falling about 2 percent to $1.82 billion, county officials said Wednesday.

Scripps Health Affiliates With Pioneers Memorial Healthcare District

Scripps Health and Pioneers Memorial Healthcare District have entered into an affiliation agreement, signed Tuesday at a ceremony at Pioneers Memorial Hospital in Brawley. The two-year agreement marks the first hospital affiliation for Scripps outside of San Diego County.

Boston-Based Firm Acquires Torrey Pines Transportation

Torrey Pines Transportation is being acquired by Boston-based Marcou Transportation Group for undisclosed terms, the buyer announced on Oct. 5.

ESET Acquires English Firm DESlock+ for Undisclosed Price

ESET, the maker of computer antivirus software with a North American headquarters in downtown San Diego, recently acquired DESlock+, an English company specializing in advanced computer encryption solutions. Financial terms of the deal were not disclosed.

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Mission Valley Office Campus Sells for $29.2 Million

The San Diego office of Kearny Real Estate Co. has acquired the three-building Mission Center Office Park in Mission Valley for $29.2 million, the company announced.

August Home Prices Climbed 5.8 Percent Over Last Year

Home values in San Diego and Carlsbad continued to climb in August, rising 5.8 percent over the past year, as home prices appreciated 6.9 percent nationwide, according to a report Tuesday from CoreLogic.

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Realty Income Conducts $450 Million Stock Offering

Realty Income Corp. is expected to close Oct. 7 on a public offering of common stock with net proceeds of approximately $450 million, the San Diego-based company announced.

RA Capital Advisors Closes $425 Million Acquisition

San Diego-based investment bank RA Capital Advisors on Tuesday announced pest control giant Rentokil Initial plc bought RA client Steritech Group Inc. for $425 million, which it said was the largest acquisition in the pest control industry.

Tracon Pharmaceuticals Appoints Chief Medical Officer

Tracon Pharmaceuticals, a public biopharmaceutical company in San Diego, announced Tuesday that Dr. Ronald Shazer has been appointed chief medical officer.