San Diego Business Journal


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Colliers International Hires La Dow to Head San Diego Operations

Commercial real estate services company Colliers International has named Andy La Dow as its new regional managing director for San Diego County operations, overseeing 100 real estate professionals at offices in San Diego and Carlsbad.

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Local Firm Acquires 768-unit Anaheim Apartment Property

A partnership that includes Boston-based Intercontinental Real Estate Corp. and San Diego-headquartered MG Properties Group has acquired the 768-unit Madison Park Apartments in Anaheim for an undisclosed price.

Dean Hakanson Named Chief Medical Officer at Otonomy

San Diego-based Otonomy Inc., a company that makes treatments for the middle and inner ear, announced the appointment of Dr. Dean Hakanson as chief medical officer.

American Wave Machines Names Reynolds to COO Position

American Wave Machines Inc., a maker of artificial wave technology, announced that the company has hired Robert Reynolds as its new chief operating officer.

George Ng Joins Sorrento Therapeutics

Sorrento Therapeutics Inc. announced the appointment of George Ng to the position of executive vice president and chief legal officer.

EDF Renewable to Manage Balko Wind Project

EDF Renewable Services, a provider of renewable operations and maintenance services in North America, announced the signing of an asset administration agreement with D. E. Shaw Renewable Investments L.L.C. for the 300 megawatt Balko Wind project in Oklahoma.

aTyr Pharma Announces Completion of $73 Million Series E Financing

San Diego-based aTyr Pharma Inc., a biotherapeutics firm that treats diseases of the immune system, announced the completion of a $76 million Series E financing on Tuesday.

Region's Economy Continues Upswing, USD Index Shows

The University of San Diego economic index rose for the ninth straight month in February, with six out of six components advancing for the second month in a row.

Rhombus Energy Solutions Acquires Michigan-based Company

San Diego-based Rhombus Energy Solutions Inc., an energy technology company designing and deploying power conversion, control, and distributed energy management solutions, announced the acquisition of Energy Development Associates LLC.

SmartDrive Systems Raises $50 Million in Venture Funding

SmartDrive Systems said on March 30 that it raised $50 million of additional venture funding.

IPOs Down Significantly for Q1 2015

The number of initial public offerings (IPOs) in the first quarter of 2015 dropped significantly from the same period a year ago, according to reports from the accounting firm Ernst & Young and fund manager Renaissance Capital.

Naming Rights Agreement Extended for Valley View Casino Center

Valley View Casino & Hotel and AEG announced a multiyear extension of the naming rights agreement for Valley View Casino Center at 3500 Sports Arena Blvd.

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Little Italy Parcel Sells for $2 Million

San Diego-based developer H.G. Fenton Co. has purchased a 10,000-square-foot lot in downtown’s Little Italy for $2 million, according to real estate services firm ACI Commercial, which represented the sellers.

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Pacific Beach Retail Properties Sold for $4.6 Million

Dayani Partners has purchased a portfolio of Pacific Beach retail buildings for $4.6 million, according to Voit Real Estate Services, which handled the transaction.

Black Mountain Systems Acquired by Stone Point Capital

Black Mountain Systems, a San Diego-based software company that caters to asset managers and financial institutions, has been acquired by Stone Point Capital, a private equity firm.

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Developer Completes $13 Million Renovation of Escondido Apartments

Affirmed Housing Group of San Diego has completed a $13 million renovation of Sonoma Court Apartments, a 61-unit affordable housing community in Escondido.

Jensen Meat Co. Appoints Abel Olivera CEO

Abel Olivera has been named chief executive officer of The Jensen Meat Co. in Otay Mesa, company co-owner Jeff Hamann announced.

SDG&E Gets FAA Approval to Fly Drones

The Federal Aviation Administration (FAA) has granted San Diego Gas & Electric permission to use unmanned aircraft systems (UAS) to conduct aerial inspections of the public utility's electric and gas facilities, including emergency response damage assessments throughout its service territory.

Novatel Wireless Acquires Oregon-Based Feeney Wireless

Novatel Wireless Inc. said on March 30 that it acquired Feeney Wireless, an Oregon company that specializes in electronics for the Internet of Things.

Nominations for the 2015 General Counsel Awards Now Open

The San Diego Business Journal is now accepting nominations for the 2015 General Counsel Awards, which recognizes excellence in the In-House counsel community.