San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Gilmer Named CEO of San Diego Symphony

Martha Gilmer, a longtime executive and creative leader with the Chicago Symphony Orchestra, has been named CEO of the San Diego Symphony.

Provide Commerce Is Being Sold to FTD

Provide Commerce, a San Diego subsidiary of Liberty Interactive Corp. and operator of online retailer ProFlowers, is being sold again, this time to one of its biggest competitors, FTD Cos. of Downers Grove, Ill.

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Excel Trust Reports Revenue Increase for Second Quarter

San Diego-based Excel Trust Inc. saw total revenue rise 14 percent from a year ago, reaching $30.6 million in its second quarter ending June 30.

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McMillin Cos. Buys Land for Planned Little Italy Apartments

The Corky McMillin Cos. of San Diego recently purchased a property in Little Italy for $5.3 million, with plans to develop a new upscale 100-unit apartment project.

Human Longevity Inc. Hires Former Google Exec as Chief Data Scientist

A diagnostic and therapeutic company in La Jolla has recruited Franz Och, scientist and former head of Google Translate, as the company’s chief data scientist.

Vibra Bank Reports Q2 Results

Vibra Bank, based in Chula Vista and a single office, reported a second quarter loss of $26,000, compared to net income of $61,000 for the like period of 2013.

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Illumina Appoints Google Exec Huber to Its Board

Illumina Inc. announced that Jeff Huber, senior vice president at Google Inc., has been appointed to its board of directors.

Hacienda de Vega Operators Plan New Restaurant in Carlsbad

Diverse Culinary Ventures LLC has signed a 10-year lease for approximately $1.5 million, for a planned new Hacienda de Vega restaurant in Carlsbad, according to brokerage company CDC Commercial Inc.

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Coastal Commission Appeals Federal Court Ruling on Navy Broadway Project

The California Coastal Commission has decided to appeal a recent federal court ruling that allowed for the Navy Broadway Complex development to proceed, meaning further delays for the long-stalled $1.2 billion downtown San Diego project.

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Epic Sciences Raises $30M, Names Lucier New Director and Board Chairman

A diagnostics company in San Diego has raised $30 million in Series C financing to help commercialize its new technology for cancer research.

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Garden Fresh Names Morberg CEO

San Diego-based Garden Fresh Restaurant Corp.’s board of directors has appointed John Morberg as its CEO effective immediately.

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Qualcomm Buys EmpoweredU

Qualcomm Inc. announced on July 30 that it bought Silicon Valley-based EmpoweredU for undisclosed terms.

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Panel Stresses Need, Necessity of Proactive Cybersecurity Measures to Meet Growing Threats

Cyber security concerns have advanced far beyond interruption of service and theft of consumer credit card information and should be a priority of corporate boards, according to members of a panel at the Corporate Directors Forum on Wednesday morning at the Hyatt Regency La Jolla.

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Portfolium Funding Is Part of EvoNexus' Recent Successes

EvoNexus, the incubator of CommNexus, the area’s nonprofit trade group for the high-tech industry, said one of its portfolio companies Portfolium recently closed a $900,000 seed round of investment from the Tech Coast Angels and other San Diego-based investors.

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SeaPort Airlines Starting San Diego-Burbank Flights in October

SeaPort Airlines Inc. plans to begin new nonstop flights between San Diego International and Burbank Bob Hope Airport on Oct. 1.

Overland Storage Settles Patent Litigation, Enters Cross-License Agreement With BDT

San Diego-based Overland Storage Inc., a provider of data management and protection services, has settled all claims in its patent infringement litigation filed against BDT Media Automation GmbH, the local company announced.

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Chula Vista Industrial Park Sells for $11.2 Million

Focus Real Estate LP of Costa Mesa has purchased the Southrail Business Park industrial complex in Chula Vista for $11.2 million, according to the seller, Westcore Properties of San Diego.

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ViaSat Shares $116.8M Defense Deal With Iowa Company

The Department of Defense said on July 30 that ViaSat Inc. and Data Link Solutions LLC will share a $116.8 million contract modification to do systems engineering and integration on sophisticated military radios:

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Peggy Johnson Is Leaving Qualcomm

Executive Peggy Johnson is leaving Qualcomm Inc. after nearly two and a half decades at the San Diego tech company, a Qualcomm spokesman confirmed.

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Cubic Receives $700M Deal With London Mass Transit System

Cubic Corp. said on July 29 that it received a contract worth more than $700 million to provide fare collection services to London’s mass transit system.