San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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KB Home Buys El Cajon Land for $6.43 Million

Housing developer KB Home of Los Angeles has acquired a 5.47-acre land parcel in El Cajon for $6.43 million, according to commercial brokerage company Colliers International.

HUYA Bioscience Appoints VP for Japan Operations

HUYA Bioscience International announced Wednesday an expansion of its senior management team with the appointment of Yoshiki Shimamura as vice president for Japan operations.

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Three Local Construction Management Firms Make ENR’s Top 100

Three San Diego-based companies made the latest annual list of the nation’s 100 largest construction management firms based on 2014 revenue, published recently by the industry magazine Engineering News-Record (ENR).

Eolas Therapeutics, AstraZeneca Announce Partnership

Carlsbad-based Eolas Therapeutics Inc. announced Wednesday that is has entered into a worldwide license and partnership agreement with AstraZeneca in a deal potentially worth $145 million.

San Diego's Economic Health Continues to Make Gains, Index Shows

An index of San Diego’s economic health rose again in May, marking 12 straight months of positive outlooks, the University of San Diego said Tuesday.

BAE Systems Receives $13.6 Million Navy Contract

The U.S. Navy has set aside time and money to improve the USS Sterett, a guided missile destroyer based in San Diego.

Soltek Pacific Receives $20.2 Million Navy Contract

San Diego-based Solpac Construction Inc., which does business as Soltek Pacific Construction Co., received a $20.2 million U.S. Navy contract to build a multistory training building to prepare pilots to fly the next generation of fighter aircraft: the F-35C Lightning II.

Navy Awards $13M Contract to General Dynamics NASSCO

The Navy awarded General Dynamics NASSCO a $13 million, one-year contract modification to turn out preliminary designs for a new amphibious-landing ship.

Study: Acceptance of Working Moms Continues to Grow

Teen and adult acceptance of working mothers has risen to an all-time high, about double what it was in the late 1970s, researchers at San Diego State University and the University of California, San Diego said Monday.

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Carlsbad Office Property Sold for $23.9 Million

Brookwood Financial Partners of Beverly, Mass., has purchased the Carlsbad Executive Plaza office property for $23.9 million, according to brokerage company DTZ.

Sorrento Therapeutics' Stock Gains 37.5 Percent in Q2

Sorrento Therapeutics Inc.’s stock surged almost 20 percent last week, continuing a trend of strong performance, as shares have gained 37.5 percent in the second quarter.

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BioMed Developing New UK Facilities for Illumina

San Diego-based BioMed Realty Trust Inc. plans to develop a 155,000-square-foot building in Cambridge, England, that will eventually house the European headquarters of genomic research and development firm Illumina Inc.

La Jolla Pharmaceutical Stock Surges

La Jolla Pharmaceutical Co.’s stock surged by more than 17 percent last week, spurred by director Kevin Tang’s purchase of 53,836 shares last Tuesday.

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Nine Local Retail Properties Are Sold for $183.25 Million

New York-based Angelo Gordon Real Estate Co. and Citivest Commercial Investments LLC of Newport Beach have purchased a portfolio of nine San Diego County retail properties for $183.25 million, according to Flocke & Avoyer Commercial Real Estate.

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Celladon Corp. Suspends All R&D Activities

Celladon Corp. announced that it will suspend all research and development activities.

SANDAG Awards $39 Million Construction Contract for Transit Work

Watsonville-based Granite Construction Inc. announced that it has been awarded a $39 million contract by the San Diego Association of Governments (SANDAG) to construct new bus rapid transit stations along state Route 15 at El Cajon Boulevard and University Avenue in San Diego County.

DJO Agrees to Buy Certain Assets From Zimmer Holdings Inc.

Encore Medical, a subsidiary of Vista-based medical device firm DJO Global, has entered into an agreement with Zimmer Holdings Inc. to purchase products to help it invest in the implant business.

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Mira Mesa Property Portfolio Sells for $23.5 Million

An affiliate of Cypress Office Properties of San Diego has purchased a four-building office and industrial portfolio in Mira Mesa for $23.5 million, according to CoStar Group and public data.

Gulls Name Eakins Head Coach

The San Diego Gulls named former Edmonton Oilers head coach Dallas Eakins to lead the coaching staff of the Anaheim Ducks’ minor league team.

The Business Calendar for the Week of June 29, 2015

Some of the business events planned in the county for the week of June 29, 2015.