San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

City Won’t Appeal Court Ruling on Convention Center Finance Plan

San Diego City Council recently voted 7-0 not to appeal a court ruling that invalidated the funding mechanism for a planned $520 million expansion of the San Diego Convention Center.

OneRoof Energy Secures Equity for $58M Solar Financing Fund

OneRoof Energy Inc., a residential solar services provider and wholly owned subsidiary of One Roof Energy Group Inc., announced today that it has reached an agreement with an unrelated third party securing equity for a $58 million residential solar financing fund.

Turtle Beach, Twitch Extend Partnership

Turtle Beach Corp., a designer of audio products, and Twitch, a live video platform and community for gamers, announced the extension of their exclusive partnership.

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San Diego County Construction Project Values Rise 42 Percent

San Diego County’s contracts awarded for future construction rose 42 percent in value from a year ago in the first seven months of 2014, according to the latest data from McGraw Hill Construction.

Soltek Pacific Construction Gets Navy Deal Worth $6.8M

The U.S. Navy said on Aug. 27 that it awarded Solpac Construction Inc., doing business as Soltek Pacific Construction, a $6.8 million task order to restore, modernize and reconfigure the interior and utilities in the ophthalmology department at Naval Medical Center San Diego.

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San Diego's Life Sciences Get $167M in VC Funding in Q2

Venture capital funding for the life sciences sector reached $2.5 billion in 195 deals nationally for the second quarter of 2014, according to a new report by MoneyTree and PricewaterhouseCoopers, based on data provided by Thomson Reuters.

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California Economic Activity Index Is Up 0.4% in June

Comerica Bank’s California Economic Activity Index grew in June, advancing 0.4 percent to a level of 113.3.

Internet Poker Legislation Not in the Cards This Session

With the end of the legislative session in sight, the author of the remaining Internet poker bill in the California Legislature called it quits, saying he will try again in the 2015-16 session.

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Escondido Apartment Property Sells for $10.8 Million

Vista International Inc. of San Francisco has purchased the 96-unit Tanglewood Apartments in Escondido for approximately $10.8 million, according to CoStar Group and public data.

Tocagen Fills Key Positions in Clinical Development

San Diego-based Tocagen Inc. announced Wayne Saville has been named vice president of clinical development and Mary Rose Keller has been named vice president of clinical operations.

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Governor Park Office Building Sold for $3.9 Million

Locale Advisors Inc. of San Diego has purchased an office building in the city’s Governor Park neighborhood for approximately $3.9 million, according to a statement from the real estate investment firm.

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Mission Valley Office Building Sells for $3.3 Million

West Coast Development of Mission Viejo has purchased a Mission Valley office building for approximately $3.3 million, according to CoStar Group and public data.

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Qualcomm Delegation Meets With Chinese Regulators

Qualcomm Inc. President Derek Aberle and a delegation from the San Diego company met Aug. 21 in Beijing with Chinese regulators in an attempt to resolve concerns raised by the Chinese government.

BAE Systems Gets Navy Ship Repair Contract Potentially Worth $78M

The U.S. Navy said on Aug. 25 that it awarded BAE Systems San Diego Ship Repair a contract for dry-dock work to the Ticonderoga-class cruiser USS Lake Erie.

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Pinnacle Hotels Completes $3.5 Million Renovation of Four Points by Sheraton

San Diego-based Pinnacle Hotels USA has completed a $3.5 million renovation of the Four Points by Sheraton San Diego Downtown hotel.

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ITC Judge Rules in Favor of ResMed in Patent Infringement Case

An administrative law judge at the International Trade Commission ruled in favor of San Diego-based ResMed against Chinese medical device maker BMC Medical Co. Ltd. in a patent infringement case.

Telik Receives $1.5 Million Contract From National Cancer Institute

Telik Inc., a San Diego-based oncology drug development company, announced it has received a $1.5 million contract from the National Cancer Institute.

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Indus Technology Receives Navy Contract Potentially Worth $7.8M

San Diego-based Indus Technology Inc. said that it received a U.S. Navy contract that could be worth up to $7.8 million over five years if the Navy exercises all of its options.

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Kid Ventures Third Location Set for Liberty Station

San Diego-based Kid Ventures, which operates “edutainment” facilities with children’s activities and adjacent café areas for parents, plans a December opening at Liberty Station in Point Loma.

Opponents of Minimum Wage Hike Begin Referendum Efforts

Opponents of an approved hike in San Diego’s minimum wage have begun circulating petitions to place the matter before voters, following City Council’s recent override of a mayoral veto.