San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Mitek Reports Third Quarter Results

Mitek, a San Diego-based identity verification software company focused on mobile technology, on Thursday posted a 19 percent year-over-year decline in third-quarter GAAP net income amid a 41 percent jump in revenue.

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Coronado Brewing Co. Names Two Chief Operating Officers

Coronado Brewing Co. has appointed longtime employees Brandon Richards and Kasey Chapman to the shared role of chief operating officer.

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Kilroy Breaking Ground on One Paseo in Fourth Quarter

Developer Kilroy Realty Corp. plans to break ground in the fourth quarter of this year on its One Paseo mixed-use development, after recently receiving San Diego city approvals on a downsized version of the controversial project, according to its CEO.

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New Homes Are Planned After $14.5M Purchase of Former Golf Course

An affiliate of Manhattan Beach-based 33North Development Group has acquired a 114-acre former golf course site in San Diego’s Rancho Penasquitos neighborhood for $14.5 million, with plans to develop a new residential community.

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Sharp HealthCare Buys Miramar Building for $9.3M

San Diego-based Sharp HealthCare has purchased the medical office building that it had previously been leasing in Miramar for $9.3 million, according to CoStar Group and public data.

Business Calendar for Week of August 1, 2016

Some of the business events scheduled in the county for the week of August 1, 2016, and beyond.

Chamber Supports Chargers’ Plan for Downtown Stadium

The San Diego Regional Chamber of Commerce’s board of directors has voted to support the San Diego Chargers’ November ballot initiative to build a multi-purpose stadium and convention facility in downtown’s East Village.

DJO Global Posts $293 Million in Net Sales for Second Quarter

San Diego medical device maker DJO Global reported a bump to its net sales in the second quarter.

ResMed Reports Q4 Revenue of $324.5 Million

San Diego device maker ResMed Inc. reported a sizeable jump in revenue both for the company’s fourth quarter and its full 2016 fiscal year.

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Couple Open Kombucha Tasting Room in Old Town

A new local brewery in Old Town is jumping on the kombucha bandwagon, opening a tasting room in San Diego where the fizzy beverage is brewed.

U.S. Government Wants to ID Cash Buyers of High-End Homes

The U.S. Treasury Department wants to know who secretly may be buying luxury homes in San Diego.

County Construction Starts Declined 8 Percent in First Half of 2016

San Diego County’s construction starts declined 8 percent from a year ago in the first six months of 2016, with permits pulled for approximately $1.68 billion worth of residential and non-residential projects, according to the latest monthly figures from Dodge Data & Analytics.

Local REITs Report Strong Second-Quarter Results

Three San Diego-based real estate investment trusts – Realty Income Corp., American Assets Trust Inc. and Retail Opportunity Investments Corp. -- recently reported generally strong revenue and other financial results for their second quarter ending June 30.

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Michael Johnson Promoted to Co-CEO at Gurtin Fixed Income Management

Gurtin Fixed Income Management LLC on Thursday announced Michael Johnson’s promotion to co-CEO.

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Verdezyne Appoints New CFO

Verdezyne Inc., a synthetic biology company producing biobased chemicals, announced the appointment of David Kelsey as chief financial officer.

NuVasive's Healthy Q2 Earnings Beat Wall Street Expectations

Medical device maker NuVasive Inc. reported a significant boost to the company’s sales and revenue for the second quarter, topping Wall Street’s expectations.

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University Heights Retail Center Sold for $5.29 Million

A San Diego buyer recorded as Hillside Shopping Center LLC has purchased the Hillside Village Plaza retail center in University Heights for $5.29 million, according to brokerage firm Colliers International Group Inc.

United Kingdom Opening Office in San Diego

The United Kingdom plans to open an office in San Diego as part of an expansion intended to boost its investment opportunities and trade with the United States.

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Construction Starting on $127.8 Million Airport Parking Plaza

A portion of the parking lot a Terminal 2 will close Aug. 6, as construction begins on a new $127.8 million parking plaza at San Diego International Airport.

Sequenom Acquired by LabCorp for $371 Million

San Diego’s Sequenom Inc. is being acquired by LabCorp, a giant in the diagnostics and lab testing industry, in a deal worth $371 million.