San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Vista-Based McCain Inc. Agrees to Sell 100% of Its Shares to Swarco

The owner of Vista-based McCain Inc., which makes traffic control equipment for roads and highways, said Aug. 26 that it agreed to sell 100 percent of its shares to Austria-based Swarco.

Report Calls for Enhanced ‘Placemaking’ in S.D.

The city of San Diego can do more to meet community and business goals by creating a sense of place in its individual neighborhoods, according to a new report by the regional nonprofit Circulate San Diego.

Business Calendar for Week of August 29, 2016

Some of the business events planned in the county for the week of August 29, 2016 and beyond.

SDCCU Increases Its Membership Nearly 10%

San Diego County Credit Union’s assets grew about 1.4 percent in the second quarter reaching nearly $7.6 billion, the credit union said Aug. 25 in an earnings report.

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Grocer Smart & Final Is Opening Third Chula Vista Store

Commerce-based discount grocer Smart & Final plans an Aug. 31 opening for a new Chula Vista store at 40 N. Fourth Ave, Unit D. It will be the company’s third store in Chula Vista and its 27th in San Diego County.

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Lakeside Apartment Property Sold for $3.3M

San Diego investor Roger Carr has acquired a 20-unit apartment complex in Lakeside for $3.3 million, according to brokerage firm Apartment Consultants Inc., also known as ACI.

NASSCO Receives a $511M Ship Building Contract for Two Vessels

General Dynamics NASSCO received a $511 million contract from Matson Navigation Co. Inc. to build two ships able to haul containers and other cargo on routes to Hawaii, the companies announced Aug. 25.

Viking Therapeutics Signs $12.5 Million Stock Purchase Agreement with Aspire Capital

La Jolla-based Viking Therapeutics has entered into a $12.5 million common stock purchase agreement with Aspire Capital Fund LLC, Viking announced Thursday.

JLL Report: San Diego Life Science Leasing Remains Strong

Tenant demand for life science real estate in San Diego remains robust so far in 2016, even as leasing activity has declined from levels seen in the first half of 2015, according to a new report from brokerage firm JLL.

NASSCO to Christen and Launch Petroleum Tanker, Constitution

General Dynamics NASSCO plans to launch the 610-foot petroleum tanker Constitution into San Diego Bay on Aug. 27. The ceremony — also planned to include the traditional christening with a champagne bottle — will be open to the public.

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County Construction Starts Rose 5% in in First 7 Months of 2016

San Diego County’s construction starts increased five percent from a year ago in the first seven months of 2016, with projects totaling more than $2.17 billion in value, according to the latest monthly figures from research firm Dodge Data & Analytics.

Upscale Home-Furnishings Retailer Pirch Names Dorigo President

San Diego-based home retailer Pirch has hired Andrea Dorigo as president, the company announced Aug. 25.

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CONNECT Partners with DeskHub, Opens New Location

Local startup accelerator, CONNECT, is partnering with DeskHub, one of San Diego’s biggest coworking spaces.

Carlsbad Hilton Garden Inn Gets New Management

Atlanta-based Davidson Hotels & Resorts was recently named manager of the 161-room Hilton Garden Inn Carlsbad Beach, at 6450 Carlsbad Blvd.

JPMorgan Chase & Co. Announces $600,000 Grant to Accion

The San Diego branch of global nonprofit microlender Accion will receive a $600,000 grant in two installments from JPMorgan Chase & Co., the organization announced Aug. 25.

Skincare Co. Curology Raises $15 Million in Series B Round

Prescription skincare company Curology, formerly known as PocketDerm, has raised $15 million in a Series B financing round, the company announced Wednesday.

Escondido-Based Herman Construction Gets $15.9 Million Army Contract

The U.S. Army said on Aug. 23 that it awarded Herman Construction Group Inc. of Escondido a contract worth $15.9 million.

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Todd Young Appointed CFO at ACADIA Pharmaceuticals

San Diego drugmaker ACADIA Pharmaceuticals Inc. has appointed Todd Young as executive vice president and chief financial officer.

Kratos Awarded $20 Million Contract

Kratos Defense & Security Solutions Inc. will play a part in getting the U.S. Air Force’s new aerial refueling tanker off the ground.

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Darryl Albertson Named Cubic Corp.'s First Diversity Officer

Cubic Corp. has named Darryl Albertson as its chief human resources and diversity officer.