San Diego Business Journal


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BioMed Realty Trust Reports Strong Leasing in Second Quarter

San Diego-based BioMed Realty Trust Inc. posted total revenue of approximately $158 million for its second quarter ending June 30, down from $171.2 million for the same period of 2014.

Business Calendar for Week of August 3, 2015

Some of the business events planned in the county for the week of Aug. 3, 2015, and beyond.

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Vista Industrial Building Sold for $3.15M

Investor Paul Wagner of Carlsbad has acquired a Vista industrial building for $3.15 million, according to brokerage company Lee & Associates and public data.

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Richman Group Plans $100M Mixed-Use Project in East Village

San Diego’s downtown project oversight agency has approved plans by Richman Group of California Development Co. for a $100 million mixed-use, high-rise residential project in East Village.

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ResMed to Expand in China, Announces Q4 Results

Medical device firm ResMed is set to expand in China and says it remains on track to meet its 2020 goals after a lift in its fourth-quarter revenues, according to recent financial statements.

Suneva Medical Raises $35.4 Million in Capital

San Diego-based Suneva Medical Inc., a developer of facial skin products, announced the closing of a $15 million equity investment by Almirall Inc., an affiliate of Almirall S.A., a global pharmaceutical company primarily focused within the therapeutic area of medical dermatology.

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Excel Shareholders Approve $2 Billion Acquisition By Blackstone

Shareholders of San Diego-based Excel Trust Inc. have formally approved the previously announced acquisition of the company by Blackstone Group, in a deal valued at approximately $2 billion.

Maxwell Technologies Restructuring, Reducing Staff

Maxwell Technologies Inc., a maker of energy storage devices called ultracapacitors, said on July 30 that it was in the process of restructuring, reducing head count and consolidating U.S. manufacturing operations, all in order to reach profitability.

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Second-Quarter Revenue, Income Rise at Realty Income

San Diego-based Realty Income Corp. saw revenue rise 11.1 percent from a year ago in its second quarter ending June 30, reaching $253.9 million.

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Marla Black to Lead Junior Achievement of San Diego County

Veteran banker Marla Black has been named president and chief executive officer of Junior Achievement of San Diego County.

BofI Holding Inc. Reports Q4 Net Income of $24.4 Million

BofI Holding Inc., the parent company of San Diego-based BofI Federal Bank, reported fourth-quarter net income of $24.4 million on Thursday, a 52 percent increase over the year before and the 14th consecutive quarter of record earnings.

Senomyx Inc. Reports Q2 Net Loss of $2.7 Million

Senomyx Inc., a biotechnology company that makes flavor enhancers, reported a net loss of $2.7 million for the second quarter of 2015, up slightly from the $2.6 million net loss from the same period last year.

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Irvine Co. Completes $150 Million Renovation of Mission Valley Apartments

Commercial property owner and developer The Irvine Co. has completed a $150 million renovation of its 1,410-unit apartment community in Mission Valley, now known as The Village Mission Valley.

CrediautoUSA Announces Completion of $75 Million Credit Facility

CrediautoUSA Financial Co. LLC announced the completion of a capital facility which provides up to $75 million to facilitate the acquisition by Crediauto of nonprime automobile financing contracts.

URS to Continue Managing Hazardous Waste at Navy's Repair Depot

URS Federal Services Inc. of Germantown, Md. will manage hazardous materials for the Defense Logistics Agency for one more year at the U.S. Navy aircraft repair depot at Naval Air Station North Island, the Pentagon announced on July 24.

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American Assets Trust Posts Increase in Revenue, Income

American Assets Trust Inc. reported revenue up 7.3 percent from a year ago for its second quarter ending June 30, reaching $66.7 million.

Taiwanese Manufacturer to Build $25M Facility in Tijuana

Taiwanese sporting goods manufacturer Quan Shen will build a $25 million manufacturing facility in Tijuana next year to make golf club heads, creating 800 jobs.

Callaway Golf Reports Q2 Net Income of $12.8 Million

Foreign exchange rates continue to dampen Callaway Golf Co.’s game, but the company is seeing more quarterly profit than last year.

EvoNexus Announces Application Period for Would-Be Incubators

Startup companies that hope to enter the EvoNexus incubators in San Diego and Irvine should warm up their computers and get ready to pitch.

California Economic Activity Index Shows Second Monthly Increase

Comerica Bank’s California Economic Activity Index grew in May, increasing 0.8 of a percentage point to a level of 120.5.