San Diego Business Journal


TNK Therapeutics Inc. to Acquire Scotland-Based Co. in Potential $34.4M Deal

TNK Therapeutics Inc., a subsidiary of San Diego’s Sorrento Therapeutics Inc., is acquiring Scotland-based Virttu Biologics in a stock deal worth up to $34.4 million.

By Brittany Meiling April 28, 2017 4:26 p.m. share »

Qualcomm Lowers Q3 Guidance as Battle With Apple Gets Ugly

Qualcomm Inc. lowered its guidance for its current, third quarter as its dispute with Apple Inc. continued.

By Brad Graves April 28, 2017 3:05 p.m. share »
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Two New Sponsors Will Put Startup Week in Its Element

Organizers for the city’s largest startup event, San Diego Startup Week, just landed two big sponsors that will provide space and cash for the week-long event in June.

By Brittany Meiling April 28, 2017 12:54 p.m. share »

Business Calendar for Week of May 1, 2017

Some of the business events planned in the county for the week of May 1, 2017, and beyond.

By Steve Adamek April 28, 2017 12:44 p.m. share »

3 Trends Ruling Local Retail Real Estate in 2017

What's behind local retail gains...

By Lou Hirsh April 28, 2017 12:36 p.m. share »
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Condor Airlines to Start San Diego Flights to Frankfurt

Germany’s Condor Airlines plans a May 1 start for its previously announced direct flights connecting San Diego with Frankfurt.

By Lou Hirsh April 28, 2017 12:14 p.m. share »

Office-Industrial Development Planned After Carlsbad Land Purchase

Phoenix-headquartered Levine Investments LP has purchased 17.6 acres of land in Carlsbad for approximately $30.7 million, with plans to build a new office-industrial complex, according to CoStar Group and public data.

By Lou Hirsh April 28, 2017 12:06 p.m. share »

Cubic Global Defense Hires Diane Giuliani as Senior VP of Global Business

Cubic Global Defense has hired Diane Giuliani as senior vice president of global business development and strategy. The company made the announcement April 26.

By Brad Graves April 28, 2017 11:38 a.m. share »
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Scripps Ranch Industrial Park Sold for $31.4M

A joint venture that includes La Jolla-based Hill Properties has acquired a nine-building industrial park in Scripps Ranch for $31.4 million, according to CoStar Group and brokerage firm JLL.

By Lou Hirsh April 28, 2017 11:37 a.m. share »

San Diego County Credit Union's Assets Reach $8.1 Billion Mark in Q1

San Diego County Credit Union’s assets were up to $8.1 billion at the end the first quarter, an increase of nearly 9 percent compared to the same time last year, the financial institution reported April 26.

By Sarah de Crescenzo April 28, 2017 10:24 a.m. share »

San Diego Sport Innovators Announces Five New Board Members

San Diego Sport Innovators (SDSI), the nonprofit business development organization dedicated to fostering the growth of the sport and active lifestyle (SAL) industry, announced the addition of five members to its board of directors.

By Steve Adamek April 28, 2017 9:45 a.m. share »

Realty Income, ROIC Post First-Quarter Revenue Gains

Two San Diego-headquartered real estate investment trusts – Realty Income Corp. and Retail Opportunity Investments Corp. (ROIC) – recently reported strong first-quarter growth in metrics including revenue and net income.

By Lou Hirsh April 27, 2017 3:51 p.m. share »

Can San Diego Hotels Keep Hot Streak Going?

Will San Diego County hotels be able to stretch a six-year streak of annual revenue and occupancy gains into a seventh year?

By Lou Hirsh April 27, 2017 3:49 p.m. share »

ChromaCode Raises $12 Million in Series B Round

ChromaCode Inc., a molecular information startup in San Diego, has raised $12 million in a Series B funding and appointed a former Illumina executive as the company’s executive chairman.

By Brittany Meiling April 27, 2017 3:48 p.m. share »

AltheaDx Inc. Raises $27 Million in Series D Funding

San Diego molecular information firm AltheaDx Inc. has raised $27 million in a Series D funding, the company announced.

By Sarah de Crescenzo April 27, 2017 2:24 p.m. share »

NASSCO Has Designs on Getting New Customer

General Dynamics NASSCO builds ships for two markets: the U.S. Navy and the commercial market. But now it’s doing preliminary work for a third customer.

By Brad Graves April 27, 2017 2:18 p.m. share »
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Vista Apartment Property Sells for $20.9 Million

San Francisco-headquartered Vista International Inc. has acquired a 140-unit apartment property in Vista for $20.9 million, according to CoStar Group and brokerage firm JLL.

By Lou Hirsh April 27, 2017 1:45 p.m. share »

Neurocrine Announces $450 Million Convertible Senior Notes Offering

San Diego drugmaker Neurocrine Biosciences Inc. is raising up to $502 million in an offering of convertible senior notes, the company announced Wednesday.

By Brittany Meiling April 27, 2017 10:53 a.m. share »
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5 Takeaways From the Man Behind S.D.’s $12B Biotech

Osman Kibar, the founder and CEO of Samumed LLC, shares some of what he's learned about science, medicine and commerce.

By Sarah de Crescenzo April 26, 2017 5:08 p.m. share »
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San Diego Apartments Sold for $8 Million

Bee Holdings LLC of Laguna Beach has acquired a 30-unit apartment complex in San Diego’s Golden Heights neighborhood for approximately $8 million, according to brokerage firm Apartment Realty Group (ARG).

By Lou Hirsh April 26, 2017 4 p.m. share »