San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Bumble Bee Agrees to $1.51 Billion Sale to Thai Union Frozen

San Diego-based Bumble Bee Foods LLC, one of the world’s largest seafood purveyors, said it agreed to be acquired by Thai Union Frozen Products Public Company Ltd, for $1.51 billion.

Raytheon Co. Awarded $26.1 Million Navy Contract

The U.S. Navy awarded Raytheon Co. a $26.1 million contract for work on integrated shipboard electronic systems aboard San Antonio-class amphibious transport dock ships.

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Chamber of Commerce Extends Contract With Jerry Sanders

Jerry Sanders agreed to continue to work as president and CEO for the San Diego Regional Chamber of Commerce at least through 2017, the chamber said Thursday.

Furlocity Successfully Completes $1.2 Million Private Offering

Furlosity, a pet accommodations website and online booking platform that allows pet owners to search, identify and book trusted pet boarding facility stays, veterinary services and pet-friendly hotels, announced Thursday the successful completion of an approximate $1.2 million private offering.

General Dynamics Nassco Opens Facility in Bremerton, Wash.

General Dynamics Nassco, which operates the largest shipbuilding site on the West Coast in San Diego and employs more than 3,000 here, said it recently opened a new repair and maintenance facility in Bremerton, Wash.

MEI Pharma Raises $46 Million in Public Offering

MEI Pharma Inc., a clinical-stage oncology company, announced that it has raised about $46 million from the sale of 11.5 million shares of its common stock.

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Leslie Larranaga-Britt Named Executive Director of Mile of Cars

The National City Mile of Cars named Leslie Larranaga-Britt as its new executive director.

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AMN Healthcare to Acquire 3 Brands From OGH LLC

AMN Healthcare Services Inc., a San Diego-based health care staffing company, announced an agreement to acquire Onward Healthcare, Locum Leaders and Medefis from OGH LLC for $82.5 million.

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Halozyme Therapeutics, Janssen Biotech Sign Agreement

Halozyme Therapeutics Inc., a San Diego-based biopharmaceutical company, will receive $15 million as an initial payment from Pennsylvania-based Janssen Biotech Inc. as part of a collaboration and license agreement to develop and commercialize products combining Halozyme’s technology with Janssen’s compounds.

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Hines Buys Carlsbad Building Housing Acushnet for $23.3 Million

An affiliate of Houston-based Hines has purchased the Carlsbad industrial building housing golf products maker Acushnet Co. for approximately $23.3 million, according to brokerage company Cassidy Turley, which represented the seller.

San Diego Chargers to Stay Put for 2015 Season

The San Diego Chargers said the team will remain at Qualcomm Stadium for the 2015 season, putting to rest rumors that last week’s loss to the Denver Broncos was the last time fans could see them play here.

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Imperial Beach Site of Planned Hotel Acquired for $5.5 Million

Imperial Beach Resort LLC has purchased an Imperial Beach parcel for $5.5 million, with plans to develop a 79-room boutique hotel, according to brokerage company Lee & Associates, which handled the transaction.

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San Diego Apartment Property Sells for $2.74 Million

A 24-unit apartment property in San Diego’s Lincoln Park subdivision has been sold for approximately $2.74 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

Teradata Corp. Completes Acquisition of RainStor

Teradata Corp., an Ohio-based public company with about 1,000 employees in Rancho Bernardo, said it completed the acquisition of RainStor, a business specializing in online big data archiving.

Royal Philips NV Buys Volcano Corp. for $1 Billion

Royal Philips NV agreed to buy San Diego-based Volcano Corp. for $1 billion to expand in catheter-based imaging of the heart and blood vessels as part of a wider refocus on more profitable markets, such as medical gear.

Three Investors Contribute $2 Million to EdgeWave Inc.

San Diego-based EdgeWave Inc., which makes cyber security software, said on Dec. 17 that three investors contributed $2 million more to the company’s series A funding round. EdgeWave is pulling together funds to expand the company.

Cubic Corp. Acquires DTECH LABS for $114.5 Million

Cubic Corp. said on Dec. 16 that it acquired DTECH LABS Inc., a Virginia company specializing in radio technology for military, government and commercial customers, for as much as $114.5 million.

Northrop Grumman Sells 4 Aircraft to South Korea for $657 Million

Northrop Grumman Corp. sold four Global Hawk unmanned reconnaissance aircraft to South Korea for $657 million.

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Red O Restaurant to Replace Donovan’s at UTC Office Campus

Red O, an upscale restaurant with Mexican-style cuisine led by celebrity chef Rick Bayless, plans a 2016 opening at Irvine Co.’s The Plaza office campus in University Towne Center.

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Four City Heights Apartment Buildings Sold for $4.23 Million

Four apartment buildings totaling 30 units in San Diego’s City Heights neighborhood have been sold for $4.23 million, according to brokerage company ACRE Investment Real Estate Services, which represented the seller.