SD BUSINESS JOURNAL DAILY ENEWS
The University of San Diego economic index rose for the ninth straight month in February, with six out of six components advancing for the second month in a row.
San Diego-based Rhombus Energy Solutions Inc., an energy technology company designing and deploying power conversion, control, and distributed energy management solutions, announced the acquisition of Energy Development Associates LLC.
SmartDrive Systems said on March 30 that it raised $50 million of additional venture funding.
The number of initial public offerings (IPOs) in the first quarter of 2015 dropped significantly from the same period a year ago, according to reports from the accounting firm Ernst & Young and fund manager Renaissance Capital.
Valley View Casino & Hotel and AEG announced a multiyear extension of the naming rights agreement for Valley View Casino Center at 3500 Sports Arena Blvd.
San Diego-based developer H.G. Fenton Co. has purchased a 10,000-square-foot lot in downtown’s Little Italy for $2 million, according to real estate services firm ACI Commercial, which represented the sellers.
Dayani Partners has purchased a portfolio of Pacific Beach retail buildings for $4.6 million, according to Voit Real Estate Services, which handled the transaction.
Black Mountain Systems, a San Diego-based software company that caters to asset managers and financial institutions, has been acquired by Stone Point Capital, a private equity firm.
Affirmed Housing Group of San Diego has completed a $13 million renovation of Sonoma Court Apartments, a 61-unit affordable housing community in Escondido.
Abel Olivera has been named chief executive officer of The Jensen Meat Co. in Otay Mesa, company co-owner Jeff Hamann announced.
The Federal Aviation Administration (FAA) has granted San Diego Gas & Electric permission to use unmanned aircraft systems (UAS) to conduct aerial inspections of the public utility's electric and gas facilities, including emergency response damage assessments throughout its service territory.
Novatel Wireless Inc. said on March 30 that it acquired Feeney Wireless, an Oregon company that specializes in electronics for the Internet of Things.
The San Diego Business Journal is now accepting nominations for the 2015 General Counsel Awards, which recognizes excellence in the In-House counsel community.
Davlyn Investments Inc. of San Diego has purchased the two-building Paseo Summit office property in Carlsbad for approximately $16.4 million, the company announced.
Orexigen Therapeutics Inc. has hired Tom Cannell has as its chief commercial officer, according to a recent news release.
Island Terraces LP of Los Angeles has purchased Island Terraces, an office property in Coronado, for approximately $19.7 million, according to CoStar Group and public data.
Teva Pharmaceutical Industries Ltd. is buying San Diego-based Auspex Pharmaceuticals Inc. for about $3.2 billion in a move to strengthen its position on treatments for central nervous system conditions, according to a recent news release.
Realty Income Corp. will be added to the S&P 500 index after the close of trading on April 6, the Escondido-based company announced.
The San Diego County Registrar of Voters is reviewing more than 60,000 signatures submitted by opponents of the mixed-used One Paseo project in Carmel Valley, aimed at rescinding San Diego City Council’s recent approval or placing the measure on a future election ballot.
Private equity firm Blum Capital and the parent of Fairmont Hotels & Resorts are acquiring a majority stake in Carmel Valley’s Grand Del Mar resort for a reported $230 million.