San Diego Business Journal


Cohu Inc. Reports Q3 Net Sales of $69.3 Million

Poway-based Cohu Inc. reported net income of $269,000 — a penny a share — on net sales of $69.3 million during its third quarter, which ended Sept. 24.

County’s Construction Starts Rose 31 Percent in First Nine Months of 2016

San Diego County’s construction starts rose 31 percent from a year ago in the first nine months of 2016, topping $3.18 billion in value, according to the latest monthly figures from Dodge Data & Analytics.

National Funding Will Be Title Sponsor of Holiday Bowl

San Diego-based alternative lender National Funding has signed on as title sponsor of the upcoming Holiday Bowl for the second year running.

Avanti Opens Coworking Space in Carlsbad

A new 22,000-square-foot coworking space is opening in Carlsbad, joining a slew of newcomers to the market of shared office space.

SDBJ Wins 16 Awards at Press Club's Excellence in Journalism Contest

The San Diego Business Journal took home 16 awards at the 43rd Annual Excellence in Journalism Awards dinner on Oct. 25.

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David Moskowitz Hired to Shape Strategy at Biocept Inc.

Biocept Inc., a liquid biopsy test maker in San Diego, has appointed David Moskowitz to the newly created role of vice president of strategy and corporate communications.

Third Quarter Revenue Rises 7.1 Percent at Realty Income Corp.

Total third-quarter revenue at Realty Income Corp. rose 7.1 percent from a year ago, reaching $277.2 million for the period ending Sept. 30, the San Diego-headquartered company reported.

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Carlsbad Office Buildings Sold for $5.8 Million

El Segundo-based Alvarez & Marsal Capital Real Estate LLC has acquired two Carlsbad office buildings for a total of $5.8 million, according to brokerage firm Cushman & Wakefield.

Qualcomm Confirms $37.9 Billion Purchase of NXP Semiconductors

Confirming weeks of rumors, Qualcomm said it plans to acquire publicly traded NXP Semiconductors N.V. for $110 per share in cash, or about $37.9 billion.

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Fowlers’ Name to Adorn SDSU Business School After $25M Gift

Local philanthropist and San Diego Padres Executive Chairman Ron Fowler, with his wife Alexis, have pledged a $25 million endowment gift to San Diego State University’s College of Business Administration. University officials said the gift is the largest in SDSU’s 119-year history.

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City Heights Apartments Sell for $2.09 Million

Xavier Family Trust of Del Mar has purchased a 14-unit apartment building in San Diego’s City Heights neighborhood for $2.09 million, according to brokerage firm South Coast Commercial Inc.

Jamul Indian Village Completes $460 Million Refinancing of Casino

Jamul Indian Village completed a $460 million refinancing of its Hollywood Casino Jamul-San Diego development project, the Indian band said Oct. 24. The casino opened Oct. 10 in San Diego’s East County region.

UC San Diego Receives $1.4 Million, Cyber-Focused Federal Grant

The local University of California campus received a $1.4 million award from the U.S. Department of Homeland Security to explore the global internet and push the frontiers of cybersecurity research.

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San Diego Retail Center Sells for $8.1 Million

Diversified Properties of Solana Beach has acquired the Bay City Plaza retail center in southern San Diego for $8.1 million, according to brokerage firms Voit Real Estate Services and Cushman & Wakefield.

Allele Biotechnology Raises $11 Million

San Diego-based Allele Biotechnology & Pharmaceuticals Inc. has raised $11 million in equity funding, according to regulatory filings.

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Developer Gets $145M in Refinancing for UTC Apartments

San Diego-based developer The Premiere Residential has obtained $145 million in refinancing for two apartment communities in University Towne Center, according to CBRE Group Inc., which arranged the financing.

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Mamma Chia Expands Leadership Team

Local beverage maker Mamma Chia is filling out its senior leadership team with four new hires focused on sales, marketing and operations.

Potential 700 Layoffs at General Dynamics NASSCO

San Diego shipbuilder General Dynamics NASSCO is warning 700 employees that they may be laid off in January, a company spokesman said Oct. 25.

Solar System to Power Thunderbird Products' El Cajon Facility

Thunderbird Products joined San Diego’s Sullivan Solar Power Oct. 25 in announcing the completion of a 74.43-kilowatt-AC photovoltaic installation at its El Cajon manufacturing facility.

ROIC Posts Revenue Increase in Third Quarter

San Diego-based Retail Opportunity Investments Corp. posted an 18.5 percent increase in total third-quarter revenue from a year ago, reaching $59.4 million for the period ending Sept. 30.