San Diego Business Journal


Business Calendar for Week of December 5, 2016

Some of the business events scheduled in the county for the week of December 5, 2016, and beyond.

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Carlsbad Mall Renovation Brings in Cheesecake Factory, Yard House

The Cheesecake Factory and Yard House restaurants, along with clothing retailer Zara, will join the tenant roster in 2017 as part of an extensive renovation currently underway at The Shoppes at Carlsbad, mall operator Rouse Properties announced.

Palomar Health Opens a New Birth Center

Palomar Health has opened a new birth center at Palomar Medical Center Escondido, replacing a similar facility it has long operated in the city’s downtown.

State Economic Index Increased 1.6 % in September

Comerica Bank's California Economic Activity Index increased by 1.6 percentage points in September to a level of 124.3, the bank said.

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Thella Bowens to Retire in March From Airport Authority CEO Post

Thella F. Bowens will retire on March 31, 2017, after 15 years as president and CEO of the San Diego County Regional Airport Authority, which owns and operates San Diego International Airport.

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Chamber Appoints Hannah Castillo to New Leadership Development Position

The San Diego Regional Chamber of Commerce has appointed a political campaign manager to the newly created position of leadership development manager.

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Rancho Bernardo Office Property Housing Bel Fuse Sold for $3.5 Million

San Diego-based Sabin Holdings LLC has purchased a Rancho Bernardo office property currently housing Bel Fuse Inc. for $3.5 million, according to brokerage firm Colliers International Group Inc.

Navy Awards Raytheon Five-Year Contract

The U.S. Navy awarded Raytheon Co. a five-year deal to provide engineering technical services and field services for specialty radar systems that go on small aircraft such as F/A-18 Hornets, EA-18G Growlers and Harrier jump jets.

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Vista Retail Center Owner Obtains $37 Million in Refinancing

Owner ValCenters of Newport Beach has obtained $37 million in refinancing for North County Square, a grocery-anchored retail center in Vista, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.

Edico Genome to Partner With Amazon Web Services

La Jolla’s tech startup Edico Genome Inc. has landed a partnership with Amazon Web Services, a subsidiary of Amazon that offers a suite of cloud computing services.

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Old Town Office Property to Become Hotel After $2.2 Million Purchase

San Diego-headquartered Hotel Investment Group (HIG) has acquired an Old Town office complex for $2.2 million, with plans to convert it into an extended-stay boutique hotel.

San Diego Airport Passenger Traffic Up 3.2 Percent So Far in 2016

Passenger traffic at San Diego International Airport increased 3.2 percent from a year ago in the first 10 months of 2016, topping 17.3 million, according to the latest monthly data from airport operators.

Cubic Corp. Closes $10 Million Acquisition of U.K.-Based Tech Firm

Cubic Corp. closed a $10 million acquisition of Vocality, a U.K.-based specialist in secure communications technology, the companies announced on Nov. 30.

SDCCU Launches Mobile Application Called SDCCU Wallet

San Diego County Credit Union, the largest locally owned credit union in the county, recently launched a mobile application called SDCCU Wallet that allows customers with iPhones to get cash from SDCCU ATMs without their debit card.

Local Economic Index Shows Little Change

A local economic index came in unchanged again in October, leaving the gauge essentially flat during the last eight months and prompting new questions about which direction San Diego County’s economy may be headed in the near term.

AttackIQ Inc. Raises $8.8M in Series A Funding

Sorrento Mesa-based AttackIQ Inc. recently closed $8.8 million in series A funding, the company announced on Nov. 30.

Viracta Therapeutics Acquires Potential Drug Candidate From U.K. Firm

San Diego biotech Viracta Therapeutics Inc. has purchased a scientific asset from United Kingdom-based Chroma Therapeutics.

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Three Tenants Pre-lease Space at Carlsbad Industrial Development

Developer RAF Pacifica Group has signed three tenants at a new speculative industrial project currently under construction in Carlsbad, including global hair products supplier Unite Eurotherapy.

Gov't Orders Vista-Built Scanners in Deal Worth As Much As $66 Million

Leidos — a Virginia corporation with roots in San Diego — said on Nov. 29 that it will deliver 22 of its VACIS X-ray scanners to customs inspectors at various U.S. ports of entry under a new deal that could be worth up to $66 million.

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Developer Pinnacle International Buys Downtown Site for $14.5 Million

Vancouver, B.C.-based Pinnacle International has acquired a redevelopment site in downtown San Diego for $14.5 million, according to brokerage firm Marcus & Millichap.