San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Google to Open Office in Sorrento Mesa

Google plans to open an office in the tech-heavy San Diego neighborhood of Sorrento Mesa.

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Carl DeMaio Pushes Plan for Privately Funded Stadium

A group that includes former San Diego City Councilman and mayoral candidate Carl DeMaio has put forward a proposal that it says could fund a new multi-use San Diego Chargers stadium with event facilities without tax increases or other public funding.

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Expanding Law Firm Buys La Jolla Building for $4.75M

Locally headquartered law firm Tyson & Mendes LLP has purchased a La Jolla building for $4.75 million, as the multi-state firm expands its San Diego offices, the buyer announced.

Grandpoint Division to Offer Cyber Crime Insurance

Grandpoint Bank, parent of La Jolla-based Regents Bank, has created a new division to address growing concerns about cybercrime within the banking industry.

Business Calendar for Week of June 27, 2016

Some of the business events planned in the county for the week of June 27, 2016, and beyond.

Nordstrom Closing Store at Horton Plaza

Retailer Nordstrom Inc. plans to close its department store at downtown San Diego’s Westfield Horton Plaza mall on Aug. 26, the Seattle-based retailer announced.

Qualcomm Files Complaint Against Meizu in China

Qualcomm Inc. said June 23 that it took legal action against the Chinese company Meizu, filing a complaint in the Beijing Intellectual Property Court.

Ardea Biosciences to Close, Lay Off 145 Employees

Ardea Biosciences, a local biotech sold to Big Pharma for big bucks, will lay off up to 145 employees in San Diego and eventually close down.

Navy Awards 5-Year, $95 Million Contract to National City Joint Venture

The U.S. Navy awarded Multi-Media Environmental Compliance Group — a joint venture based in National City — a contract for architect-engineering services that could be worth up to $95 million over five years.

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New Carlsbad Industrial Buildings Planned After $15M Land Buy

San Diego-based developer RAF Pacifica Group has acquired 18.4 acres of industrial land in the Carlsbad Raceway Business Park for approximately $15 million, with plans to build two new distribution buildings totaling 272,430 square feet.

Architectural Foundation Issues Call for Orchids and Onions Nominations

The San Diego Architectural Foundation is accepting nominations for its 40th annual Orchids & Onions awards program, which recognizes the county’s best and worst development projects.

Kratos Receives $9.4 Million Contract

Kratos Defense & Security Solutions Inc. said it received a $9.4 million contract to provide helicopter maintenance training systems to an undisclosed customer, identified only as a major U.S. ally.

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Greg Doyle Named CEO of Leading BioSciences Inc.

Leading BioSciences Inc. has appointed Greg Doyle as its new chief executive officer.

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Cushman & Wakefield Names New Brokerage Director in San Diego

Commercial real estate services firm Cushman & Wakefield has named Nick Di Paolo as its director of brokerage in San Diego, overseeing all brokerage lines including five local offices and approximately 90 brokers.

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HCAP Partners Promotes Frank Mora

San Diego-based private equity firm HCAP Partners, formerly Huntington Capital, has promoted Frank Mora to partner, the company announced Thursday.

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Guild Mortgage Signs $10M Lease for Local Headquarters Expansion

San Diego-based Guild Mortgage Co. has signed a 10-year lease for 40,000 square feet valued at approximately $10 million, as it expands its headquarters in Kearny Mesa, according to local commercial brokers.

ViaSat Buys Land for New Texas Building

ViaSat Inc. plans to put its Texas work force in a new, 80,000-square-foot campus outside College Station, a short distance from Texas A&M University.

FAA Issues Final Rules for Commercial Drones

The Federal Aviation Administration on June 21 issued its first rules covering the commercial use of drones. The rules take effect in late August.

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Carlsbad Industrial Building Sold for $7.55 Million

Los Angeles-based Alvarez & Marshal Capital Real Estate LLC has purchased a Carlsbad industrial building for $7.55 million, according to brokerage firm Lee & Associates.

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Sorrento Mesa Office Campus Sells for $12.6 Million

BLT Enterprises of Santa Monica has acquired a two-building office campus in Sorrento Mesa for $12.6 million, the buyer announced.