San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Amazon Game Studios Opens S.D. Office

Amazon Game Studios, the online retail giant’s gaming development arm, has opened an office in San Diego, the company announced.

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Multifamily Tower Planned After $15.2M Property Buys in Little Italy

An affiliate of San Diego-based AAA Management LLC has acquired two land parcels in downtown’s Little Italy for a total of $15.2 million, according to CoStar Group and public data.

Pending Deal Will Determine Strength of Local M&A Activity for 2016

The value of mergers and acquisition transactions in San Diego in 2016 grew 157 percent over the prior year — but 88 percent of the total deal value, $54.06 billion, was attributable to one agreement: Qualcomm’s decision to buy NXP Semiconductors N.V. for $47.6 billion.

Dermata Funding Could Give Co. $10M to Work With

Local biotech Dermata Therapeutics LLC is bringing in $10 million to fuel the development of its dermatological products, the company announced Feb. 16.

The Business Calendar for the Week of February 20, 2017

Some of the business events scheduled in the county for the week of February 20, 2017, and beyond.

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Kearny Mesa Office Building Sold for $5.87 Million

San Diego-headquartered Castle Investment Co. Inc. has acquired a Kearny Mesa office building for $5.87 million, according to CoStar Group and public data.

Positive Responses Push Business Outlook Index Up

San Diego businesses kicked off 2017 on a positive note, according to an update by the San Diego Regional Chamber of Commerce.

AMN Healthcare Reports Record Revenue, Earnings

AMN Healthcare reported fourth-quarter earnings of $26.4 million, a nearly 31 percent year-over-year jump that helped the San Diego-based medical staffing company post record revenue and earnings in 2016.

Airgain Inc. Reports Fourth Quarter and Yearly Results

Airgain Inc. — which makes wireless antennas for household, office and industrial devices — reported net income of $1.1 million on sales of $12.6 million during its fourth quarter, which ended on Dec. 31.

Cohu Reports Net Income of $3 Million for the Year

Poway-based Cohu Inc., which makes automated testing machinery that lets semiconductor manufacturers test their finished products, reported fourth quarter net income of $2.1 million on net sales of $70.7 million.

BofI Federal Bank Elects Grinberg Chairman of the Board

BofI Federal Bank, the San Diego-based online-only bank, announced Feb. 16 that Paul Grinberg has been elected chairman of the company's board of directors.

Amazon Game Studios Opens a S.D. Office

Amazon Game Studios, the online retail giant’s gaming development arm, has opened an office in San Diego, the company announced.

Tease photo

Kearny Mesa Office Building Sells for $5.87 Million

San Diego-headquartered Castle Investment Co. Inc. has acquired a Kearny Mesa office building for $5.87 million, according to CoStar Group and public data.

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Little Italy Multifamily Tower Planned After $15.2M Property Buys

An affiliate of San Diego-based AAA Management LLC has acquired two land parcels in downtown’s Little Italy for a total of $15.2 million, according to CoStar Group and public data.

AMN Reports Record Revenue, Earnings

AMN Healthcare reported fourth-quarter earnings of $26.4 million, a nearly 31 percent year-over-year jump that helped the San Diego-based medical staffing company post record revenue and earnings in 2016.

Business Calendar for Week of February 20, 2017

Some of the business events planned in the county for the week of February 20, 2017, and beyond.

Cohu Inc. Reports Net Income of $3 Million for the Year

Poway-based Cohu Inc., which makes automated testing machinery that lets semiconductor manufacturers test their finished products, reported fourth quarter net income of $2.1 million on net sales of $70.7 million.

A Pending Deal Will Determine Strength of Local M&A Activity for 2016

The value of mergers and acquisition transactions in San Diego in 2016 grew 157 percent over the prior year — but 88 percent of the total deal value, $54.06 billion, was attributable to one agreement: Qualcomm’s decision to buy NXP Semiconductors N.V. for $47.6 billion.

Funding Strategy Brings Potential $10M to Dermata

Local biotech Dermata Therapeutics LLC is bringing in $10 million to fuel the development of its dermatological products, the company announced Feb. 16.

Bay City Television Shutting Down, to Lay Off 127

San Diego-based Bay City Television, which operates XETV 6, plans to lay off more than 100 people, the California Employment Development Department reported this month.