San Diego Business Journal


Mayor Names Nine People to Study Football Stadium Issue

San Diego Mayor Kevin Faulconer named nine people to a citizens’ stadium advisory group to figure out how to build a new home for the San Diego Chargers that would be a fair deal for taxpayers.

San Diego County Credit Union Assets Grew to $6.7 Billion in 2014

San Diego County Credit Union, the area’s largest credit union, grew by about $400 million last year to bring the total assets to about $6.7 billion.

DTZ Shakes up L.A. Staff, Says No Changes Planned in San Diego

Fallout from the year-end purchase of real estate brokerage Cassidy Turley by an affiliate of DTZ Investment Holdings has hit Los Angeles.

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Rudolph and Sletten Gets $78 Million Contract for Outpatient Pavilion

The San Diego office of general contractor Rudolph and Sletten Inc. has been awarded a $78 million preliminary contract to begin work on a new outpatient pavilion for UC San Diego Health Services in La Jolla.

Business Calendar for Week of February 2, 2015

Some of the business events scheduled in the county for the week of February 2, 2015, and beyond.

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Genome Pioneer Venter Joins President for Unveiling of Precision Medicine Initiative

San Diego’s genome pioneer J. Craig Venter, co-founder and CEO of Human Longevity Inc., was among leaders in the field of genomics on hand at the White House on Friday as President Barack Obama outlined his Precision Medicine Initiative.

ImageWare Systems Conducting $12 Million Direct Offering

ImageWare Systems Inc., a San Diego-based developer of mobile and cloud-based identity management software, announced a $12 million registered direct offering of convertible preferred stock.

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7 Kearny Mesa Properties Part of $4.28 Billion Auto Dealer Building Deal

Seven Kearny Mesa properties are among 324 auto dealership buildings nationwide recently acquired by New York-based Brookfield Property Partners LP in a $4.28 billion portfolio deal, according to CoStar Group and the buyer.

NewSchool of Architecture to Host World Information Architecture Day Event

NewSchool of Architecture & Design said it has been selected as the West Coast venue for World Information Architecture Day (WIAD) 2015, a global one-day event Feb. 21 that focuses on improving how digital technologies intersect with everyday life.

Mirati Therapeutics Announces Pricing of Public Offering

Mirati Therapeutics Inc., a company developing medicines for targeted oncology, announced the pricing of an underwritten public offering at $45 million.

Cubic Corp. Wins Federal Contract Worth as Much as $500 Million

Cubic Corp. said on Jan. 28 that it won a contract from the Defense Threat Reduction Agency that could be worth as much as $500 million over almost 10 years.

Navy Awards Task Order Worth $61.7 Million to Indus Technology

Indus Technology Inc., based in Old Town, said on Jan. 29 that it won a U.S. Navy task order that could be worth up to $61.7 million if the Navy exercises all of its options.

Anaheim Ducks to Relocate AHL Hockey Team to San Diego

The Anaheim Ducks said the National Hockey League franchise will purchase the Norfolk (Virginia) Admirals of the minor league American Hockey League and relocate the team to San Diego.

Local Economy Forecast to Continue Growing Through End of 2015

An index measuring San Diego’s economy rose 1.3 percent in November, and another 0.8 percent in December, marking seven consecutive months of gains, and signaling continued growth at least through the end of this year.

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Qualcomm Life, Roche Group to Collaborate

Qualcomm Life Inc., the mobile health-focused subsidiary of Qualcomm Inc., announced a collaboration with the Roche Group to innovate remote monitoring and management of patients with chronic diseases.

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San Diego County Hotels Get National Recognition

Several San Diego County hotels recently took national honors in annual rankings and designations by prominent hospitality and travel-related organizations.

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County’s Future Construction Dollar Value Rose 13 Percent in 2014

The value of San Diego County’s contracts for future construction rose 13 percent in 2014 from the prior year, topping $3.9 billion, according to the latest figures from Dodge Data & Analytics, formerly McGraw-Hill Construction.

BofI Holding Reports Record Q2 Net Income of $19.4 Million

BofI Holding Inc., parent company of BofI Federal Bank, the San Diego-based online lender, reported record fiscal 2015 second-quarter net income of $19.4 million, up 47 percent from the like quarter of fiscal 2014.

National Funding Expanding Business to Include Broker Services

National Funding, a San Diego private small business lender, said it expanded its business to include broker services to fund loans.

Qualcomm Reports Record Q1 Revenue, Revises Revenue Forecast

Shares of Qualcomm Inc. dipped more than 9 percent into the $65 range during after-hours trading on Jan. 28 as the company reported record revenue and increased earnings for its first quarter — but decreased its revenue forecast for the second half of the year.