San Diego Business Journal


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Balfour Beatty Completes First Phase of $221.5 Million Detention Facility

The San Diego office of Balfour Beatty Construction recently completed the first phase of the two-phase, $221.5 million Las Colinas Detention and Re-entry Facility in Santee.

Seragon Announces Closing of Its Acquisition By Genentech

San Diego-based Seragon Pharmaceuticals Inc. today announced the closing of its acquisition by Genentech Inc., a member of the Roche Group.

Viejas Proposes Expanding Hotel, Casino

The Viejas Band of Kumeyaay Indians is considering an expansion to its hotel and casino on its reservation near Alpine.

Mapp Biopharmaceutical CEO Discusses Ebola Fight

The elusive CEO of Mapp Biopharmaceutical Inc., the company that delivered an experimental Ebola drug to American aid workers in West Africa, spoke at a panel discussion yesterday afternoon hosted by The Scripps Research Institute.

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Downtown’s Declan Suites Hotel Completes Renovation

Operators recently completed a multimillion-dollar renovation of The Declan Suites hotel, located in the Cortez Hill neighborhood of downtown San Diego.

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Global Hawk Reaches 100,000 Hours Milestone

Aircraft from Northrop Grumman Corp.'s Global Hawk family of unmanned, high-altitude jets recently passed 100,000-hour mark doing what they were built for: combat and related operational support.

City Won’t Appeal Court Ruling on Convention Center Finance Plan

San Diego City Council recently voted 7-0 not to appeal a court ruling that invalidated the funding mechanism for a planned $520 million expansion of the San Diego Convention Center.

OneRoof Energy Secures Equity for $58M Solar Financing Fund

OneRoof Energy Inc., a residential solar services provider and wholly owned subsidiary of One Roof Energy Group Inc., announced today that it has reached an agreement with an unrelated third party securing equity for a $58 million residential solar financing fund.

Turtle Beach, Twitch Extend Partnership

Turtle Beach Corp., a designer of audio products, and Twitch, a live video platform and community for gamers, announced the extension of their exclusive partnership.

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San Diego County Construction Project Values Rise 42 Percent

San Diego County’s contracts awarded for future construction rose 42 percent in value from a year ago in the first seven months of 2014, according to the latest data from McGraw Hill Construction.

Soltek Pacific Construction Gets Navy Deal Worth $6.8M

The U.S. Navy said on Aug. 27 that it awarded Solpac Construction Inc., doing business as Soltek Pacific Construction, a $6.8 million task order to restore, modernize and reconfigure the interior and utilities in the ophthalmology department at Naval Medical Center San Diego.

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San Diego's Life Sciences Get $167M in VC Funding in Q2

Venture capital funding for the life sciences sector reached $2.5 billion in 195 deals nationally for the second quarter of 2014, according to a new report by MoneyTree and PricewaterhouseCoopers, based on data provided by Thomson Reuters.

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California Economic Activity Index Is Up 0.4% in June

Comerica Bank’s California Economic Activity Index grew in June, advancing 0.4 percent to a level of 113.3.

Internet Poker Legislation Not in the Cards This Session

With the end of the legislative session in sight, the author of the remaining Internet poker bill in the California Legislature called it quits, saying he will try again in the 2015-16 session.

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Escondido Apartment Property Sells for $10.8 Million

Vista International Inc. of San Francisco has purchased the 96-unit Tanglewood Apartments in Escondido for approximately $10.8 million, according to CoStar Group and public data.

Tocagen Fills Key Positions in Clinical Development

San Diego-based Tocagen Inc. announced Wayne Saville has been named vice president of clinical development and Mary Rose Keller has been named vice president of clinical operations.

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Governor Park Office Building Sold for $3.9 Million

Locale Advisors Inc. of San Diego has purchased an office building in the city’s Governor Park neighborhood for approximately $3.9 million, according to a statement from the real estate investment firm.

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Mission Valley Office Building Sells for $3.3 Million

West Coast Development of Mission Viejo has purchased a Mission Valley office building for approximately $3.3 million, according to CoStar Group and public data.

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Qualcomm Delegation Meets With Chinese Regulators

Qualcomm Inc. President Derek Aberle and a delegation from the San Diego company met Aug. 21 in Beijing with Chinese regulators in an attempt to resolve concerns raised by the Chinese government.

BAE Systems Gets Navy Ship Repair Contract Potentially Worth $78M

The U.S. Navy said on Aug. 25 that it awarded BAE Systems San Diego Ship Repair a contract for dry-dock work to the Ticonderoga-class cruiser USS Lake Erie.