San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

San Diego EDC Campaign Aims to Put Focus on Local Products

The San Diego Regional Economic Development Corp. unveiled a new campaign designed to raise awareness of locally made products.

State Regulators Reject SDG&E Appeal on Net Metering Costs

State regulators have rejected an appeal filed by San Diego Gas &Electric Co. and other investor-owned utilities regarding how much money should be credited to business and residential customers whose rooftop solar panels feed electricity into the state’s power grid.

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New GM Named at San Diego’s Keating Hotel

The Keating Hotel, a 35-room boutique property in downtown San Diego’s Gaslamp Quarter, has named Adam Della Rocca as its new general manager.

Tracon Pharmaceuticals Licenses Two Potential Cancer Therapies

Tracon Pharmaceuticals, a local public company, has licensed two potential cancer therapies from Johnson & Johnson’s Janssen Pharmaceuticals.

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Buyer Acquires Two Downtown Properties for $13.7 Million

A local buyer recorded as 7th Avenue A Street Inc. has acquired two downtown San Diego properties in separate transactions for a total of $13.7 million, according to CoStar Group and public data.

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Studio 2055 Has a New Name: Comet Creative

Thirty years after its founding, Carlsbad-based marketing firm Studio 2055 has changed its name to Comet Creative.

Kratos Receives $17 Million Contract

San Diego-based Kratos Defense & Security Solutions Inc. said that its Technology and Training Solutions unit received $17 million in contract awards. Kratos (Nasdaq: KTOS) did not name the client or clients and offered no contract details.

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Petco CEO Jim Myers Announces Retirement; President Brad Weston Named Successor

Petco announced Tuesday that Chairman and CEO Jim Myers, who has headed the San Diego-based retail chain since 2004, is retiring.

Northrop Grumman Corp. Awarded Two Navy Contracts Worth $350 Million

The U.S. Navy awarded Northrop Grumman Corp. two aircraft contracts worth $350 million over four years, announcing the deals on Sept. 27.

RippleNami Inc. Chosen for Seed Startup Accelerator Program

San Diego-based startup RippleNami Inc. announced it has been selected to participate in a seed startup accelerator program run by St. Louis, Missouri-based Capital Innovators.

U.S. HealthWorks Offers to Bring Flu Shots to Businesses

Starting Oct. 1, San Diego-area employers with 25 or more workers may schedule a visit from a U.S. HealthWorks clinician who can provide on-site flu vaccinations and educational information.

Like BIOCOM, California Life Sciences Association Extends Reach into L.A.

Local trade group California Life Sciences Association is expanding its footprint to Los Angeles, with a new L.A. office and partnerships with LA BioMed and Lab Launch.

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Franz Och Leaves Human Longevity for Illumina's Grail

Franz Och, a former Google executive recruited in 2014 by J. Craig Venter’s Human Longevity, has left the firm for an opportunity with Illumina-backed Grail.

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Cowork Space Operator Level Office Acquires Downtown Office Building

Chicago-headquartered Level Office, which operates membership-based office and coworking spaces, has acquired a downtown San Diego office building, with plans for significant renovations.

Fortis Therapeutics Raises $18 Million in Series A Round

San Diego life science upstart Fortis Therapeutics Inc. has closed an $18 million Series A round led by local venture capital firm Avalon Ventures.

Operators Debuting The Point Waterfront Workspace

Operators plan a Sept. 29 opening for The Point, a new waterfront workspace in Mission Bay providing off-site amenities for corporate meetings, retreats and other business functions.

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Coworking Leader WeWork to Occupy Six Floors of Downtown Building

New York City-based WeWork announced Tuesday that it will open a 90,000-square-foot coworking facility in the heart of downtown San Diego.

STR: Chargers Rank 28th in NFL for Local Hotel Revenue Net Impact

The San Diego Chargers ranked 28th out of 32 NFL teams for net impact on local hotel revenue during the 2015 season, according to the latest in a series of articles tracking the league’s impact on hotels by the research firm STR.

FDA Grants Orphan Drug Designation to Fate Therapeutics Product

Fate Therapeutics Inc.'s lead investigative product, ProTmune, has been granted Orphan Drug Designation by the U.S. Food and Drug Administration.

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Downtown Apartment Tower’s Developer Gets $135M in Refinancing

The developer of the 484-unit Pinnacle on the Park, Phase 1, has obtained $135 million in refinancing for the apartment property in downtown San Diego, according to brokerage firm Kidder Mathews, which arranged the financing.