San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

National University Receives $20M Donation to Support Sanford Education Programs

National University announced an anonymous $20 million gift for the national expansion of the Sanford Education Programs. The gift — the largest in the university’s history — combined with a 50 percent matching contribution of $10 million from National University, raises the total amount dedicated to initiatives that support PreK-12 student learning and development to $30 million.

Sound United Moves Some Operations to West Coast

Audio company Sound United, a division of DEI Holdings, has moved several operations from its Baltimore location to its facility in Vista.

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Pathfinder Partners Closes Sales of Multifamily Properties for $16.2 Million

San Diego-based Pathfinder Partners LLC, specializing in real estate investments, announced it completed the sales of an $8.7 million, 96-unit apartment property in Phoenix and a 78-unit apartment community in Seattle for $7.5 million.

Japanese Firm First to Use Qualcomm's Sense ID Platform

NTT DOCOMO Inc., Japan’s largest mobile telecom carrier, will be the first to use Qualcomm Inc.’s Sense ID biometrics platform, Qualcomm said on May 25.

Cubic Corp. Gets $5.5 Million Contract with Canadian Army

Cubic Corp. has announced a contract with the Canadian army valued at more than $5.5 million.

Boost Academy Closes $600K Seed Round of Financing

Boost Academy, Inc., developer of an interactive math tutoring platform for the iPad, announced that it has successfully closed a $600,000 seed round of financing.

IBM VP Joins Grant Thornton's San Diego Office

Chicago-based tax and advisory firm Grant Thornton LLP said Tuesday it was adding a former IBM vice president to its San Diego office as a principal in its advisory practice.

Kilroy Announces Compromise With Community Groups on One Paseo Project

Kilroy Realty Corp. and three community groups announced that they have reached a compromise that allows a scaled-down version of the One Paseo mixed-used development project to move forward.

Corporate Wellness Symposium Being Held May 27

Deepak Chopra, the well-known alternative medicine practitioner, is launching the 2015 Corporate Wellness Symposium, a day-long seminar for HR executives and wellness practitioners in Carlsbad on May 27 at the LaCosta Resort and Spa.

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Gregory Lucier Named Permanent CEO at NuVasive

NuVasive, Inc., a leading medical device company, announced that Gregory T. Lucier has been appointed chief executive officer, effective immediately. Lucier has been serving as interim CEO since April and will continue as chairman of the NuVasive board of directors.

County Unemployment Rate Is Lowest Since 2007

San Diego’s unemployment rate fell to 4.8 percent in April, the lowest since December 2007, according to California Employment Development Department figures released on April 22, below the California unemployment rate of 6.3 percent and the national rate of 5.1 percent.

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Kratos Shareholders Re-Elect Board, Pass Advisory Measure on Executive Compensation

Shareholders of Kratos Defense & Security Solutions Inc. re-elected the company’s board and approved an advisory measure on executive compensation during the company’s annual meeting May 20.

The Business Calendar for the Week of May 25, 2015

Some of the business events planned for the week of May 25, 2015, and beyond.

Tribune Publishing Co. Completes Acquisition of U-T San Diego

Tribune Publishing Co. recently announced that it has completed the acquisition of MLIM LLC, owner of the San Diego Union-Tribune, as well as nine community weeklies and related digital properties in San Diego County.

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Poway Hotel Property Sells for $4.5 Million

MNC Hospitality Inc. of Los Angeles has purchased the 43-room Best Western Country Inn hotel in Poway for $4.5 million, according to CoStar Group and public data.

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Hillcrest Retail Building Brings $2.38 Million

Ohio Street Villas Group LLC has purchased a Hillcrest retail building for approximately $2.38 million, with plans to renovate it for retail, restaurant and office uses, according to brokerage company Colliers International.

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Bankers Hill Office Building Sells for $2.97 Million

Penhun Limited Partnership and the Cohen Family Trust recently purchased the Park West Square office property in Bankers Hill for approximately $2.97 million, according to brokerage company Marcus & Millichap Inc.

County Unemployment Rate Drops to 4.8%

San Diego’s unemployment rate fell to 4.8 percent in April, the lowest since December 2007, according to California Employment Development Department figures released on April 22, below the California unemployment rate of 6.3 percent and the national rate of 5.1 percent.

Tribune Publishing Announces Completion of The San Diego Union-Tribune Acquisition

Tribune Publishing Co. recently announced that it has completed the acquisition of MLIM LLC, owner of the San Diego Union-Tribune, as well as nine community weeklies and related digital properties in San Diego County.

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Bankers Hill Office Building Sells for $2.97M

Penhun Limited Partnership and the Cohen Family Trust recently purchased the Park West Square office property in Bankers Hill for approximately $2.97 million, according to brokerage company Marcus & Millichap Inc.