San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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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.

National University, San Diego Co. Are Part of Telehealth Project

La Jolla-based National University announced it is collaborating with a pair of telehealth companies, including a locally based wireless device developer, to connect patients in Los Angeles County with nurse practitioners working remotely.

General Atomics Contracts With Lockheed Martin

General Atomics’ Electromagnetic Systems unit said it received a contract to provide battery systems to defense giant Lockheed Martin, which is building dry combat submersibles for the U.S. Special Operations Command.

Imprimis Pharmaceuticals Cuts Staff, Closes Texas Facility

San Diego’s Imprimis Pharmaceuticals, a maker of compounded drugs, is reducing its expenses in hopes of reaching near-term profitability, the company announced Monday.

Software Firm Certona Raises $30 Million in New Round

San Diego software writer Certona said it received $30 million in new investment.

Two Local Realtors Fall Victim to a Different Kind of 'Identity Theft'

Two innocent San Diego Realtors have gotten caught up in an apparent venture capital scam exposed in an intriguing story published online at Fortune.com.

Allergan Acquires Akarna Therapeutics Inc. for $50 Million

Pharmaceutical giant Allergan Plc has acquired Akarna Therapeutics Inc. for $50 million.

Scripps Set to Open Barbey Family Emergency and Trauma Center on Sept. 26

Scripps Health unveiled a $33 million, 33,000-square-foot emergency and trauma center set to open Sept. 26 on the first floor of the Prebys Cardiovascular Institute on the campus of Scripps Memorial Hospital La Jolla.

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Mission Valley Retail Center Sells for $14 Million

An affiliate of Los Angeles-based Gershman Properties LLC has purchased a Mission Valley strip retail center for $14 million, according to CoStar Group and public data.

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Rancho Bernardo Industrial Building Brings $7.4 Million

San Diego buyers recorded as McEwen-Otay LLC and MP McEwen I LLC have acquired a Rancho Bernardo industrial building for $7.4 million, according to brokerage firm Colliers International Group Inc.

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RAR Hospitality Adds New San Marcos Hotel to Portfolio

Hotel management and consulting firm RAR Hospitality Inc. has assumed management duties at the new 116-room Fairfield Inn & Suites in San Marcos, which is under construction and slated for a January 2017 opening.

Apricus Biosciences Plans to Raise $4.6M in Direct Offering of Common Stock

San Diego biopharma Apricus Biosciences Inc. is expected to raise $4.6 million in a direct offering of its common stock to institutional investors, the company said Sept. 23.

The Business Calendar for the Week of September 26, 2016

Some of the business events planned in the county for the week of September 26, 2016, and beyond.

Sempra Subsidiary Ienova Receives Official Clearance to Buy Interest in Mexican Company

Sempra Energy said Sept. 21 its Mexican subsidiary, Ienova, has received antitrust clearance to buy a 50 percent equity interest in pipeline builder and operator Gasoductos de Chihuahua.

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Del Taco Signs Franchisee for Five Upcoming San Diego Locations

Del Taco Restaurants Inc. has signed an agreement with Rancho Cucamonga-based franchisee Bajwa Group, which plans to open five new San Diego County locations by 2020. Financial terms were not disclosed, and locations have not been announced.

San Diego Leads State in Pending Home Sales for August

The San Diego area led the state in pending home sales in August, the California Association of Realtors reported Sept. 22.

Oceanside Glasstile Acquires Spectrum Glass

Carlsbad-based manufacturer Oceanside Glasstile announced it has acquired certain assets of Spectrum Glass Co. Inc., an art glass maker based in Woodinville, Wash.

Scripps' Barbey Family Emergency and Trauma Center Set to Open Sept. 26

Scripps Health unveiled a $33 million, 33,000-square-foot emergency and trauma center set to open Sept. 26 on the first floor of the Prebys Cardiovascular Institute on the campus of Scripps Memorial Hospital La Jolla.

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Rancho Bernardo Industrial Building Sold for $7.4 Million

San Diego buyers recorded as McEwen-Otay LLC and MP McEwen I LLC have acquired a Rancho Bernardo industrial building for $7.4 million, according to brokerage firm Colliers International Group Inc.

Local Realtors Fall Victim to a Different Kind of 'Identity Theft'

Two innocent San Diego Realtors have gotten caught up in an apparent venture capital scam exposed in an intriguing story published online at Fortune.com.