San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Trigild Appointed Receiver for $17.5 Million Maryland Property

San Diego-based real estate services provider Trigild has been appointed receiver of Centerpointe, a $17.5 million office and industrial park in Landover, Md.

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Airspace Lounge Opens at San Diego International Airport

San Diego International Airport has opened Airspace Lounge, which operators said is the airport’s first and only common-use lounge.

Silvergate Bank Reports Q4 Net Income of $1.68 Million

La Jolla-based Silvergate Bank announced net income of $1.68 million for the quarter ended Dec. 31, 2014, compared with $1.27 million for the like quarter of the previous year.

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Chris Bernard Joins Epic Sciences as Chief Commercial Officer

Epic Sciences Inc., a San Diego-based diagnostics company, announced Wednesday the appointment of Chris Bernard as chief commercial officer.

Report: Venture Capitalists Invested $470M in 53 Deals in First Half of 2014

A new report from CONNECT, the San Diego technology accelerator, said venture capitalists invested $470 million in 53 deals in San Diego during the first half of 2014.

Tandem Diabetes Care to Raise $60 Million in Underwritten Public Offering

Tandem Diabetes Care Inc., a medical device company and manufacturer of insulin pumps, announced in a statement Tuesday that it intends to raise $60 million in an underwritten public offering.

Shareholders Approve Merger of Vibra and Pacific Commerce Bank

Vibra Bank’s and Pacific Commerce Bank’s shareholders separately approved the proposed merger of the two banks first announced in October of 2014.

XIFIN Names James C. Malone Its New CFO

XIFIN Inc., a San Diego-based software and services company dedicated to optimizing the economics of health care, has named James C. Malone as its new chief financial officer.

BofI Holding Announces $50 Million At-the-Market Common Stock Offering

San Diego-based BofI Holding Inc., parent company of BofI Federal Bank, announced the completion of its $50 million at-the-market common stock offering commenced in July 2014 and the initiation of a new $50 million at-the-market common stock offering through the filing of a prospectus supplement with the SEC under BOFI's effective shelf registration statement filed on Feb. 19.

Cubic Global Defense Receives Contract Valued at More Than $65 Million

Cubic Corp. said on Feb. 24 that its Cubic Global Defense unit received a contract valued at more than $65 million; the customer is an army in an unnamed Middle Eastern country.

San Diego Council Approves Controversial One Paseo Project

The San Diego City Council has approved the controversial One Paseo mixed-use development in Carmel Valley, a $750 million project slated to include 1.4 million square feet of retail and office space with 608 condos and apartments.

Navy Awards Northrop Grumman $25.8 Million Contract

The U.S. Navy said on Feb. 23 that it awarded Northrop Grumman Corp. a $25.8 million contract for software work, specifically engineering sustainment and integrated logistics services in support of its MQ-8 Fire Scout helicopter software.

Qualcomm, Timex Collaborate on Smartwatch

AT&T stores are now selling a Timex smartwatch, which the Connecticut watchmaker built in collaboration with Qualcomm Inc.

SAIC Awarded Task Order Worth Up to $62 Million

The Navy’s Space and Naval Warfare Systems Command (SPAWAR) awarded SAIC a task order worth $62 million if all options are exercised. SAIC said.

Ligand Pharmaceuticals Reports 2014 Net Income of $12 Million

Ligand Pharmaceuticals Inc. reported net income of $12 million for the 2014 fiscal year, according to a recent regulatory filing.

Elcelyx Therapeutics Raises $5.8 Million in Financing

Elcelyx Therapeutics Inc., a biotechnology firm developing drugs for weight management and obesity-related metabolic disorders, has raised $5.8 million in a Series D financing round, according to a recent filing with the Securities and Exchange Commission.

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Lemon Grove Apartment Building Sells for $2.95 Million

A buyer recorded as Phx Capl LLC Investment Partnership has acquired a 24-unit Lemon Grove apartment property for $2.95 million, according to Voit Real Estate Services, which represented the buyer and seller.

Local Firm Acquires Phoenix Retail Center for $9.9 Million

San Diego-based asset management firm XREIT has acquired a Phoenix shopping center for $9.9 million on behalf of a local client, the company announced.

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North County Office Portfolio Sells for $113 Million

Brookwood Financial Partners LP of Beverly, Mass., has purchased a three-campus portfolio of seven office buildings in Carlsbad and San Marcos for $113 million, according to CoStar Group and brokers handling the transaction.

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Staffing Company AMN Healthcare Reports Q4 Net Income of $10 Million

The San Diego-based staffing company AMN Healthcare Services Inc. reported fourth-quarter net income of $10 million and net income per diluted share of $0.20. As a result, its stock increased nearly 14 percent to $22.96 per share.