San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

PriceSmart Acquires Land for Second Warehouse Club in Nicaragua

San Diego-based PriceSmart Inc. announced that it acquired approximately 288,580 square feet of land in Managua, Nicaragua, upon which the company plans to construct a new warehouse club.

Qualcomm Posts Q2 Net Income of $1.05 Billion

Qualcomm Inc. reported net income of $1.05 billion, or 63 cents per share, on revenue of $6.9 billion during its second quarter, which ended March 29.

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Otay Mesa Industrial Buildings Sold in $42.5 Million Deal

An affiliate of San Francisco-based Stockbridge Capital Group LLC has acquired a 14-building portfolio of Otay Mesa industrial properties for approximately $42.5 million, according to CoStar Group and public data.

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Carlsbad Apartment Property Sold for $39.7 Million

An affiliate of Rancho Santa Fe-based Pacifica Real Estate Services Inc. has purchased the 66-unit BluWater Crossing apartment property in Carlsbad for $39.7 million, according to CoStar Group and public data.

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Hughes Marino Opens 2 Northern California Offices

Hughes Marino, a San Diego-based commercial real estate services provider, has opened two new offices in Northern California and announced an expansion and relocation of one of its Los Angeles offices.

General Dynamics Nassco's 100th Ship Launch Is a Unique One

General Dynamics Nassco recently launched the world’s first liquefied natural gas powered containership at a ceremony at the company’s shipyard in San Diego.

Edico Genome Collaborating With Intel Corp.

Edico Genome Inc., a La Jolla-based tech startup, announced Tuesday that it’s collaborating with Intel Corp. to speed up next-generation sequencing data analysis.

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Alliance Residential Opens Two New Local Apartment Communities

Nationwide apartment developer Alliance Residential Co. recently opened two newly built properties in San Diego – the 100-unit Broadstone Balboa Park in Bankers Hill and the 360-unit Broadstone Corsair in Kearny Mesa.

GlycoRegImmune Raises $4.38 Million in Equity Financing

GlycoRegImmune Inc. (GRI Bio), a biotech developing treatments for inflammatory disease, recently raised $4.38 million in equity financing, according to a recent regulatory filing.

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Hilton Carlsbad Oceanfront Resort Rebranded as Cape Rey

Hilton Carlsbad Oceanfront Resort & Spa is being rebranded and will officially operate as Cape Rey as of April 30.

General Dynamics Nassco Gets One-Year Navy Contract Worth $24.2M

The Pentagon announced April 21 that the U.S. Navy awarded General Dynamics Nassco a one-year, $24.2 million contract to sustain Littoral Combat Ships in the port of San Diego.

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Otay Mesa Industrial Building Sold for $6.5 Million

An entity recorded as Stockbridge San Diego Indl Ll has acquired an Otay Mesa industrial property for $6.5 million, according to CoStar Group and public data.

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Retired Rear Admiral Jan Hamby Named to Cubic Board

Cubic Corp. announced on April 20 that it named Jan Hamby to its board of directors.

DJO Announces Q1 Financial Results

DJO Global Inc., a medical device company in San Diego, announced Monday the financial results for its public reporting subsidiary, DJO Finance LLC, for the 2015 first quarter.

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Vista Industrial Property Sells for $5.9 Million

Nordic Naturals Inc. of Watsonville has purchased a Vista industrial building for approximately $5.9 million, according to CoStar Group and public data.

Cyber Security Focus of Three-Day Symposium

Military communications and cyber security take center stage during the C4ISR Symposium, set for April 27-29 at the Liberty Station Conference Center in Point Loma.

San Diego Hires Citigroup, Nixon Peabody for Stadium Finance Talks

The city of San Diego has hired investment banker Citigroup Inc. and law firm Nixon Peabody LLP to help local officials develop financing options for a potential new San Diego Chargers stadium.

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San Diego Ranks Fifth in National Retail Market Report

San Diego placed fifth in the latest annual report by commercial real estate services provider Marcus & Millichap Inc., ranking the nation’s strongest retail property markets.

18 Local Businesses to Get Tax Credits From GO-Biz

Eighteen San Diego County businesses will receive $20.24 million in state tax credits through the governor’s Office of Business and Economic Development (GO-Biz) for creating 4,311 new jobs.

Trovagene's Platform Outperforms Tissue Biopsy

Trovagene Inc., a cell-free molecular diagnostic company, announced that recent clinical data showed its urine-based Precision Cancer Monitoring platform outperformed traditional tissue biopsy for the detection and monitoring of specific mutations in metastatic lung cancer patients.