San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

BioNano Genomics Reports Raising $68.5 Million in Financing

San Diego-based BioNano Genomics Inc., a genome-mapping device company, has raised $68.5 million in financing, according to a recent filing with the Securities and Exchange Commission.

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Carlsbad Industrial Property Sold for $5.72 Million

Heitman Holdings Inc. of Anaheim is the new owner of a Carlsbad industrial building housing Oceanside Glasstile. The property at 2293 Cosmos Ct. was purchased for approximately $5.72 million, according to CoStar Group.

Car-Sharing Company Upgrades and Expands Fleet

Car-sharing company Car2Go N.A. LLC announced Tuesday that its more than 30,000 San Diego members will have access to a new electric smart fleet starting Wednesday.

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Vista Retail Center Sold for $7.5 Million

A buyer recorded as Los Altos XV LP of Anaheim has acquired Vista Retail Center in Vista for $7.5 million, according to CoStar Group and public data.

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San Marcos Apartment Property Sold for $27 Million

Alva Gardens LP of San Diego has purchased the 108-unit Alta San Marcos apartment property in San Marcos for $27 million, according to CoStar Group and public data.

RF Industries' President Johnny Walker Gets CEO Title

RF Industries Ltd. said its president, Johnny Carl Walker, will now also serve as the company's chief executive officer.

Two Businesses Chosen to Work on Five-Year Navy Contract

The U.S. Navy tapped two San Diego businesses — BAE Systems Information Solutions Inc. and Information Systems Laboratories Inc. — to work on intelligence-exploitation and targeting systems over the next five years.

USD, UCSD MBA Programs Ranked Among World's Best

The Financial Times has named the MBA programs at the University of San Diego and the University of California, San Diego as among the 100 best in the world.

Youngevity Raises $5 Million in Equity, Debt Financing

Youngevity International Inc., a global direct marketer of nutritional and lifestyle products and producer of gourmet coffees, has raised $5 million in equity and debt financing, according to a recent filing with the Securities and Exchange Commission.

Illumina Reports Fourth-Quarter Net Income of $153.3 Million

San Diego-based Illumina Inc. reported fourth-quarter net income of $153.3 million, or $1.03 per share, up from $80.7 million, or $0.56 per share, last year.

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City Approves $91.3 Million Deal to Acquire Downtown Office Tower

San Diego City Council has approved a 20-year, $91.3 million lease-to-own deal, in which the city will eventually acquire the downtown San Diego office building known as Civic Center Plaza.

San Diego Private Bank Posts Q4 Net Income of $734,000

San Diego Private Bank reported 2014 fourth-quarter net income of $734,000, compared to net income of $2 million for the like quarter of 2013.

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San Diego International Airport Set Passenger Record in 2014

San Diego International Airport served a record 18.7 million passengers during 2014, the highest total seen since 2007, officials recently reported.

Pentagon Awards General Atomics $36.5 Million Contract Modification

The Pentagon awarded La Jolla-based General Atomics more work on a power system for the Navy’s nascent electromagnetic railgun project — which military leaders say will be able to hurtle a projectile 83 miles a minute.

Tony Karklins Named General Manager of BST Bikes

BST Nano Carbon, a Rancho Bernardo manufacturer that uses advanced composite materials, named Tony Karklins general manager of BST Bikes LLC, the company’s cycling division.

Pentagon Awards Cubic Corp. Deal Worth Up to $9.9 Million

Cubic Corp. said on Jan. 26 that it received a five-year deal to provide as much as $9.9 million worth of support to the Air Force Research Laboratory at Wright-Patterson Air Force Base in Ohio.

DexCom Gets FDA Approval for Glucose-Monitoring Mobile App

DexCom Inc., a San Diego-based medical device company, announced that it has received U.S. Food and Drug Administration approval for a continuous glucose-monitoring system with data-sharing capabilities.

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Brand USA Tourism Agency Shoots Promo Spots in San Diego

San Diego County sites were on the itinerary for a recent series of video shoots by Brand USA, a nationwide public-private partnership that promotes global tourism in the United States.

Aspyrian Therapeutics Raises $8.45 Million in Equity Financing

Aspyrian Therapeutics Inc., a San Diego-based biotechnology startup, has raised $8.45 million in equity financing, according to a recent filing with the Securities and Exchange Commission.

EDF Renewable Energy Announces Commercial Operation of Hereford Wind Project

San Diego-based EDF Renewable Energy announced recently that the 200-megawatt Hereford Wind Project in Texas reached commercial operation in December. In addition, tax equity financing closed with BNY Mellon and MUFG Union Bank N.A. Financial details were not disclosed.