San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Michael Zucchet Sworn In as Port Commissioner

The Port of San Diego swore in Michael Zucchet as its newest commissioner on June 15. Zucchet represents the city of San Diego on the board.

By Brad Graves June 19, 2017 3:17 p.m. share »
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National City Hotel Rebranded as Ramada after $1M Renovation

A former Clarion Hotel in National City recently reopened under the Ramada banner following a $1 million renovation of the 180-room property at 700 National City Blvd.

By Lou Hirsh June 19, 2017 3:16 p.m. share »

San Marcos' Hunter Industries Acquires Dispensing Dynamics

Hunter Industries of San Marcos said on June 16 that it bought Dispensing Dynamics International, based in the City of Industry.

By Brad Graves June 19, 2017 3:15 p.m. share »

Regents Bank Promotes Friedman to Regional President for San Diego Offices

La Jolla-based Regents Bank, a division of Los Angeles-based Grandpoint Bank, has promoted Stephen Friedman to regional president over the bank’s San Diego County offices.

By Sarah de Crescenzo June 19, 2017 3:14 p.m. share »
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Bankers Hill Apartment Property Sold for $2.39 Million

Robert Miles Living Trust of San Diego has acquired a five-unit apartment property in Bankers Hill for approximately $2.39 million, according to brokerage firm Colliers International Group Inc.

By Lou Hirsh June 19, 2017 3:13 p.m. share »

The Business Calendar for the Week of June 19, 2017

Some of the business events scheduled in the county for the week of June 19, 2017, and beyond.

By Steve Adamek June 18, 2017 1:12 p.m. share »
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Tech Startup PetDesk Raises $2.1 Million

Local tech startup PetDesk has raised $2.1 million in an equity round, according to legal paperwork filed with regulators Thursday.

By Brittany Meiling June 18, 2017 1:09 p.m. share »
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San Diego’s GroundMetrics Inks Deal With Massive Oil Services Firm

A San Diego startup that specializes in the development of electromagnetic sensor systems that gather data about subsurface substances, such as oil and gas, has teamed up with one of the biggest names in the energy industry.

By Sarah de Crescenzo June 18, 2017 1:08 p.m. share »

Holiday Bowl Trades ESPN in for Fox Sports

After 30 years on ESPN, the San Diego County Credit Union Holiday Bowl is moving to Fox Sports for its game broadcast.

By Sarah de Crescenzo June 18, 2017 1:07 p.m. share »

Sorrento Mesa Building Housing USC Research Center Sells for $12.5M

A Beverly Hills buyer has purchased a Sorrento Mesa office building housing the University of Southern California’s Alzheimer’s Therapeutic Research Institute for $12.5 million, according to CoStar Group and public data.

By Lou Hirsh June 18, 2017 1:06 p.m. share »

TuSimple Is First Local Company to Get DMV Permit for Autonomous Vehicle Testing

TuSimple, a Chinese-American company with offices in Beijing and San Diego, has received a California DMV permit to test its autonomous vehicle technology.

By Brad Graves June 18, 2017 1:05 p.m. share »

From Parrot to Pacifiers, Pet X-Rays Have Seen It All

When the X-rays involve pets, the stories get pretty strange. Just ask the people at Sound, the Carlsbad business that makes radiography equipment for veterinarians.

By Brad Graves June 18, 2017 1:01 p.m. share »

LA Firm Acquires Auto Lender CULA

Credit Union Leasing of America, a San Diego-based company that facilitates indirect auto lending for credit unions, has been acquired by Los Angeles-based Westlake Financial Services.

By Sarah de Crescenzo June 18, 2017 1 p.m. share »

Business Owners Remain Optimistic About Local Economy

San Diego’s business community remains optimistic about the economy going forward, according to the latest report from the San Diego Regional Chamber of Commerce, which fields input on a monthly basis from about 200 randomly selected members of San Diego-area chambers of commerce.

By Sarah de Crescenzo June 16, 2017 5:40 p.m. share »

Imperial Beach Apartment Complex Sold for $2.54 Million

A Newport Beach buyer listed as 1193 Florence LLC has acquired a 12-unit apartment complex in Imperial Beach for approximately $2.54 million, according to brokerage firm Apartment Consultants Inc. (ACI).

By Lou Hirsh June 16, 2017 5:35 p.m. share »

Business Calendar for Week of June 19, 2017

Some of the business events scheduled in the county for the week of June 19, 2017, and beyond.

By Steve Adamek June 16, 2017 12:44 p.m. share »
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S.D. Startup Guru Wins $225K at Qualcomm Ventures Event

San Diego startup Guru Inc. scored $225,000 in cash and professional services for winning a pitch competition Thursday night put on by startup leaders and Qualcomm Ventures.

By Brittany Meiling June 16, 2017 11:48 a.m. share »

S.D. Company Gets DMV Permit to Test Autonomous Vehicle

TuSimple, a Chinese-American company with offices in Beijing and San Diego, has received a California DMV permit to test its autonomous vehicle technology.

By Brad Graves June 16, 2017 11:13 a.m. share »

Qualcomm's Bid for NXP Clears Another Hurdle

Taiwanese regulators have approved Qualcomm Inc.’s proposed acquisition of NXP Semiconductors N.V. The news means Qualcomm’s $38 billion acquisition has cleared one more hurdle — though it is by no means the last.

By Brad Graves June 15, 2017 3:11 p.m. share »
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Loan Delinquency Forces Park Hyatt Aviara Resort Back into Special Servicing

Ownership of the Park Hyatt Aviara Resort in Carlsbad has been transferred to a special-servicing entity for at least the second time in recent years, due to loan delinquency issues encountered by its owners. The property at 7100 Aviara Resort Drive remains open for business.

By Lou Hirsh June 15, 2017 2:14 p.m. share »