San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Qualcomm and Medtronic Team Up on Disposable Diabetes Tech

Qualcomm Life, the San Diego healthtech subsidiary of Qualcomm Inc., is teaming up with Medtronic Plc to develop disposable glucose monitoring systems for type 2 diabetes patients.

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Miramar Office Buildings Sold for $6.63 Million

A La Jolla buyer recorded as Tierra Grande 3B LLC has purchased three Miramar office buildings for a total of approximately $6.63 million, according to CoStar Group and public data.

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Retired Navy Vice Admiral to Lead Cubic Corp.'s Global Defense Unit

Cubic Corp. said May 25 that it promoted David Buss to president of its Cubic Global Defense business unit. He replaces Bill Toti, who is leaving the company to pursue other career opportunities.

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Construction Starts on $45M Mixed-use Project in East Village

The Richman Group of California Development Co. has started construction on F11, a $45 million mixed-use apartment project in downtown San Diego’s East Village.

UC San Diego Key Partner in New Binational Institute

Advanced materials able to withstand extreme environments are the focus of a new binational institute inaugurated May 24.

ViaSat Inc. Reports Q4 Net Income of $4.5 Million

ViaSat Inc., the Carlsbad company that sells satellite electronics and services to government and commercial markets, reported net income of $4.5 million (9 cents per share) on revenue of $372.0 million in the fourth quarter ended March 31. The business reported its earnings on May 24.

La Jolla-Based Innovus Acquires Texas Firm

La Jolla’s Innovus Pharmaceuticals Inc., a commercial-stage drug company that makes over-the-counter medicine, has acquired Austin, Texas-based Beyond Human for $630,000 in cash.

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Claire Long Named CFO at BlueHornet

BlueHornet, a San Diego-based email marketing software and services provider, announced Claire Long as its new chief financial officer.

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North San Diego Business Chamber Names Its Board of Directors

North San Diego Business Chamber announced Keith Wilschetz will be the chairman of its board of directors for the 2016-2017 term.

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Third Local Gelson’s Store Debuting in Pacific Beach

Gelson’s Markets plans a May 26 opening for its store in northern Pacific Beach, which will be the third San Diego County location for the Encino-based specialty grocer.

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MDRejuvena Appoints Kriech as President and CEO

San Diego skin care firm MDRejuvena Inc. has appointed Randy Kriech as president and CEO of the company.

California Chamber Announces Opposition to Two November Ballot Measures

The California Chamber of Commerce announced Monday that it is opposing a likely November ballot measure to extend the income tax increase of Proposition 30 until 2031. The group said it also opposes an initiative that would impose a cap on total annual compensation paid to certain hospital executives.

LRAD Corp. Reports Q2 Revenue of $3.6 Million

LRAD Corp., the Rancho Bernardo maker of specialized loudspeakers used by militaries, law enforcement and governments, reported a net loss of $665,000, or 2 cents per share, on revenue of $3.6 million in the second quarter of fiscal 2016, which ended March 31. An income tax benefit of $547,000 cushioned the loss.

Navy Awards General Dynamics NASSCO One-Year Contract Worth Up to $83.5 Million

The U.S. Navy awarded General Dynamics NASSCO a one-year contract extension for littoral combat ship sustainment. The deal could be worth up as much as $83.5 million.

Mesa Biotech Appoints CFO, SVP of Operations

San Diego-based Mesa Biotech Inc., a privately held, molecular diagnostic company, announced the appointment of Tom Willardson as chief financial officer and John Monroe as senior vice president of operations.

Ionis Pharmaceuticals, Texas Cancer Center to Partner

One of San Diego County’s biggest drugmakers is teaming up with a cancer center in Texas to tackle new strategies in oncology.

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Kearny Mesa Medical Office Building Sold for $4 Million

A buyer recorded as 2100 Fifth Avenue LLC of San Diego has acquired a Kearny Mesa medical office building for $4 million, according to brokerage firm JLL.

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La Mesa Office Building Sells for $3.5 Million

La Mesa Business Associates Real Estate General Partnership has acquired a multi-tenant office building in La Mesa for $3.5 million, according to brokerage firm SVN Asset Advisory Group.

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Carlsbad Firm Buys Flagstaff Apartments for $58.7 Million

Carlsbad-based Red Rock Investment Management has acquired a two-building apartment portfolio in Flagstaff, Ariz., with a total of 419 units, for approximately $58.7 million, the company announced.

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OncoSec to Raise $10 Million in Stock Offering

San Diego-based OncoSec Medical Inc. will sell about $10 million of its common stock to a single health care institutional fund, the company announced Monday.