San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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RAF Pacifica Group Buys San Marcos Industrial Property for $3.75M

Encinitas-based RAF Pacifica Group has purchased a San Marcos industrial property for approximately $3.75 million, with plans to complete significant renovations, according to brokerage firm Lee & Associates.

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Faulconer Proposes Hotel Tax Hike to Expand Convention Center

Mayor Kevin Faulconer has proposed increasing the city’s hotel room tax via a public ballot measure in 2018, to finance a long-sought expansion of the San Diego Convention Center.

S.D. Credit Unions Have That New Car Smell

San Diegans sure love their cars — especially new ones.

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DexCom CGM Device Is First of Its Kind to Get Medicare, Medicaid Reimbursement

Shares of locally-based DexCom Inc. skyrocketed 26 percent January 13 following news that patients will have easier access to the medical device maker’s lead product.

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Ramona Apartment Complex Sells for $4M

Investor David Sterling of San Diego has acquired a 28-unit apartment property in Ramona for approximately $4 million, according to brokerage firm Apartment Consultants Inc. (ACI)

GA ASI Receives $24M Foreign Military Sale

General Atomics Aeronautical Systems Inc., the maker of unmanned military aircraft, received a $24 million delivery order for logistics support to company customers in France.

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RAF Pacifica Group Buys a San Marcos Industrial Property for $3.75M

Encinitas-based RAF Pacifica Group has purchased a San Marcos industrial property for approximately $3.75 million, with plans to complete significant renovations, according to brokerage firm Lee & Associates.

Vista-Based Access Biologics Sells Minority Stake for $51 Million

Local biotech Access Biologics has sold a minority stake of the company for $51 million to Barcelona-based pharmaceutical and chemical firm, Grifols.

Kleinfelder to Oversee $125 Million Oil Refinery CleanUp

Kleinfelder announced Thursday its selection by a Fortune 500 petroleum client to oversee a $125 million environmental clean-up program in New Jersey.

AnaptysBio Hires CFO, Signals Intent for IPO

San Diego biotech AnaptysBio has hired a chief financial officer and signaled to the U.S. Securities and Exchange Commission that it plans to go public.

Tridea Partners Acquired by Danish Company for $8.7 Million

San Diego business services provider Tridea Partners LLC has been acquired by the Norwell, Mass.-based subsidiary of Danish company Columbus IT.

UC San Diego Receives $10.5 Million From Swiss Foundation

The University of California, San Diego will receive $10.5 million from Switzerland’s Family Larsson-Rosenquist Foundation to research the mysteries of human breast milk.

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These Were the Biggest Industrial Deals of 2016

San Diego County’s industrial property market ended 2016 with a historically low 5.1 percent vacancy rate, according to the latest quarterly data from CoStar Group.

Larry Paulson Named President of Qualcomm India

Qualcomm Inc. announced this week that it appointed Larry Paulson as president of Qualcomm India.

Mayor Faulconer: Chargers Will Regret Decision to Exit San Diego

Reacting to the San Diego Chargers’ announced move to Los Angeles, a frustrated Mayor Kevin Faulconer said team owner Dean Spanos “made a bad decision” that he will come to regret.

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Chargers’ Departure Leaves a Big Hole to Develop

It could hardly be called surprising, but the San Diego Chargers have now made it official: the football team is leaving for Los Angeles after more than a half-century in San Diego.

Callaway Golf Acquires Ogio International for $75.5 Million

Carlsbad-based Callaway Golf Co. announced on Jan. 11 that it acquired Utah-based Ogio International Inc. for $75.5 million cash.

Petco Cutting 180 Positions

Petco Animal Supplies Inc. is cutting 180 jobs, company spokeswoman Lisa Stark confirmed Wednesday. The company declined to say what jobs were being cut or where.

Venture Capitalists Liked These 10 S.D. Companies Best

During 2016, San Diego saw 103 venture capital investments for a total of about $1.28 billion, according to a MoneyTree report released this week by PwC and CB Insights.

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Pinnacle Buys Three Downtown Properties for $8.5 Million

An affiliate of Vancouver, B.C.-based Pinnacle International has acquired three industrial and retail properties in downtown San Diego, currently housing a Bridgestone auto repair and retail facility, for $8.5 million, according to CoStar Group and public data.