SD BUSINESS JOURNAL DAILY ENEWS
BofI Holding Inc., the parent company of San Diego-based BofI Federal Bank, reported third quarter net income of $21 million on Thursday, its 13th consecutive quarter of record-high earnings.
HP Partners LLC of San Diego has acquired a 36-unit apartment property in North Park for $6.75 million, according to brokerage company South Coast Commercial Inc.
San Diego-based Retail Opportunity Investments Corp. posted revenue of $45.1 million in its first quarter ending March 31, an increase of 24 percent from the same period of 2014.
Isis Pharmaceuticals Inc. announced that it has earned a $10 million milestone payment from Biogen Inc. associated with the validation of an undisclosed target to treat a neurological disorder.
An affiliate of San Diego-based Phase 3 Real Estate Partners Inc. has purchased two University Towne Center office buildings for a total of approximately $51.6 million, according to CoStar Group and public data.
Viking Therapeutics Inc. priced its revised initial public offering Wednesday, offering 3 million shares of common stock at $8 per share to raise $24 million.
The Rincon Band of Luiseño Indians said in early April that it will pay local government $9.5 million for road improvements. The move follows completion of the $160 million expansion of Harrah’s Resort Southern California, on the Rincon reservation near Valley Center, in 2014.
DW Bonita Road LLC of Bonita has purchased a Bonita office building for $2.95 million, according to CoStar Group and public data.
Comerica Bank’s California Economic Activity Index held flat in February, maintaining a level of 119.4, as it did in January.
San Diego-based Renovate America, a provider of Residential Property Assessed Clean Energy (PACE) financing in the U.S., announced the completion of its third securitization of PACE Bonds by issuing $240.1 million in Class A Notes rated AA by Kroll.
Dexcom Inc., a company that makes continuous glucose monitoring devices for patients with diabetes, reported a net loss of $12.9 million on revenue of $72.8 million for the first quarter of 2015 – a 55 percent growth in revenue year-over-year.
Certain technophiles are calling Cubic Corp. a game changer.
Strategic Hotels & Resorts Inc. is selling the 417-room Hyatt Regency La Jolla for $118 million, the Chicago-based company announced.
Scripps Health’s Medical Response Team will be deploying to Nepal to aid in earthquake relief efforts under the auspices of the International Medical Corps (IMC).
San Diego’s economic barometer rose again in March.
LRAD Corp., which produces highly directional devices that send high-volume sound over very long distances, said it received $560,000 in orders for two units under a U.S. Navy contract.
Cushman & Wakefield announced the sale of the Marquis at Hillcrest for $13.7 million to Littletown Realty LLC.
Huya Bioscience International LLC has raised $48 million in debt financing, according to a recent filing with the Securities and Exchange Commission.
San Diego-based Luna Grill, a Mediterranean restaurant chain, announced that Sean Allameh has joined its leadership team as chief operations officer.
Six San Diego State University students snagged a top prize for their plans to build a movie theatre and parking structure on a 13-acre property in Encanto Hills, the school said Tuesday, part of a citywide competition to come up with the best ideas for how to develop the hilly land and still turn a profit.