San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Nomination Deadline Extended for 2016 Manufacturing Awards

The San Diego Business Journal is now accepting nominations for the 2016 Manufacturing Awards, which honors companies and individuals within the San Diego community in the manufacturing industry.

Good Source Solutions Acquires Louisiana-Based Pon Food Corp.

Carlsbad food distributor Good Source Solutions has acquired Pon Food Corp., a Louisiana-based frozen food distributor, for an undisclosed price.

GA-ASI Awarded $31.8 Million Air Force Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $31.8 million delivery order for ground-control stations.

Tease photo

Bay Club Buys Fairbanks Ranch Country Club

The Bay Club Company of San Francisco has acquired Fairbanks Ranch Country Club in Rancho Santa Fe, but the parties were not immediately disclosing the purchase price.

Tease photo

Vista Apartment Complex Sold For $24.2 million

The Mogharebi Group (TMG) has completed the sale of Mesa Garden, a 124‐unit apartment complex, for $24.2 million. The buyer was a private investment group based in San Diego.

Tease photo

Rachna Kumar Named Dean of Alliant School of Management

Rachna Kumar has been appointed dean of Alliant School of Management at Alliant International University.

County Supervisors Vote for Study on Lilac Hills Ballot Measure

The San Diego County Board of Supervisors has voted to have staff study a proposed November ballot measure on the controversial Lilac Hills Ranch development, which recently qualified for the ballot following an initiative petition drive by supporters.

Tease photo

Synthetic Biology Firm Synthorx Raises $10 Million

Synthorx Inc., a synthetic biology company in San Diego, raised $10 million in a Series B financing, the company announced Wednesday.

Tease photo

Coronado Retail Properties Sell for $5.2 Million

A local buyer recorded as 820 Orange Av LLC has acquired a two-building retail property portfolio in Coronado for $5.2 million, according to CoStar Group and public data.

TPT Global Technology Acquires Assets of Goodwin Global

TPT Global Technology Inc., a downtown San Diego-based telecommunications company, said July 19 that it acquired the assets of Goodwin Global, an international wholesale telecom carrier. Financial terms of the deal were not disclosed.

Median Home Price in San Diego: $594,430

San Diego’s median price for an existing single-family home in June was up 4.4 percent from a year ago, according to the California Association of Realtors. However, month-over-month price growth was minimal, landing at $594,430, 0.4 percent higher than in May.

Tease photo

Bank Building in Carlsbad Sold for $8.82 Million

An affiliate of Irvine-based Sperry Commercial has acquired a Carlsbad office building housing Bank of America for approximately $8.82 million, according to CoStar Group and public data.

SpectraScience Inc. Signs Deal With Middle East Distributor

San Diego’s SpectraScience Inc., a medical device company using light technologies to detect and diagnose cancers, has signed a distribution agreement with Advanced Medical German Co. (AMG) in Kuwait to be its exclusive distributor in the Middle East.

San Diego Humane Society Appoints Brehler Chief Operating Officer

San Diego Humane Society announced the promotion of Jennifer Brehler to the role of chief operating officer for the organization.

Port of San Diego Tenants Get $5.9 Million State Grant

Tenants at the Port of San Diego received a $5.9 million state grant to help them roll out all-electric freight vehicles — such as big-rig tractors and forklifts — meant to take the place of diesel-powered vehicles.

Ionis Pharmaceuticals Inc. Earns $10 Million From Janssen Biotech

Carlsbad drugmaker Ionis Pharmaceuticals Inc. has earned $10 million from Janssen Biotech Inc. by licensing out its gastrointestinal (GI) drug candidate, IONIS-JBI1-2.5Rx.

Seacoast Commerce Banc Holdings Posts Q2 Net Income of $1.78 Million

Net income for Seacoast Commerce Bank corporate parent Seacoast Commerce Banc Holdings was nearly $1.78 million in the second quarter of 2016, a 30.4 percent increase compared to the second quarter of 2015.

5D Robotics Inc. Acquires Alabama-Based Time Domain

Carlsbad-based 5D Robotics Inc. announced on July 18 that it acquired Time Domain, a business based in Huntsville, Ala. Financial terms of the deal were not disclosed.

Tease photo

Developer Secures Financing for North Park Apartment Project

San Diego-based Wright Real Estate Management and Development has secured financing for a planned $11 million apartment project in North Park.

Nomination Deadline Extended for the 2016 Manufacturing Awards

The San Diego Business Journal is now accepting nominations for the 2016 Manufacturing Awards, which honors companies and individuals within the San Diego community in the manufacturing industry.