San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Business Calendar for Week of Aug. 25

Some of the business events planned in the county for the week of Aug. 25, 2014.

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Peregrine Stock Soars on News of Planned Sale to Japanese Company

Shares of San Diego-based Peregrine Semiconductor Corp. rose 60 percent early Aug. 22 on news that Japan-based Murata Manufacturing Co. Ltd. planned to buy the company for $471 million.

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San Diego Chargers' Worth Is Put at $995 Million

The value of the San Diego Chargers increased by $46 million or 5 percent over the past year to $995 million, according to the annual Forbes report on the National Football League.

113 San Diego County Companies Make Inc's Fastest Growing List

A total of 113 companies based in San Diego County made the 2014 Inc. Magazine’s 5000 Fastest Growing Companies list.

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Work Begins on $28 Million Science Building at Point Loma Nazarene

General contractor Rudolph and Sletten Inc. has begun site work for a new $28 million science building at Point Loma Nazarene University, with demolition of existing buildings underway on the San Diego campus.

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Encinitas Restaurant Building Sells for $6.5 Million

PS2 Pacific LLC of Solana Beach has purchased a vacant beachfront restaurant building in Encinitas for $6.5 million, according to CoStar Group and public data.

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Searsucker to Open First Venue in Los Angeles Market

San Diego celebrity chef and restaurateur Brian Malarkey plans to open a new location of Searsucker in Santa Monica this winter, making it the restaurant’s first in the Los Angeles area.

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JMI Equity Closes $1 Billion Fund

JMI Equity, a private equity firm with offices in San Diego and Baltimore, said it closed its largest fund ever this week-— $1 billion for JMI VIII.

Search Optics Acquires DigiGo

Search Optics, a digital marketing business based in San Diego, said it acquired KPA’s DigiGo division, formerly known as TK Carsites. Terms of the agreement weren’t disclosed.

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Batu Biologics Completes $100,000 Crowdfunding

A San Diego-based immunotherapy company has successfully completed $100,000 of financing by utilizing an unusual fundraising approach — crowd funding.

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R.A. Rauch to Manage and Market Keating Hotel in Gaslamp Quarter

R.A. Rauch & Associates, a San Diego-based hospitality management and consulting firm, has entered into a partnership with locally headquartered Gotham Management, in which R.A. Rauch will manage and market Gotham’s Keating Hotel in the Gaslamp Quarter.

Navy Selects 5 Vendors for Next Generation IT Network for Ships

The U.S. Navy chose five vendors to provide the next-generation information technology network for its ships, announcing the winners on Aug. 20.

Clothing Retailer H&M Opening Store in El Cajon

Fashion retailer H&M plans to open its newest local store this fall at the Parkway Plaza mall in El Cajon. It will be the sixth San Diego County store for the Sweden-based company, also known as Hennes & Mauritz.

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Jamba Juice ‘Hiring Day’ Recruitment Seeks 1,000 New Workers

Emeryville-based Jamba Juice Co. plans to hold a National Hiring Day on Aug. 21, recruiting in several California cities including San Diego as it seeks to add up to 1,000 new employees.

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Sanford-Burnham Medical Research Institute Names Nisen CEO

Sanford-Burnham Medical Research Institute’s board of trustees has appointed Perry Nisen as CEO and holder of the Donald Bren chief executive chair for the institute’s La Jolla-based headquarters.

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San Diego Places Fifth Among U.S. Meeting Destinations

San Diego placed fifth on the latest list of the nation’s top 50 meeting and event destinations, published by event management technology provider Cvent Inc.

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Pathfinder Partners Buys Vista Retail Center for $7.35 Million

San Diego-based Pathfinder Partners LLC has purchased Breeze Hill Promenade, a three-building retail center in Vista, for $7.35 million, according to CoStar Group and public data.

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Admiral Discusses Navy's Local Needs and Role

Constrained defense budgets and constraints to the Port of San Diego were two domestic topics that Adm. Samuel Locklear III touched on during a visit to San Diego on Aug. 19. The commander of the U.S. Pacific Command has responsibility for the globe “between Hollywood and Bollywood.”

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Mitek Sees Stock Drop as CTO Leaves, Some Patent Lawsuits Dismissed

Mitek Systems , a San Diego maker of software used by more than 2,500 financial institutions for transferring money via mobile devices, saw its stock plunge 18 percent Aug. 18 following the company’s announcement that its chief technology officer abruptly left the company.

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Two San Diego Apartment Properties Get New Owners

Del Coronado Villas LLC of Del Mar has acquired the 24-unit Coronado Villa Apartments in San Diego for $5.7 million.