SD BUSINESS JOURNAL DAILY ENEWS
As baby boomers start retiring in waves and millennials step in to fill the void, business owners might be puzzling over management succession. Some take a very formal approach to the problem; others approach it casually.
Massachusetts-based Dunkin’ Brands Group Inc. plans a March 10 opening for its combination Dunkin’ Donuts/ Baskin-Robbins restaurant, at downtown’s Embassy Suites San Diego Bay hotel.
Balboa Park Celebration Inc., the nonprofit organization formed to put on a year-long series of events to commemorate the 1915 Panama California Exposition, voted to disband and cede all its authority to the city of San Diego.
Genetic testing company Sequenom Inc. is shaking up its leadership with a number of internal promotions.
San Diego City Council has voted to repeal a planned increase in commercial developer “linkage” fees, rather than place it on the June 3 ballot.
Bumble Bee Foods LLC, the San Diego provider of canned tuna and other seafood, said it entered into a partnership with Sapmer, the second largest tuna fleet in France.
Caesars Entertainment Corp. and the Rincon Band of Luiseño Indians have put a new brand on their casino-resort as they get ready to open their second hotel tower.
ViaSat said that El Al will be the first customer for its Exede in-flight Internet service in Europe, adding that the airline plans to launch service within a year.
Acadia Pharmaceuticals Inc. announced it plans to raise $182 million in a secondary public offering of its common stock, pricing 6.4 million shares at $28.50 apiece.
Sunterra Apartments LLC, which includes Benedict Canyon Equities of Sherman Oaks, has purchased the 240-unit Sunterra Apartment Homes in Oceanside for $38.25 million, according to Institutional Property Advisors, which arranged the sale.
San Diego-based Tracon Pharmaceuticals Inc. has received $10 million upfront after entering a global development and commercialization deal with Japanese drugmaker Santen Pharmaceutical Co. Ltd.
San Diego super-scientist J. Craig Venter has launched a new company, Human Longevity Inc. that aims to prolong the human lifespan through genomics and cell therapy-based diagnostics.
Connect, a San Diego life sciences and technology nonprofit, has appointed veteran health care and investment banking executive Greg McKee as its new CEO.
Qualcomm Inc. announced an historic management transition as well as a $5 billion increase in its stock repurchase plan on March 4, the day of its annual shareholder meeting.
Shares of Kearny Mesa ultracapacitor-maker Maxwell Technologies Inc. rose 38 percent in three days of trading on Feb. 28, March 3 and March 4, closing at a 52-week high of $12.23.
New York-based SL Green Realty Corp. has agreed to sell its 43.7 percent interest in a Southern California office portfolio of 28 properties, including six San Diego buildings, for $100 million.
Cardium Therapeutics Inc. has entered a strategic collaboration and funding arrangement with Shanxi Taxus Pharmaceuticals Co. Ltd. of China to support the worldwide clinical and commercial development of San Diego-based Cardium’s regenerative medicine therapeutics products.
Leap Wireless International, the San Diego based flat-rate carrier doing business under the Cricket brand, said it will release its 2013 fourth quarter and full year financial results to the Securities and Exchange Commission, but doesn’t intend to issue a separate news release or hold a conference call with stock analysts later this month.
Tig Real Estate Holdings LLC of San Diego has purchased a Sorrento Mesa industrial building for $6.7 million, according to CoStar Group and public data.
San Diego businesses are starting to feel more optimistic about the future, according to the most recent San Diego County Business Forecast.