San Diego Business Journal


Batu Biologics Signs Licensing Agreement With UC San Diego

Batu Biologics Inc., an immunotherapy company developing a cancer vaccine, announced the signing of a license agreement with the Regents of the University of California, San Diego granting exclusive rights to peptide drugs developed at UC San Diego that have been proven to stimulate cancer-killing immune responses.

The Search Is On – Emerging Generation Award Nominations Close October 24

The San Diego Business Journal is accepting nominations for the 2014 Emerging Generation Awards, which honors up-and-coming leaders in their 20s.

Vassiliadis Gives $8.5M for Jacobs Medical Center

Local philanthropist Carol Vassiliadis has donated gifts totaling $8.5 million to the University of California, San Diego for the future development of the Jacobs Medical Center.

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New Tenants Join Lineup at Regency’s Balboa Mesa Center

Locally-based Chicken Charlie’s, long known for its deep-fried offerings at the San Diego County Fair and fairs in Los Angeles and Orange counties, is among 14 new tenants recently signed to leases at Balboa Mesa Shopping Center in San Diego’s Clairemont neighborhood, according to property owner Regency Centers.

Seacoast Commerce Bank Reports Q3 Results

Seacoast Commerce Bank, based in San Diego, reported third quarter net income of $1 million, compared with net income of $250,000 for the like quarter of last year.

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Spirit Airlines Plans New Local Nonstop Service to Denver

Florida-based discount carrier Spirit Airlines plans to offer new daily nonstop service from San Diego to Denver starting Jan. 5, 2015.

Former Mayor O’Connor Makes List of California’s Top 500 Tax Debtors

Former San Diego Mayor Maureen O’Connor was on the latest list of California’s Top 500 Tax Debtors released by the state’s Franchise Tax Board.

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Three Companies Selected for Inaugural Illumina Accelerator

Illumina Inc. announced the selection of three startup companies for the inaugural Illumina Accelerator funding cycle. The companies are Encoded Genomics Inc., EpiBiome Inc., and Xcell Biosciences Inc.

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Qualcomm to Buy British Company for $2.5 Billion

Qualcomm Inc. said Oct. 15 that it has agreed to buy CSR plc, a British fabless semiconductor company, for $2.5 billion in cash.

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Cisterra Expects June Completion for New Sempra Headquarters Tower

San Diego-based Cisterra Development is anticipating a June 2015 completion for the new headquarters building for Sempra Energy, currently under construction in downtown’s East Village neighborhood.

County Investment Pool Receives High Rating

San Diego County’s investment pool, used by local agencies for their short term cash needs, received Standard & Poor’s highest ratings for credit quality and volatility again based on its past fiscal year results, said County Treasurer-Tax Collector Dan McAllister.

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Work Progressing on $43 Million Senior Care Facility in Chula Vista

Construction is progressing on a new $43 million retirement and care community in Chula Vista, being built by St. Paul’s Senior Homes & Services.

Lawsuit Filed Against Carlsbad Resort Over Poinsettia Fire

A lawsuit filed by property owners blames the Omni La Costa Resort & Spa in Carlsbad for starting the Poinsettia Fire, which destroyed several homes and businesses in May.

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Aethlon Medical Device Used in Treatment of Ebola Patient

Aethlon Medical Inc., a San Diego-based medical device company, announced the first use of Hemopurifier therapy on a patient infected with Ebola virus.

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Leparulo Resigns From Novatel Board; Company Sets Agenda for Stockholders Meeting

Novatel Wireless Inc. said in a securities filing that Peter Leparulo left the company’s board of directors.

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Cubic Corp. Appoints Marshall CIO, VP

Cubic Corp. said that it appointed Jan Marshall as vice president and chief information officer.

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Surf Air Expanding Private-Member Service to Carlsbad

Surf Air, a private-membership airline using small aircraft, plans to begin service to McClellan-Palomar Airport in Carlsbad on Nov. 18.

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Overland Storage Says Its Acquisition Is On Track to Close This Quarter

Overland Storage Inc., the San Diego provider of data storage systems that agreed to be acquired in May by Ontario, Canada-based Sphere 3D, said the transaction is on track to close in the current fiscal quarter.

Virgin America Cuts SeaWorld Ties

Virgin America has cut ties with SeaWorld Entertainment, removing the theme parks from the airline’s rewards program, according to PETA. The animal rights group claims its efforts were instrumental in the airline’s decision.

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BioMed Markets Developments Via New Mobile App

BioMed Realty Trust Inc. recently launched a new mobile application geared to informing tenants and brokers about potential development at its life science properties in San Diego and three other markets.