San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Otay Mesa Industrial Building Sold for $5 Million

Dallas-based TriGate Capital LLC and Lotus Real Estate Partners of Irvine have purchased an Otay Mesa industrial property for approximately $5 million, according to a statement from the buyers.

Unemployment Rate in County Is 5.9% for September

San Diego’s unemployment rate in September was 5.9 percent, down from August’s 6.2 percent, and down from the year-ago rate of 7.3 percent, according to the state’s Employment Development Department.

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Presidio Residential Capital Partnering With Builder for Pismo Beach Project

San-Diego based Presidio Residential Capital is partnering with Coastal Community Builders in plans to build Seaside Villas, a $5.43 million .38-acre community with eight detached three-story townhomes in Pismo Beach.

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Chipotle Mexican Grill Opens Its First Military Location at MCAS Miramar

Denver-based Chipotle Mexican Grill has opened its first military base restaurant at Marine Corps Air Station Miramar in San Diego.

Plans for Busier Workers Buoy Business Index for September

The San Diego Business Outlook Index, a measure of local business owners’ confidence, increased by 1.7 points in September to 26.7, driven by more optimism about increased workforce hours.

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WD-40 Co. Reports $43.7 Million Net Income for the Year

Shares of WD-40 Co. gained almost 6 percent Oct. 17, one day after the company announced fourth quarter earnings.

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WD-40 Co. Reports $43.7M Net Income for the Year

Shares of WD-40 Co. gained almost 6 percent Oct. 17, one day after the company announced fourth quarter earnings.

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Kratos Defense & Security Solutions Announces Several Contracts

Kratos Defense & Security Solutions Inc. announced several contract wins in the seven-day span of Oct. 9-15.

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Presidio Residential Partners With Builder for Pismo Beach Project

San-Diego based Presidio Residential Capital is partnering with Coastal Community Builders in plans to build Seaside Villas, a $5.43 million .38-acre community with eight detached three-story townhomes in Pismo Beach.

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Otay Mesa Industrial Property Purchased for $5 Million

Dallas-based TriGate Capital LLC and Lotus Real Estate Partners of Irvine have purchased an Otay Mesa industrial property for approximately $5 million, according to a statement from the buyers.

Business Index Outlook Is Up 1.7 Points in September

The San Diego Business Outlook Index, a measure of local business owners’ confidence, increased by 1.7 points in September to 26.7, driven by more optimism about increased workforce hours.

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Chipotle Opens First Military Location at MCAS Miramar

Denver-based Chipotle Mexican Grill has opened its first military base restaurant at Marine Corps Air Station Miramar in San Diego.

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Planning Commission Approves One Paseo Project with Requested Revisions

The San Diego Planning Commission has approved and forwarded to City Council a controversial $650 million mixed-use development, called One Paseo, proposed for Carmel Valley.

September Unemployment Rate in County Is 5.9%

San Diego’s unemployment rate in September was 5.9 percent, down from August’s 6.2 percent, and down from the year-ago rate of 7.3 percent, according to the state’s Employment Development Department.

Business Calendar for Week of October 20, 2014

Some of the business events scheduled in the county for the week of October 20, 2014.

Registrar Validates Signatures for Potential Vote on Minimum Wage

Registrar of Voters has validated signatures collected by opponents of a recently approved hike in San Diego’s minimum wage, meaning enforcement will be delayed until the issue is decided by voters.

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Orexigen Therapeutics Earns $70 Million Milestone Payment

Orexigen Therapeutics Inc. announced it has earned a $70 million milestone payment from partner Takeda Pharmaceuticals related to the shipment of Contrave to pharmacy wholesalers in preparation for commercial launch.

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Hilton Plans New Canopy Hotel in Downtown San Diego

Virginia-based Hilton Worldwide has a large new tower-style hotel planned for East Village, as part of a national rollout of a new upscale brand called Canopy by Hilton.

Region Ranks Sixth in Q3 Venture Capital Dollars

Twenty one San Diego area businessesattracted about $220 million in venture capital during the third quarter, according to the Dow Jones VentureSource report.

New Qualcomm Robotics Accelerator to Support Early-Stage Companies

Qualcomm Inc. and Colorado-based Techstars announced plans to start an incubator program for early stage companies that specialize in robots. Qualcomm (Nasdaq: QCOM) pledged to put more than $1 million into the project.