San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Escondido Apartments Sold for $7.9 Million

Viewpoint Equities Inc. of San Diego has purchased a 51-unit apartment building in Escondido for approximately $7.9 million, according to CoStar Group and public data.

Port Board Approves Severance for Controversial CEO

Wayne Darbeau is leaving his job as CEO of the Port of San Diego following a controversy.

Cypher Genomics Inc. Teams With Illumina, Also Names President and COO

San Diego-based Cypher Genomics Inc. announced a co-promotion agreement with Illumina Inc. and the selection of Adam Simpson as president and chief operating officer.

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DJO Global Reports Net Sales of $313.9 Million for Q2

DJO Global Inc., the Vista-based maker of orthopedic devices, reported second quarter net sales of $313.9 million, up 6.5 percent from the like quarter of 2013.

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BioMed Realty Trust Signs Bristol-Myers to Additional Space and Lease Extension

Bristol-Myers Squibb has signed a 10-year lease with San Diego-based BioMed Realty Trust Inc. for about 61,000 square feet of additional laboratory and office space at BioMed’s Woodside Technology Park, a life science industry campus in Redwood City.

The Business Events Calendar for the Week of July 28, 2014

Some of the business events scheduled in the county for the week of July 28, 2014.

Boston Marathon Winner to Set the Pace for Competitor Group's Running Brands

Competitor Group Inc., the San Diego based media and event business that organizes the Rock ‘n Roll Marathon Series, said it named Meb Keflezighi as the first vice president of running.

Fitch Ratings Assigns ‘AAA’ Rating to Regional Transportation Sales Tax Revenue Bonds

Fitch Ratings has assigned an ‘AAA’ rating to the San Diego County Regional Transportation Commission’s $350 million sales tax revenue bonds, 2014 series A.

Port Approves Severance Agreement, Mutual Release for Controversial CEO

Wayne Darbeau is leaving his job as CEO of the Port of San Diego following a controversy.

Fitch Assigns ‘AAA’ Rating to Regional Transportation Sales Tax Revenue Bonds

Fitch Ratings has assigned an ‘AAA’ rating to the San Diego County Regional Transportation Commission’s $350 million sales tax revenue bonds, 2014 series A.

Cypher Genomics Teams With Illumina, Names President and COO

San Diego-based Cypher Genomics Inc. announced a co-promotion agreement with Illumina Inc. and the selection of Adam Simpson as president and chief operating officer.

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BioMed Realty Signs Tenant Bristol-Myers to Additional Space and Lease Extension

Bristol-Myers Squibb has signed a 10-year lease with San Diego-based BioMed Realty Trust Inc. for about 61,000 square feet of additional laboratory and office space at BioMed’s Woodside Technology Park, a life science industry campus in Redwood City.

Boston Marathon Winner Named VP of Running for Competitor Group

Competitor Group Inc., the San Diego based media and event business that organizes the Rock 'n' Roll Marathon Series, said it named Meb Keflezighi as the first vice president of running.

Business Calendar for Week of July 28, 2014

Some of the business events scheduled in the county for the week of July 28, 2014.

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DJO Global Reports Q2 Results

DJO Global Inc., the Vista-based maker of orthopedic devices, reporter second quarter net sales of $313.9 million, up 6.5 percent from the like quarter of 2013.

Port Meeting to Consider Possible Discipline, Termination of CEO

The San Diego Unified Port District Board of Port Commissioners has set a special meeting to consider disciplining or possibly terminating CEO Wayne Darbeau, according to port documents.

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Comic-Con Underway, With Ad Support from Downtown Buildings

With the 45th annual Comic-Con International now underway, the area around San Diego Convention Center has again assumed its role as a global Billboard Central for the major film studios, TV networks and video-game makers touting their wares this year.

Pfenex Raises $50 Million in IPO

Pfenex Inc., a Sorrento Valley biotech firm specializing in a class of drugs called biosimilars, raised $50 million in its initial public offering July 23, selling 8.33 million shares at $6 per share.

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Qualcomm to Invest Up to $150 Million in Chinese Startups

Qualcomm Inc., which just reported net earnings of $2.24 billion for its third quarter July 23, said it will invest up to $150 million in Chinese startup companies across all stages.

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Realty Income Reports Gains in Revenue, Income for Second Quarter

Escondido-based Realty Income Corp. saw revenue rise 22.6 percent from a year ago in its second quarter ending June 30, reaching $228.6 million.