SD BUSINESS JOURNAL DAILY ENEWS
Carlsbad-based Dealstruck, an online provider of lending solutions for small- and medium-sized businesses, announced that it received a $10 million capital investment from Community Investment Management LLC.
An affiliate of Beverly Hills-based Maxxam Enterprises has purchased an historic Gaslamp Quarter mixed-use property known as the William Penn Building for $10.2 million, according to brokerage company CBRE Group Inc.
San Diego-based Lpath Inc. announced that it’s initiating a Phase 1 clinical trial to study Lpathomab within the next two months.
New York-based The ONE Group Hospitality Inc. plans to open a new location of its upscale STK Rebel restaurant in 2016 at downtown’s Andaz San Diego hotel.
Mitek Systems Inc., creator of mobile check deposit technology, said Thursday it saw record third-quarter revenue of $6.4 million in the three months ending in June, up nearly 38 percent from the same period last year.
Shares of Illumina Inc. have fallen nearly 10 percent this week after the gene-sequencing company announced second-quarter revenue missed analysts’ expectations on Tuesday.
Property West Residential of San Diego has purchased the 45-unit Laguna Palms apartment property in Carlsbad for $10 million, according to commercial brokerage company Marcus & Millichap Inc.
An entity recorded as VKS 4th Avenue LLC, with Bob Smith as managing member, recently acquired the 22-unit Playa Apartments in Ocean Beach for $7.5 million, according to brokerage company ACRE Investment Real Estate Services.
Wireless communications giant Qualcomm Inc. plans to lay off 15 percent of its staff as part of what it calls a “strategic realignment.” The company laid out its plan on July 22.
The U.S. Naval Academy and the University of Notre Dame will face off in a regular season football game at Qualcomm stadium in 2018, the San Diego Bowl Game Association said Wednesday.
The Daily Transcript, San Diego’s daily business newspaper, will print its last edition on Sept. 1 and shutter operations later that month, the nearly 130-year-old publication announced Wednesday.
The U.S. Navy awarded BAE Systems San Diego Ship Repair a contract to perform depot-level maintenance and alterations to the USS Bunker Hill, the oldest Ticonderoga-class cruiser in the fleet. The deal is not to exceed $38.3 million. Work is expected to be complete by May of 2016.
Forge Therapeutics Inc., a biotechnology startup in San Diego, announced Tuesday that it has entered into a pilot study with Janssen Research & Development LLC.
Grandpoint Bank and its three divisions, including La Jolla-based Regents Bank, reported on Tuesday a second-quarter net income of $7.3 million, up 62 percent from the $4.5 million during the same period last year.
The days before wireless giant Qualcomm’s third quarter earnings call have turned into a media circus, with outlets speculating on possible layoffs and whether the company might entertain a suggestion to break itself up.
An affiliate of San Diego-based Banyan Road Capital has purchased a Vista office and industrial building for $2.8 million, according to brokerage company Lee & Associates.
Dauntless Pharmaceuticals Inc., a new biopharmaceutical company focused on the development of specialty drugs, announced Tuesday the closing of a $12 million Series A financing.
Manchester Financial Group, led by longtime local developer Douglas Manchester, has acquired a 49 percent stake in the downtown San Diego building that formerly housed Sempra Energy’s headquarters for $20 million, the company announced.
Audrey Geisel donated $3 million to the University of California, San Diego to renovate the Geisel Library, named after her and her husband, popular children's book author Theodor Seuss Geisel, the university announced Monday.
San Diego-based Genomatica and Cargill have entered into a collaboration agreement to accelerate the production of renewable chemicals for industrial applications.