San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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BioMed Subsidiary to Issue $400M in Notes

BioMed Realty LP, an operating partnership subsidiary of San Diego-based BioMed Realty Trust Inc., plans to do a $400 million offering of senior unsecured notes.

Former Chargers Linebacker Goes on Offense, Sues Nike Claiming Trademark Infringement

Former San Diego Charger linebacker Shawne Merriman filed a lawsuit against Nike Inc., alleging the sports-gear giant infringed on his trademarked Lights Out brand.

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Nursing Care Facility in El Cajon Sold for $7.5 Million

Rocklin-based Auburn Manor Holding Corp. has purchased Chase Care Center, a skilled-nursing healthcare facility in El Cajon, for $7.5 million, according to CoStar Group and public data.

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Data Services Company Buys Kearny Mesa Office Building for $3.84 Million

Central Data Services Inc. of San Diego has purchased a Kearny Mesa office building, known as Convoy Business Center, for $3.84 million, according to CoStar Group and public data.

Two Local Companies to Compete for Airfield Work for Navy

The U.S. Navy needs a solid place to land its aircraft, and it has chosen two local contractors to make that possible.

San Diego Startup Week Set for June 17-21

StartUp San Diego has set June 17-21 for its second annual San Diego Startup Week.

Zogenix Obtains Preliminary Injunction Against Massachusetts’ Ban of Painkiller

Zogenix Inc., the San Diego drugmaker embroiled in controversy over its new opioid painkiller Zohydro ER, finally has a win under its belt — it has successfully blocked an order from Massachusetts Governor Deval Patrick to ban the drug in that state.

Genstar Affiliate Buys Chula Vista Residential Land for $37.1 Million

An affiliate of San Diego-based Genstar Development Co., recorded as GDCI Proctor Valley LP, has purchased 1,140 acres of residential land in Chula Vista for approximately $37.1 million, according to CoStar Group and public data.

Home Sales and Median Price Increase in March

Home sales in San Diego increased in March, and the median price rose 4 percent from February to $427,000, according to Dataquick, the La Jolla real estate research firm.

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San Diego Firm Buys Miramar Retail Center for $12.5 Million

HP Investors LLC of San Diego has purchased Miramar Square Shopping Center, in the city’s Miramar neighborhood, for approximately $12.5 million.

F.A.I.T.H. Resources Merges With Irvine Recruitment Firm

F.A.I.T.H. Resources, recruitment and staffing firm originally formed in San Diego, said it merged with Advantage Placements, an Irvine recruitment firm, and moved its corporate headquarters to Newport Beach.

Three Local Construction Cos. to Compete for Defense Work

Three local companies may have Army construction work in their futures.

Two San Diego Companies Name New CFOs

Two San Diego companies have announced new chief financial officers.

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Novatel’s Usage-Based-Insurance Technology to Be Used in Benelux Market

Novatel Wireless Inc.’s technology supporting usage-based insurance, or UBI, will be used by Chipin B.V. in serving the Belgium, Netherlands and Luxemburg markets, the companies announced.

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National University to be San Diego Padres Education Partner

The San Diego Padres and National University struck a multiyear partnership that makes the private university the franchise’s exclusive education partner.

Mayor Faulconer Sets His Priorities With New Budget

Mayor Kevin Faulconer campaigned to make neighborhoods his priority, and his 2014-15 fiscal year budget, which he released April 14, demonstrates that, according to a mayoral staff report.

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Drywall Construction Stopped on Downtown Apartment Project

Work on the drywall portion of the $150 million, 45-story Pinnacle Towers apartment project in downtown San Diego has been stopped, after the California Contractors State License Board determined that a subcontractor was not properly licensed in the state.

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Santee Contractor Completes $12 Million Armory at Camp Pendleton

A & D General Contracting Inc. of Santee recently completed a new $12 million armory building at Marine Corps Base Camp Pendleton near Oceanside.

Local Co. Installing Electric Vehicle Charging Stations at UCSD

Carlsbad-based Alternative Energy Systems Consulting Inc. is installing intelligent electric vehicle charging systems at University of California, San Diego.

Kenco Selects SmartDrive for Fleet Monitoring

San Diego-based SmartDriveSystems’ event recording system will be rolled out across the nationwide fleet operated by logistics provider Kenco, according to an announcement from SmartDrive.