San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Gas Station with Retail Planned after $3 Million Land Buy in Vista

J&T Business Management of Corona has purchased a 4.6-acre land parcel in Vista for approximately $3 million, with plans to build and operate a nationally branded gas station with additional retail, according to brokerage firm Lee & Associates.

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San Diego Apartment Property Sold for $3.6M

Fenway Properties I LLC of San Diego has purchased a 20-unit apartment property in the city’s Normal Heights neighborhood for $3.6 million, according to brokerage firm Marcus & Millichap.

Industrial Property Sells for $3.5 Million

A buyer recorded as TP Otay Mesa LLC has acquired a two-parcel industrial site in Otay Mesa for $3.5 million, according to brokerage firm Lee & Associates.

Biocept Inc. Prices Common Stock Offering

San Diego-based Biocept Inc. is hoping to raise $5 million in an offering of its common stock, the company announced April 29.

San Diego International Airport Traffic Rose 3 Percent in March

San Diego International Airport saw passenger traffic rise 3 percent in March over the same month of 2015, as the facility handled more than 1.7 million arriving and departing travelers.

Finistere Ventures, International Farming Corp. Launch Willow Hill Ventures

An agricultural technology and life sciences venture capital investor, Finistere Ventures, LLC, partnered with International Farming Corp., an institutional farmland owner in North Carolina, to launch Willow Hill Ventures.

ROIC Posts Increase in Revenue for First Quarter

Total first-quarter revenue at Retail Opportunity Investments Corp. (ROIC) rose 6.3 percent over the year-ago period, topping $42.6 million, the San Diego-based company reported.

Maxwell Technologies Inc. Completes Sale of Product Line

Maxwell Technologies Inc., a San Diego-based energy storage firm, announced the completion of the sale of its microelectronics product line to Data Device Corp., a subsidiary of ILC Industries Inc.

San Diego Region Construction Jobs Increase 6 Percent

The San Diego region gained 4,000 construction jobs from March 2015 to March 2016, according to an analysis of federal employment data by the Associated General Contractors of America.

Ignyta Inc. Looking to Raise $50 Million in Stock Offering

San Diego’s Ignyta Inc., a drugmaker developing cancer therapeutics, is hoping to raise $50 million in an offering of its common stock, the company announced Wednesday.

SLANTRANGE Secures $5 Million in Series A Round

SLANTRANGE, a local agricultural drone sensor and analytics company, announced April 28 it has secured $5 million in a Series A round of funding.

Coalition Launches Initiative to Promote More Jobs

A group of businesses and government leaders launched an effort Wednesday to collaborate on job creation across the San Diego County and Tijuana region.

Navy Awards Coffman Specialties Inc. $18 Million Contract

The U.S. Navy awarded Mira Mesa-based Coffman Specialties Inc. an $18 million task order for runway repair and aircraft lighting repair at Naval Air Station Fallon in Nevada, east of Reno.

Callaway Golf Reports Q1 Net Income of $38.4 Million

Callaway Golf Co., the Carlsbad maker of clubs, balls and golf accessories, reported net income of $38.4 million, or 40 cents per diluted share, on net sales of $274.1 million during its first quarter, which ended March 31.

Students from San Diego, Tijuana Compete for $100K in Seed Money

Student entrepreneurs from the University of San Diego and universities in Tijuana will compete for $100,000 cash at a “Shark Tank-like” competition Thursday.

Dexcom Reports 60 Percent Jump in Q1 Revenue

Dexcom Inc., one of San Diego’s biggest public medical technology firms, reported a 60 percent jump in revenue for the first quarter of this year.

Revenue Rises at American Assets Trust

American Assets Trust Inc. saw total revenue rise 7.1 percent from a year ago in its first quarter ending March 31, reaching $70.7 million, the San Diego-based real estate investment trust reported.

First Quarter Revenue, Net Income Rise at Realty Income Corp.

Realty Income Corp. posted an 8.2 percent increase in first-quarter revenue compared with the same period of 2015, topping $267.1 million, as net income available to common stockholders rose 4.9 percent, to $63.5 million.

Citizen Group Backing Hotel Tax Hike Submits 100,845 Signatures

A citizen group seeking to raise San Diego’s total current hotel taxes by 3 percent, to 15.5 percent, said it has gathered 100,845 voter signatures for an election measure targeted for the November ballot.

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Bankers Hill Church Building Sells for $2.7 Million

A local buyer listed as Park6 Ventures LLC has acquired a church building in San Diego’s Bankers Hill neighborhood for $2.7 million, according to brokerage firm Lee & Associates.