San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Survey Finds 1-in-5 Tech Execs Looking to Expand Staff

More than one-fifth of technology executives in the San Diego area plan to expand their IT teams in the second half of 2016, according to a survey released Tuesday by Robert Half Technology.

Four Housing Projects Awarded Nearly $4 Million

Four San Diego affordable housing projects have been awarded nearly $4 million of $76 million in grant money from the Federal Home Loan Banks.

CUSO Financial Picks Up Los Angeles-Based Credit Union

San Diego brokerage firm CUSO Financial Services LP has picked up a new client, a Los Angeles-based credit union that recently launched an investment services program.

Maxwell Technologies Shareholders Approve Several Proposals

Stockholders of Maxwell Technologies Inc. approved a proposal to increase the number of authorized shares of common stock from 40 million to 80 million as part of their business during the company’s annual meeting June 15.

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Developer Plans $44M Mixed-Use Project in Encanto

A committee of Civic San Diego, the city’s project oversight agency for downtown and southeastern neighborhoods, recently recommended plans for a $44 million mixed-use community in Encanto.

U.S. Navy Awards Contract For Dredging, Pier Replacement

Manson Construction Co. of Seattle received an $834,000 modification to a U.S. Navy contract for dredging and pier replacement at Naval Base San Diego, informally known as the 32nd St. naval station. The deal augments a $9.6 million contract modification from Feb. 10. The Pentagon announced both deals on June 13.

Dexcom Inc. Building New Manufacturing Plant in Phoenix

Local medical device maker Dexcom Inc. is building a new manufacturing facility near Phoenix, the company announced Monday.

Pacific Highlands Ranch Residential Land Sold for $61.6 Million

The San Diego division of Pardee Homes recently sold off 9.38 acres of residential land in the city’s Pacific Highlands Ranch community to two other homebuilders, for a total of approximately $61.6 million, according to CoStar Group and public data.

Regulus Therapeutics Secures $30 Million Credit Facility

Regulus Therapeutics Inc. has entered into a $30 million loan and security agreement with Oxford Finance LLC, the company announced Monday. The infusion of cash gives the local biopharma the runway needed to progress its products through the clinic.

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San Diego Office Tower Sold for $54.4 Million

Hammer Ventures of San Diego has purchased the downtown office tower known as The Executive Complex for $54.4 million, according to CoStar Group and public data.

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CBRE Forms Agribusiness, Natural Resources Practice in San Diego

CBRE Group Inc. has formed a new land, agribusiness and natural resources practice in its San Diego office, the Los Angeles-based commercial real estate services company announced.

The Business Calendar for the Week of June 20, 2016

Some of the business events planned in the county for the week of June 20, 2016, and beyond.

Illumina to Dedicate Facility to Its Longtime CEO Jay Flatley

Medtech giant Illumina Inc. is dedicating an existing research and development building on its campus to its longtime CEO, Jay Flatley.

Sorrento Valley's Venture Capital Raising Prowess Puts It Fifth in Ranking

Twenty neighborhoods in the U.S. account for more than $10 billion in venture capital — and one of them is in San Diego, according to a report released this week.

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San Diego Apartment Portfolio Sells for $8.66 Million

Locally based NP Ventures LLC and Sucato Family Trust have purchased a portfolio of four San Diego apartment properties for a total of approximately $8.66 million, according to brokerage firm Colliers International Group Inc.

Indus Technology Inc.'s Defense Deal Potentially Worth $43.5M

Indus Technology Inc. said recently that it won a U.S. Navy task order with a potential value of $43.5 million over five years, if the Navy exercises all of its options.

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Forrester Appointed Permanent CEO, Executive Director of The New Children’s Museum

Judy Forrester has been appointed CEO and executive director of The New Children’s Museum the museum, announced.

SBA Pledges $250,000 to MiraCosta College to Establish Veterans Business Outreach Center

The U.S. Small Business Administration has pledged $250,000 to establish a Veterans Business Outreach Center at MiraCosta College’s Technology Career Institute in Carlsbad.

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Leong Named Vice President of Finance at ID Analytics

ID Analytics LLC said June 13 that it named Peng Leong as vice president of finance. He will report to CEO Scott Carter.

Breg Appoints Hutson VP of Operations

Breg Inc., a provider of sports medicine products and services, announced recently that Benjamin Hutson has joined the company as vice president of operations.