San Diego Business Journal


BofI Holding Inc. Reports Q3 Net Income of $21 Million

BofI Holding Inc., the parent company of San Diego-based BofI Federal Bank, reported third quarter net income of $21 million on Thursday, its 13th consecutive quarter of record-high earnings.

North Park Apartment Property Sold for $6.75 Million

HP Partners LLC of San Diego has acquired a 36-unit apartment property in North Park for $6.75 million, according to brokerage company South Coast Commercial Inc.

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ROIC Posts Increases in Revenue, Net Income

San Diego-based Retail Opportunity Investments Corp. posted revenue of $45.1 million in its first quarter ending March 31, an increase of 24 percent from the same period of 2014.

Isis Announces $10 Million Milestone Payment from Biogen

Isis Pharmaceuticals Inc. announced that it has earned a $10 million milestone payment from Biogen Inc. associated with the validation of an undisclosed target to treat a neurological disorder.

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Two UTC Office Buildings Acquired for $51.6 Million

An affiliate of San Diego-based Phase 3 Real Estate Partners Inc. has purchased two University Towne Center office buildings for a total of approximately $51.6 million, according to CoStar Group and public data.

Viking Therapeutics Announces Pricing of IPO

Viking Therapeutics Inc. priced its revised initial public offering Wednesday, offering 3 million shares of common stock at $8 per share to raise $24 million.

Rincon Band Will Pay $9.5 Million for Road Improvements

The Rincon Band of Luiseño Indians said in early April that it will pay local government $9.5 million for road improvements. The move follows completion of the $160 million expansion of Harrah’s Resort Southern California, on the Rincon reservation near Valley Center, in 2014.

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Bonita Office Building Sells for $2.95 Million

DW Bonita Road LLC of Bonita has purchased a Bonita office building for $2.95 million, according to CoStar Group and public data.

California Economic Index Is Flat in February

Comerica Bank’s California Economic Activity Index held flat in February, maintaining a level of 119.4, as it did in January.

Renovate America Completes $240.1 Million Securitization of PACE Bonds

San Diego-based Renovate America, a provider of Residential Property Assessed Clean Energy (PACE) financing in the U.S., announced the completion of its third securitization of PACE Bonds by issuing $240.1 million in Class A Notes rated AA by Kroll.

Dexcom Reports Q1 Revenue for 2015

Dexcom Inc., a company that makes continuous glucose monitoring devices for patients with diabetes, reported a net loss of $12.9 million on revenue of $72.8 million for the first quarter of 2015 – a 55 percent growth in revenue year-over-year.

Cubic Corp. Honored for Payment System

Certain technophiles are calling Cubic Corp. a game changer.

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Hyatt Regency La Jolla Being Sold for $118 Million

Strategic Hotels & Resorts Inc. is selling the 417-room Hyatt Regency La Jolla for $118 million, the Chicago-based company announced.

Scripps Medical Team to Deploy to Nepal

Scripps Health’s Medical Response Team will be deploying to Nepal to aid in earthquake relief efforts under the auspices of the International Medical Corps (IMC).

San Diego's Economic Indicators Up Again in March

San Diego’s economic barometer rose again in March.

LRAD Corp. Receives $560,000 in Orders from Navy

LRAD Corp., which produces highly directional devices that send high-volume sound over very long distances, said it received $560,000 in orders for two units under a U.S. Navy contract.

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Hillcrest Apartment Property Sells for $13.7 Million

Cushman & Wakefield announced the sale of the Marquis at Hillcrest for $13.7 million to Littletown Realty LLC.

Huya Bioscience Raises $48 Million in Debt Financing

Huya Bioscience International LLC has raised $48 million in debt financing, according to a recent filing with the Securities and Exchange Commission.

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Allameh Named COO at Luna Grill

San Diego-based Luna Grill, a Mediterranean restaurant chain, announced that Sean Allameh has joined its leadership team as chief operations officer.

SDSU Students Win Real Estate Design Competition

Six San Diego State University students snagged a top prize for their plans to build a movie theatre and parking structure on a 13-acre property in Encanto Hills, the school said Tuesday, part of a citywide competition to come up with the best ideas for how to develop the hilly land and still turn a profit.