San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Conrad Prebys Donates $100 Million to Sanford-Burnham Institute

The Sanford-Burnham Medical Research Institute announced Wednesday that it has received a gift of $100 million from prominent San Diego developer and philanthropist Conrad Prebys.

Is Qualcomm Interested in Buying Silicon Valley Chipmaker?

The stock market has found intrigue in Silicon Valley chipmaker Advanced Micro Devices Inc., which according to one report might be considering selling part of the company. A contributor to a crowd-sourced financial website has added speculation to speculation, saying Qualcomm Inc. is a plausible buyer.

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Developers Start Work on $21 Million Oceanside Mixed-Use Project

Developers Ryan Companies US Inc. and GF Properties Group LLC planned a June 23 groundbreaking for Block 18, a $21 million mixed-use development in downtown Oceanside.

San Diego County Credit Union Opens Hillcrest Branch

The San Diego County Credit Union, San Diego’s largest locally-owned financial institution, has opened a new branch in the Hillcrest area at the corner of 5th and University avenues.

Imprimis Acquires Rights to Sedation Formulations

Imprimis Pharmaceuticals Inc. has acquired the rights to novel sedation and analgesia/anesthesia formulations that can block pain and sedate patients undergoing ocular and other surgical procedures.

New Commercial Center Planned in Santee

The Santee City Council recently approved plans for Santee Station, a 16,942-square-foot, four-building commercial center planned for a 2.65-acre site at 8866 N. Magnolia Ave. Completion is expected in early 2016.

Northrop Grumman Awarded $60.9 Million Navy Contract

The U.S. Navy awarded Northrop Grumman Corp. a one-year, $60.9 million service contract related to its Broad Area Maritime Surveillance demonstrator unmanned aircraft, which is similar to its Global Hawk.

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Del Mar Heights Office Property Sold for $29.4 Million

San Diego-based Cruzan has acquired the Del Mar Corporate Plaza office property in Del Mar Heights for $29.4 million, according to brokerage company DTZ.

OneRoof Energy Partners With Fry's Electronics

OneRoof Energy Inc. and Fry's Electronics announced Tuesday that they will partner to install kiosks in select Fry's stores aimed at giving customers the opportunity to learn about going solar.

BAE Systems Wins $15.2 Million Navy Contract

The USS Sampson will make a stop at the BAE Systems San Diego Ship Repair yard in Barrio Logan under a newly awarded U.S. Navy contract.

Navy Awards General Atomics $737 Million Contract

General Atomics received a major contract this month for its electromagnetic aircraft carrier catapult as well as for a similarly powered arresting gear to catch the small jets landing on the carrier deck.

UC San Diego Extension Partners With Sycuan, Viejas

The University of California, San Diego Extension announced a partnership with both the Sycuan Education Department and the Viejas Tribal Education Center to provide college preparatory programs as part of a larger effort to boost college enrollment among young adults in underrepresented communities.

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Local Hospitality Developer Opens New Hotel in Atascadero

San Diego-based investment and development firm J Street Hospitality Inc. recently opened a new 130-suite SpringHill Suites by Marriott hotel in Atascadero, near Paso Robles, the company announced. The development cost was not disclosed.

Premier Inc. Awards AMN Healthcare Sole Source Contract

San Diego’s AMN Healthcare Services, the country’s largest provider of health care staffing services, has won a sole source contract with Premier Inc. to offer staffing services and workforce solutions to its alliance of about 3,400 hospitals and 110,000 other health care facilities.

Study: Downtown Aerial Tram Would Cost Up to $75 Million

A proposed aerial tram linking downtown San Diego with Balboa Park would cost between $65 million and $75 million to construct, according to a consultants’ report issued by San Diego Association of Governments (SANDAG).

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San Diego Firm Buys Phoenix Office Tower for $93.75 Million

Parallel Capital Partners Inc. of San Diego has acquired the 20-story One North Central office tower in downtown Phoenix for $93.75 million, the company announced.

Ambrx Inc. Appoints CEO, Chief Science Officer

Ambrx Inc., a San-Diego based biotechnology company, has named Tiecheng (Alex) Qiao its CEO effective immediately.

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ATyr Pharma Inc. Reports Q1 Results

San Diego-based aTyr Pharma Inc. reported a net loss of $9.1 million for the first quarter of 2015, up from a net loss of $6.2 million in the same period last year.

The Business Calendar for the Week of June 22, 2015

Some of the business events planned in the county for the week of June 22, 2015, and beyond.

USD's Engineering School Gets $2 Million Grant to Promote Diversity, Bring Cultural Change to Department

The Shiley-Marcos School of Engineering at the University of San Diego has been awarded a $2 million grant to revolutionize engineering education, USD said.