San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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La Jolla Apartments Sell for $8.55 Million

LJ Tides LLC has purchased a 30-unit apartment building known as The Tides for $8.55 million, according to brokerage company Colliers International.

Senomyx Announces Commercialization of Sweetner

Senomyx Inc., a biotechnology company that makes flavor-enhancers, announced that it has commercialized its sweetener product Sweetmyx S617.

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Agreement Could Clear the Way for $1.25 Billion Navy Broadway Development

Manchester Financial Group has reached a settlement agreement with the California Coastal Commission, possibly clearing the way for work to proceed on a long-delayed, $1.25 billion redevelopment of the Navy Broadway Complex in downtown San Diego.

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Town and Country's $80M Renovation Set to Start in Early 2016

Destination Hotels & Resorts is finalizing plans for a previously announced $80 million renovation of the landmark Town and Country Resort & Convention Center in Mission Valley, now slated to begin in early 2016.

FDA Approval of DexCom's Glucose Monitoring System Boosts Stock Price

Stock price of San Diego-based DexCom Inc. has jumped over 10 percent following the FDA approval of the company’s DexCom G5 Mobile Conintous Glucose Monitoring System on August 25.

Canter Cos. Is Partnering With TriVant as Part of Wealth Management Initiatives

San Diego-based Canter Cos., a developer, broker and venture capital firm, said it is partnering with local portfolio manager TriVant Customer Portfolio Group to bolster its fledgling wealth management division and add $70 million in assets under management.

SDCCU's Membership Increases Nearly 9% in 12 Month Period

San Diego County Credit Union’s membership grew nearly 9 percent to 295,000 customers in the year ending June 30, the credit union said in its quarterly earnings report.

SDG&E Reaches a Renewable Energy Milestone, With an Assist From the Weather

San Diego Gas & Electric marked a milestone last week when it generated a record 1,042 megawatts — more than the Encina power station in Carlsbad — from renewable energy.

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City Park Opening Near Pinnacle’s New Downtown Apartments

Civic San Diego and developer Pinnacle International have scheduled an Aug. 28 grand opening for Fault Line Park, the first public park to open in downtown’s East Village in more than a decade.

GA-ASI Pays Workers $945,000 in Back Wages to Comply With Prevailing Wage Edicts

General Atomics Aeronautical Systems Inc. has paid $945,000 in back wages to 901 of its employees nationwide following a Department of Labor investigation, the federal agency said on Aug. 27.

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Salk Scientist Appointed to National Commission on Forensic Science

Salk Institute for Biological Studies neuroscientist Thomas Albright has been appointed to the National Commission on Forensic Science to enhance the use and reliability of forensic science in the federal justice system.

Carlsbad Council Approves Plan for Retail Center Near Lagoon

Carlsbad City Council has unanimously approved plans by developer Caruso Affiliated to build a new Nordstrom-anchored retail center near the Agua Hedionda Lagoon.

Sequenom to Collaborate With Moores Cancer Center to Test Liquid Biopsy Diagnostic

Sequenom Inc., a life sciences company in San Diego, announced that it has entered into a clinical research collaboration with the University of California, San Diego Moores Cancer Center.

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Qualcomm to Sell Licenses to Its Wireless Spectrum in the U.K. to 2 Companies

Qualcomm Inc. said Aug. 26 that it has agreed to sell licenses to its wireless spectrum in the United Kingdom to two companies.

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Northrop Drone Being Used to Monitor Tropical Storm Erika

The U.S. government reported Aug. 26 that an unmanned Global Hawk aircraft owned by NASA is making a 24-hour flight over Tropical Storm Erika in the Atlantic Ocean to conduct storm research.

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Chula Vista Industrial Buildings Sold for $8.9 Million

Buyers recorded as Britannia Partners LLC and VJS & BES Family Trust have purchased three Chula Vista industrial buildings for approximately $8.9 million, according to CoStar Group and public data.

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EDF Renewable Acquires Own Energy Inc.

San Diego-based EDF Renewable Energy said it had acquired Brooklyn’s Own Energy Inc., a developer of midsized wind projects.

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Trader Joe’s Plans New Store at SDSU Development

Specialty grocer Trader Joe’s has signed a lease to open a new store at San Diego State University’s new mixed-use South Campus Plaza, currently under construction.

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Epic Sciences Names Henderson Chief Information Officer

Epic Sciences Inc., announced the appointment of Dave Henderson as Epic's chief information officer.

NuVasive Inc. Plans New Manufacturing Facility

NuVasive Inc., a medical device company in San Diego, announced that it will be expanding its manufacturing operations and hiring hundreds of new employees.