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The median price for a single family house in San Diego dipped 3.6 percent in January from the prior month’s median price to $405,000, said Dataquick, the La Jolla real estate research firm.
California homebuyers need an annual income of about $89,000 to qualify for the purchase of a median-priced single family home of $431,510 as of the fourth quarter of 2013, according to the California Association of Realtors.
San Diego-based Cadence Pharmaceuticals Inc. is being acquired by Irish specialty drugmaker Mallinckrodt PLC for $1.3 billion.
San Diego Tech Coast Angels said it invested nearly $3 million in 10 startup companies in the fourth quarter, the busiest quarter in the past year. The dollar amount came to about 40 percent of the SDTCA’s total annual investment of $7.3 million.
Imprimis Pharmaceuticals Inc. has agreed to buy Pharmacy Creations LLC for a base price of $600,000 dollars.
San Diego philanthropist Conrad Prebys recently donated $20 million to San Diego State University — the largest gift the school has received — to help start several endowed scholarships, according to the university.
Mast Therapeutics Inc. has agreed to acquire Aires Pharmaceuticals Inc. at a steep discount, in an all-stock deal worth about $5.2 million.
Encore Capital Group Inc., the San Diego collector of charged off credit card debt, said its United Kingdom subsidiary, Cabot Credit Management, acquired Marlin Financial Group, an U.K. debt collection business, for 295 million pounds or $484 million.
Ligand Pharmaceuticals Inc. announced that it has earned $1 million commercial milestone payment from Onyx Pharmaceuticals.
Cubic Corp. said that it plans to restate its financial results from fiscal 2012 and fiscal 2013.
The 193-room Hyatt House San Diego/ Sorrento Mesa is among 10 hotels being purchased by Maryland-based RLJ Lodging Trust, in a $313 million deal.
The U.S. Navy’s construction office awarded the Helix-Hon Joint Venture Co. an indefinite quantity contract that could be worth as much as $30 million.
Origo Ventures, a San Diego based venture fund that invests in seed- and early-stage companies in Latin America, said it received a $1 million grant from the Chilean government’s investment entity.
Seacoast Commerce Bank may be small, but it’s getting national recognition in its chosen niche of making business loans backed by the Small Business Administration.
FINANCE: Experts Say Tax Breaks Are Limited Except for Certain R&D
Tax breaks will be difficult, though not impossible, for San Diego businesses to find this year.