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With the two-year federal student loan default rate touching 10 percent, San Diego financial literacy website iGrad decided to survey college and university administrators nationwide to see if their students have the skills to survive the expense of higher education.
San Diego-based Cubic Corp. said that its defense systems subsidiary received a contract worth more than $70 million from an overseas customer.
A Miami jury awarded Lennar Corp. $1 billion in civil damages against California developer Nicolas Marsch and his company, Briarwood Capital LLC, on court findings of defamation and conspiracy to extort money from the company.
Welk Resort Group, the San Diego developer and operator of resort properties, said it closed a $158.7 million securitization backed by notes receivable from vacation ownership interests.
Kratos Defense & Security Solutions Inc.’s Public Safety & Security Solutions division recently received some $4.25 million in security system integration awards at New York’s World Trade Center facility.
Jack in the Box Inc. named a chief marketing officer and announced two other promotions.
A unit of San Diego-based Pacifica Cos. has purchased Emeritus at Escondido, an assisted-living health-care facility, for approximately $3 million, according to CoStar Group and public data.
The California Coastal Commission will review plans for a new 650-room hotel complex at Liberty Station in Point Loma, proposed by a unit of San Diego-based The Corky McMillin Cos.
The city of San Diego is seeking California Coastal Commission authority to allow restaurants and tasting rooms at microbreweries located in industrial areas adjacent to coastal zones.
La Jolla-based Pico Holdings Inc. recently reported net income of $8.2 million for its third quarter of fiscal 2013, up from a $5.3 million loss posted in the same quarter of 2012.
The California Coastal Commission is reviewing plans by University of California, San Diego for a new scenic walkway and vista point on the Scripps Institution of Oceanography campus in La Jolla.
The Business of Law Column
Hecht Solberg Robinson Goldberg & Bagley LLP recently named Michael Maher managing partner. Maher succeeds Darryl Solberg, who has served in that capacity since 1997. Solberg remains an active partner in the firm and is looking forward to focusing solely on practicing law and client relationships.
Cubic Corp., the San Diego defense contractor and mass transit fare collection systems provider, said it completed the acquisition of Serco’s Transport Solutions business for $70 million.
Carlsbad-based West Living, which owns and operates hospitality-based senior living communities, plans to develop a new assisted living and memory care community in Corona.
San Diego-based EDF Renewable Energy has acquired the 200 megawatt Hereford 1 Wind Project in the Texas Panhandle from Lincoln Renewable Energy, EDF announced.