Stories for January 2015

Friday, January 30

Scuttling Act Would Hurt Maritime Economy

Sen. John McCain has proposed an amendment that would eliminate the Jones Act.

HP Donates Computers to Further the Success of College Institute

Barrio Logan College Institute, a nonprofit dedicated to helping disadvantaged families prepare their children for college, is receiving 25 desktop and 25 notebook PCs from Hewlett-Packard Development Co. L.P. as part of its continued seven-year partnership with BLCI.

The Bridges a Stunning Link to Community, Nature and Style

Recently, I was treated to a tour of The Bridges at Rancho Santa Fe by Bob Jackson, who is the director of real estate for the 540-acre exclusive enclave.

Local Exec Helped Get Firm’s Technology Into Airliner Search

Fugro Pelagos Inc., a Dutch company with San Diego ties, is applying its tech skills to unravel one of the biggest mysteries of 2014: the location of missing Malaysia Airlines Flight 370.

Immunizing Medical Systems Against Cyber Threats Is Critical

MEDICINE: Health Record Systems Have Many Vulnerable Points

As patient information begins to flow electronically from hospitals to clinics, health care providers and patients are increasingly at risk of being targeted by hackers and criminals.

Matters of Life and Data

MEDICINE: Providers Look For Secure, Effective Ways To Share Medical Records

Imagine a health care system with a central hub that collects all of a patient’s information: lab reports, allergies, prescriptions, doctor’s notes, sensitivities, and all the diet, exercise and lifestyle data collected by wearable and medical devices.

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Relocations Add Layer of Complexity to Property Renovation

PROPERTY: Affordable Housing Project’s Costs Likely to Top $50M

Chelsea Investment Corp. has acquired and developed dozens of affordable housing projects since its 1992 founding, including several senior-focused apartment projects in San Diego County.

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Executive Q&A: Susan Salka of AMN Healthcare Services

Susan Salka sits across from me, surveying the room with an easy smile.

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Mayor Names Nine People to Study Football Stadium Issue

San Diego Mayor Kevin Faulconer named nine people to a citizens’ stadium advisory group to figure out how to build a new home for the San Diego Chargers that would be a fair deal for taxpayers.

Cricket Wireless Completes Closure of Former Headquarters

WORKFORCE: All Its Operations to Be Folded Into AT&T’s Aio

Cricket Wireless, the prepaid wireless carrier now owned by AT&T, vacated its former headquarters in Kearny Mesa last month.

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New Platform Aims to Reset the Home Buying Experience

TECH: Apps Give Agents Better Exposure, Anonymity to Buyers

There are numerous tools and services available to consumers who want to check out a local restaurant or research buying a car. Those digital marketplaces are far different than they were 10 years ago.

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San Diego County Credit Union Assets Grew to $6.7 Billion in 2014

San Diego County Credit Union, the area’s largest credit union, grew by about $400 million last year to bring the total assets to about $6.7 billion.

Has Visitor Center Reached the End Of Its Journey?

It appears 2014 was a great year for San Diego tourism, with an increase in visitors of about 2 percent to almost 34 million and an increase in visitor spending of almost 10 percent.

BioNano Raises $68.5M In Financing

San Diego-based BioNano Genomics Inc., a genome-mapping device company, has raised $68.5 million in financing, according to a recent filing with the Securities and Exchange Commission.

Car2Go Upgrades Fleet and Expands Service

TRANSPORT: Vehicles Will Be 2014 Model, Replacing 2010 Cars

Car-sharing company Car2Go N.A. LLC announced that its more than 30,000 San Diego members would have access to a new electric smart fleet starting last week.

Qualcomm Lowers Outlook Despite Gains

FINANCE: Company Defends Snapdragon Touting Its Many Users

Shares of Qualcomm Inc. fell more than 11 percent into the $62 range on Jan. 29 as the company reported record revenue and increased earnings for its first quarter — but cut its forecast for the second half of the year.

Acquisition Strategy Delivers for Annex

RETAIL: Aim Is to Bolster Presence in Newer Markets

The name of Annex Brands Inc. also describes a key strategy that CEO Jack Lentz has deployed over the past decade — acquiring other franchised companies — to navigate the increasingly competitive packing and shipping services industry.

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Manufacturing Strength Lifts Industrial Rents

PROPERTY: Space Absorption Highest It’s Been Since 2006

When San Diego-based Westcore Properties recently paid $17 million for a large industrial building on the grounds of March Air Reserve Base near Riverside, it was betting on continued recovery in 2015 for Southern California’s overall manufacturing-and-distribution climate.

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Advice Isn’t Cheap With Wrong Advisor

FINANCE: Firm’s Database Aims to Inform Investors

Six years after its start, BrightScope, a San Diego software company focused on the financial services industry, is no longer just rating retirement plans.

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Following Their Bliss

RETAIL: Techies Take a Shine to Lasers, Find a Niche

BlissLights Inc.’s first success wasn’t in the consumer space.

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DTZ Shakes up L.A. Staff, Says No Changes Planned in San Diego

Fallout from the year-end purchase of real estate brokerage Cassidy Turley by an affiliate of DTZ Investment Holdings has hit Los Angeles.

Rudolph and Sletten Gets $78 Million Contract for Outpatient Pavilion

The San Diego office of general contractor Rudolph and Sletten Inc. has been awarded a $78 million preliminary contract to begin work on a new outpatient pavilion for UC San Diego Health Services in La Jolla.

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Business Calendar for Week of February 2, 2016

Some of the business events scheduled in the county for the week of February 2, 2015, and beyond.

Genome Pioneer Venter Joins President for Unveiling of Precision Medicine Initiative

San Diego’s genome pioneer J. Craig Venter, co-founder and CEO of Human Longevity Inc., was among leaders in the field of genomics on hand at the White House on Friday as President Barack Obama outlined his Precision Medicine Initiative.

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ImageWare Systems Conducting $12 Million Direct Offering

ImageWare Systems Inc., a San Diego-based developer of mobile and cloud-based identity management software, announced a $12 million registered direct offering of convertible preferred stock.

7 Kearny Mesa Properties Part of $4.28 Billion Auto Dealer Building Deal

Seven Kearny Mesa properties are among 324 auto dealership buildings nationwide recently acquired by New York-based Brookfield Property Partners LP in a $4.28 billion portfolio deal, according to CoStar Group and the buyer.

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NewSchool of Architecture to Host World Information Architecture Day Event

NewSchool of Architecture & Design said it has been selected as the West Coast venue for World Information Architecture Day (WIAD) 2015, a global one-day event Feb. 21 that focuses on improving how digital technologies intersect with everyday life.

Thursday, January 29

Mirati Therapeutics Announces Pricing of Public Offering

Mirati Therapeutics Inc., a company developing medicines for targeted oncology, announced the pricing of an underwritten public offering at $45 million.

Cubic Corp. Wins Federal Contract Worth as Much as $500 Million

Cubic Corp. said on Jan. 28 that it won a contract from the Defense Threat Reduction Agency that could be worth as much as $500 million over almost 10 years.

Navy Awards Task Order Worth $61.7 Million to Indus Technology

Indus Technology Inc., based in Old Town, said on Jan. 29 that it won a U.S. Navy task order that could be worth up to $61.7 million if the Navy exercises all of its options.

Anaheim Ducks to Relocate AHL Hockey Team to San Diego

The Anaheim Ducks said the National Hockey League franchise will purchase the Norfolk (Virginia) Admirals of the minor league American Hockey League and relocate the team to San Diego.

Local Economy Forecast to Continue Growing Through End of 2015

An index measuring San Diego’s economy rose 1.3 percent in November, and another 0.8 percent in December, marking seven consecutive months of gains, and signaling continued growth at least through the end of this year.

Qualcomm Life, Roche Group to Collaborate

Qualcomm Life Inc., the mobile health-focused subsidiary of Qualcomm Inc., announced a collaboration with the Roche Group to innovate remote monitoring and management of patients with chronic diseases.

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San Diego County Hotels Get National Recognition

Several San Diego County hotels recently took national honors in annual rankings and designations by prominent hospitality and travel-related organizations.

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County’s Future Construction Dollar Value Rose 13 Percent in 2014

The value of San Diego County’s contracts for future construction rose 13 percent in 2014 from the prior year, topping $3.9 billion, according to the latest figures from Dodge Data & Analytics, formerly McGraw-Hill Construction.

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BofI Holding Reports Record Q2 Net Income of $19.4 Million

BofI Holding Inc., parent company of BofI Federal Bank, the San Diego-based online lender, reported record fiscal 2015 second-quarter net income of $19.4 million, up 47 percent from the like quarter of fiscal 2014.

Wednesday, January 28

National Funding Expanding Business to Include Broker Services

National Funding, a San Diego private small business lender, said it expanded its business to include broker services to fund loans.

Qualcomm Reports Record Q1 Revenue, Revises Revenue Forecast

Shares of Qualcomm Inc. dipped more than 9 percent into the $65 range during after-hours trading on Jan. 28 as the company reported record revenue and increased earnings for its first quarter — but decreased its revenue forecast for the second half of the year.

BioNano Genomics Reports Raising $68.5 Million in Financing

San Diego-based BioNano Genomics Inc., a genome-mapping device company, has raised $68.5 million in financing, according to a recent filing with the Securities and Exchange Commission.

Carlsbad Industrial Property Sold for $5.72 Million

Heitman Holdings Inc. of Anaheim is the new owner of a Carlsbad industrial building housing Oceanside Glasstile. The property at 2293 Cosmos Ct. was purchased for approximately $5.72 million, according to CoStar Group.

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Car-Sharing Company Upgrades and Expands Fleet

Car-sharing company Car2Go N.A. LLC announced Tuesday that its more than 30,000 San Diego members will have access to a new electric smart fleet starting Wednesday.

Vista Retail Center Sold for $7.5 Million

A buyer recorded as Los Altos XV LP of Anaheim has acquired Vista Retail Center in Vista for $7.5 million, according to CoStar Group and public data.

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San Marcos Apartment Property Sold for $27 Million

Alva Gardens LP of San Diego has purchased the 108-unit Alta San Marcos apartment property in San Marcos for $27 million, according to CoStar Group and public data.

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RF Industries' President Johnny Walker Gets CEO Title

RF Industries Ltd. said its president, Johnny Carl Walker, will now also serve as the company's chief executive officer.

Tuesday, January 27

Two Businesses Chosen to Work on Five-Year Navy Contract

The U.S. Navy tapped two San Diego businesses — BAE Systems Information Solutions Inc. and Information Systems Laboratories Inc. — to work on intelligence-exploitation and targeting systems over the next five years.

USD, UCSD MBA Programs Ranked Among World's Best

The Financial Times has named the MBA programs at the University of San Diego and the University of California, San Diego as among the 100 best in the world.

Youngevity Raises $5 Million in Equity, Debt Financing

Youngevity International Inc., a global direct marketer of nutritional and lifestyle products and producer of gourmet coffees, has raised $5 million in equity and debt financing, according to a recent filing with the Securities and Exchange Commission.

Illumina Reports Fourth-Quarter Net Income of $153.3 Million

San Diego-based Illumina Inc. reported fourth-quarter net income of $153.3 million, or $1.03 per share, up from $80.7 million, or $0.56 per share, last year.

City Approves $91.3 Million Deal to Acquire Downtown Office Tower

San Diego City Council has approved a 20-year, $91.3 million lease-to-own deal, in which the city will eventually acquire the downtown San Diego office building known as Civic Center Plaza.

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San Diego Private Bank Posts Q4 Net Income of $734,000

San Diego Private Bank reported 2014 fourth-quarter net income of $734,000, compared to net income of $2 million for the like quarter of 2013.

San Diego International Airport Set Passenger Record in 2014

San Diego International Airport served a record 18.7 million passengers during 2014, the highest total seen since 2007, officials recently reported.

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Pentagon Awards General Atomics $36.5 Million Contract Modification

The Pentagon awarded La Jolla-based General Atomics more work on a power system for the Navy’s nascent electromagnetic railgun project — which military leaders say will be able to hurtle a projectile 83 miles a minute.

Monday, January 26

Tony Karklins Named General Manager of BST Bikes

BST Nano Carbon, a Rancho Bernardo manufacturer that uses advanced composite materials, named Tony Karklins general manager of BST Bikes LLC, the company’s cycling division.

Pentagon Awards Cubic Corp. Deal Worth Up to $9.9 Million

Cubic Corp. said on Jan. 26 that it received a five-year deal to provide as much as $9.9 million worth of support to the Air Force Research Laboratory at Wright-Patterson Air Force Base in Ohio.

DexCom Gets FDA Approval for Glucose-Monitoring Mobile App

DexCom Inc., a San Diego-based medical device company, announced that it has received U.S. Food and Drug Administration approval for a continuous glucose-monitoring system with data-sharing capabilities.

Brand USA Tourism Agency Shoots Promo Spots in San Diego

San Diego County sites were on the itinerary for a recent series of video shoots by Brand USA, a nationwide public-private partnership that promotes global tourism in the United States.

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Aspyrian Therapeutics Raises $8.45 Million in Equity Financing

Aspyrian Therapeutics Inc., a San Diego-based biotechnology startup, has raised $8.45 million in equity financing, according to a recent filing with the Securities and Exchange Commission.

EDF Renewable Energy Announces Commercial Operation of Hereford Wind Project

San Diego-based EDF Renewable Energy announced recently that the 200-megawatt Hereford Wind Project in Texas reached commercial operation in December. In addition, tax equity financing closed with BNY Mellon and MUFG Union Bank N.A. Financial details were not disclosed.

Bankers Hill Site of Planned Condos Sells for $12.15 Million

An affiliate of San Diego development firm Zephyr Partners has acquired a Bankers Hill land parcel for $12.15 million, with plans to develop an upscale high-rise condominium project, according to brokerage company Colliers International, which represented the seller.

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Vibra Bank Reports Q4 Net Income of $600,000

Chula Vista-based Vibra Bank reported 2014 fourth-quarter net income of $600,000, compared to $44,000 for the like quarter of 2013.

Rexford Buys Miramar Industrial Buildings for $18.4 Million

Los Angeles-based Rexford Industrial Realty Inc. has purchased a complex of five Miramar industrial buildings for $18.4 million, according to CoStar Group and public data.

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Sunday, January 25

Qualcomm Executives Get Hefty Stock Awards to Stay Put

Saying that other companies are “aggressively” using Qualcomm Inc.’s executive suite as a source for talent, Qualcomm (Nasdaq: QCOM)’s board has awarded new compensation packages for key executives.

Royal Bank Acquires City National Bank for $5.4 Billion

City National Bank, based in Los Angeles and with seven offices in San Diego, said it signed a definitive agreement to be acquired by Royal Bank of Canada in a stock and cash deal valued at $5.4 billion.

Wisconsin Terrace Apartments in El Cajon Sold for $3.9 Million

Wisconsin Apartments LLC of San Diego has purchased the 22-unit Wisconsin Terrace Apartments in El Cajon for $3.9 million, according to brokerage company Berkadia Real Estate Advisors LLC, which represented the buyer.

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Biopharmaceutical Company TRACON Announces IPO Terms

TRACON Pharmaceuticals Inc., which is developing antibodies to treat cancer, age-related macular degeneration and fibrotic diseases, announced terms for its IPO.

SCS Engineers Chosen to Provide Services on Imperial Beach Project

SCS Engineers have been contracted by Project Design Consultants to provide environmental consulting services on the City of Imperial Beach’s Palm Avenue Mixed Use and Commercial Corridor Master Plan Project, according to SCS.

The Business Calendar for the Week of January 26, 2015

Some of the business events planned in the county for the week of January 26, 2015, and beyond.

University City to be Home of Newest Coffee Bean

Los Angeles-based The Coffee Bean & Tea Leaf plans a Jan. 27 opening at 3939 Governor Drive, in San Diego’s University City neighborhood, which will be the company’s 17th location in San Diego County.

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December Unemployment Rate Dips to 5.2 Percent

San Diego’s unemployment rate fell to 5.2 percent in December from a revised 5.8 percent in November, buoyed by an increase in seasonal hiring in the retail sector.

Financial Planner Rojeck Begins Term as Chair of National Board

San Diegan Richard Rojeck has begun his role as Chair of the Board of Directors for Certified Financial Planner Board of Standards Inc., a nonprofit that certifies more than 71,000 professionals as Certified Financial Planners.

Clothing Company prAna Planning Encinitas Retail Location

Carlsbad-based apparel company prAna announced its plans to open an Encinitas store in the spring of this year.

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Friday, January 23

Qualcomm Execs Get Hefty Stock Awards to Stay Put

Saying that other companies are “aggressively” using Qualcomm Inc.’s executive suite as a source for talent, Qualcomm (Nasdaq: QCOM)’s board has proposed new compensation packages for key executives.

Vanguard Delivers Satellite Structures to Lockheed Martin

Vanguard Space Technologies Inc. said on Jan. 22 that it recently delivered two satellite bus structures to satellite-builder Lockheed Martin Corp. (NYSE: LMT).

One Paseo Threatens Integrity of Planning Process

Land planning in San Diego must have integrity.

Higgs Fletcher & Mack Promotes Three to its Partner Ranks

Lots of news at Higgs Fletcher & Mack. Loren Freestone, AnneElise Goetz and Jason Ross were recently promoted to partner. Their promotions bring the organization’s partner total to 49.

Proposed Jones Act Repeal Could Hurt Domestic Shipbuilders

A move afoot in Washington, D.C., has the potential to disrupt business at General Dynamics Nassco.

At 25, the Jewish Film Festival’s Focus Is Still on Great Cinema

The San Diego Center for Jewish Culture is presenting the San Diego Jewish Film Festival’s 25th Silver Anniversary.

Region’s Genomics Industry Could See Big Financial Boost

President Obama’s State of the Union address Jan. 20 teased the federal launch of an initiative that could provide a huge financial boost to San Diego’s genomics industry.

Federal Agencies Are Leaving Downtown Office Building

The upcoming exit by the U.S. General Services Administration from a downtown San Diego office tower could be cause for at least some temporary nervousness for the building’s owners and investors.

Repositioning Gives New Life to Older Commercial Properties

WORKSPACE: Retrofits Growing in Popularity To Attract, Retain Tenants

Now that the economy is improving, owners of older commercial buildings in San Diego County are looking for ways to make their properties more attractive to tenants.

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Architects Have Designs on Meeting Demand for Infill Work

HOUSING: Downtown Land-Use Constraints Drive Creative Approaches

During the worst days of the recession, there was little work for San Diego architects, but that has changed in recent months, leading some firms to begin hiring in preparation for a busy year ahead.

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Building Pressure

With New Construction Sluggish, Improving Economy Leads to Absorption, Higher Rents

Health care and education not only continued to fuel much of the San Diego region’s innovation economy in 2014, but they also were the primary drivers of big new construction projects.

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Golf Tournament Gives San Diego a Shot at More Tourist Dollars

SPORTS: Broadcast Shows Some of the Area’s Inviting Charms

Next week’s Farmers Insurance Open Tournament at Torrey Pines Golf Course, featuring two of the sport’s best players, Tiger Woods and local resident Phil Mickelson, should draw well over 40 million viewers to the CBS broadcast over the final two days, said Peter Ripa, the tournament director and executive director of the Century Club, the nonprofit sponsor for the event.

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Cypher Genomics, Sequenom to Partner on Developing Prenatal Tests

Two San Diego companies, Cypher Genomics Inc. and Sequenom Inc., announced an agreement to further develop next-generation noninvasive prenatal tests.

President Paints Tax Target On Big Banks, Financial Firms

Among the new proposals touted last week by President Obama to boost the nation’s middle class were free tuition for community colleges, expanding paid sick leave, and giving working families tax breaks.

Westcore Buys Industrial Facility at March Air Base for $17 Million

Westcore Properties of San Diego has purchased a ground and air industrial building on property of March Air Reserve Base near Riverside for $17 million.

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Weight-Loss Balloon Expands Options for Those With Lower BMIs

HEALTH: Financing Should Help With U.S. Approval Process

The founding team of multibillion-dollar medical device maker DexCom Inc. is working on a new project that may offer an alternative to stomach-stapling surgeries.

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Demand, Demographics Slowly Driving Up Apartment Supply

HOUSING: Developers Creatively Repurpose Sites, Pursue Mixed-Use

When it comes to building apartments in a high-demand, tight-supply market, there are few infill properties in older neighborhoods that go unused in the San Diego region.

New Outlet Is Also Effective At What It Doesn’t Deliver: Shocks

TECH: Its Safety And Connectivity Are Big Advances

Don’t let its bland or benign looks fool you.

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Neuropore Signs Collaboration Agreement

San Diego-based Neuropore Therapies Inc., a biotechnology firm, has entered into a collaboration agreement with Belgium-based UCB S.A. to develop and commercialize products that may slow the progression of Parkinson’s disease and related disorders.

MiraCosta, Mesa Colleges Part of Pilot Program

EDUCATION: Two Local Schools Among 15 Chosen in the State

MiraCosta College and Mesa College have been given the initial OK by the California Community Colleges Board of Governors to host pilot baccalaureate programs.

Company’s App to Amplify Grammy Experience

TECH: Viewers Will Be Able to Watch On Phone, Tablet

A Pacific Beach business is working to make the Grammy Awards, set for Feb. 8, into a two-screen experience.

Asking the Right Questions On New Stadium

For those who patiently hold out hope for a new multi-use stadium that could host 30-plus events a year, look no farther than Solana Beach.

Tax Credits Keep Companies in State

FINANCE: It Pays to Stay For 8 Local Businesses

Looking to expand but not thrilled with the business climate in California, Santee-based Quality Controlled Manufacturing Inc. was considering relocating to another state a few years ago.

Small Businesses Face Burden of New Laws

LEGAL: Compliance More Difficult for Some Firms

Burke Jones mulls a list of expenses for his three UPS Store franchises.

Telehealth Pod Brings Care to Campuses

MEDICINE: Kaiser Part Of National Pilot Project

Kaiser Permanente San Diego is testing a high-tech telehealth station that allows patients to see a doctor without ever leaving work.

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Fresh Face

RETAIL: Haggen Is Making Big Entrance To Local Grocery Scene

Starting in early March, shoppers will have yet one more player vying for their dollars and loyalty in the already crowded San Diego County grocery game.

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Encinitas Retail Location Planned for Clothing Company prAna

Carlsbad-based apparel company prAna announced its plans to open an Encinitas store in the spring of this year.

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San Diego Medical Office Building Sells for $3.45 Million

Activity MOB LLC, an affiliate of Oasis Medical Center of San Diego, has acquired a Miramar office property for $3.45 million, according to Voit Real Estate Services, which represented the seller.

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Business Events Calendar for Week of January 26, 2015

Some of the business events planned in the county for the week of January 26, 2015, and beyond.

El Cajon Apartment Property Sells for $3.9 Million

Wisconsin Apartments LLC of San Diego has purchased the 22-unit Wisconsin Terrace Apartments in El Cajon for $3.9 million, according to brokerage company Berkadia Real Estate Advisors LLC, which represented the buyer.

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Coffee Bean Opening New Café in University City

Los Angeles-based The Coffee Bean & Tea Leaf plans a Jan. 27 opening at 3939 Governor Drive, in San Diego’s University City neighborhood, which will be the company’s 17th location in San Diego County.

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SCS Chosen for Environmental Consulting on I.B. Commercial Corridor Project

SCS Engineers have been contracted by Project Design Consultants to provide environmental consulting services on the City of Imperial Beach’s Palm Avenue Mixed Use and Commercial Corridor Master Plan Project, according to SCS.

TRACON Pharmaceuticals Announces Terms for IPO

TRACON Pharmaceuticals Inc., which is developing antibodies to treat cancer, age-related macular degeneration and fibrotic diseases, announced terms for its IPO.

Seasonal Hiring Drops Unemployment Rate to 5.2 Percent in December

San Diego’s unemployment rate fell to 5.2 percent in December from a revised 5.8 percent in November, buoyed by an increase in seasonal hiring in the retail sector.

Rojeck Assumes Chair Role for Certified Financial Planner Board of Standards

San Diegan Richard Rojeck has begun his role as Chair of the Board of Directors for Certified Financial Planner Board of Standards Inc., a nonprofit organization that certifies more than 71,000 professionals as Certified Financial Planners.

City National Bank to be Acquired for $5.4 Billion

City National Bank, based in Los Angeles and with seven offices in San Diego, said it signed a definitive agreement to be acquired by Royal Bank of Canada in a stock and cash deal valued at $5.4 billion.

Thursday, January 22

Solana Beach Investment Firm Promotes Three Top Staffers

Gurtin Fixed Income Management LLC, a Solana Beach-based investment firm specializing in municipal bonds, promoted several top staffers as it grows its team.

ResMed's Q2 Income of $91.2 Million Surpasses Expectations

ResMed Inc. reported fiscal second-quarter net income of $91.2 million on Thursday.

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California Tribal Leaders to Discuss Gaming Industry's Future

Leaders of California Indian tribes that run casino and hospitality businesses will convene on the Rincon reservation outside Valley Center next month to discuss what’s next for their industry.

El Cerrito Tagged as Nation's Most Popular Neighborhood

The most popular neighborhood in the nation is El Cerrito in East San Diego, says Redfin, the Seattle-based real estate brokerage.

Otonomy Files for Proposed Follow-On Public Offering

San Diego-based Otonomy Inc. has filed for a proposed follow-on public offering of $75 million of its common stock.

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Wednesday, January 21

Trovagene Expands Collaboration With Genomac Research Institute

San Diego-based Trovagene Inc., a molecular diagnostics company, announced that it will expand the clinical collaboration with Genomac Research Institute in Prague, Czech Republic.

Silvergate Capital Obtains $8 Million Stock Investment

Silvergate Capital Corp., parent company to San Diego-based Silvergate Bank, obtained $8 million in a stock investment from BankCap Partners, a Dallas-based private equity firm, at the end of last year, providing funds for expanding and for repurchasing existing stock, said CEO Alan Lane.

Seacoast Commerce Banc Reports Q4 Net Income of $830,000

Seacoast Commerce Banc Holdings, the parent company for Seacoast Commerce Bank, reported 2014 fourth-quarter net income of $830,000, compared to net income of $251,000 for the same quarter in 2013.

Three Local Properties Part of $482 Million Apartment Portfolio Deal

Three San Diego County properties are part of a 14-property apartment portfolio acquired by Los Angeles-based TruAmerica Multifamily for approximately $482 million.

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General Atomics Receives Multimillion-Dollar Contract

General Atomics Aeronautical Systems Inc. of Poway received a multimillion-dollar contract to provide logistics support for unmanned aircraft operated by the United Kingdom. The Pentagon announced the award — which is not to exceed $34.6 million — on Jan. 20.

Qualcomm Shares Dip on Reports of Samsung Using Its Own Chip

Media reports that Samsung does not plan to use Qualcomm Inc.’s Snapdragon 810 chip for its next smart phone apparently sent Qualcomm (Nasdaq: QCOM) shares lower on Jan. 21 before they quickly recovered.

Oceanside Industrial Park Acquired for $7.5 Million

Investment firm SR Commercial of Solana Beach has purchased the five-building Oceanside Commerce Center industrial park in Oceanside for $7.5 million.

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RF Industries Completes $4.1M Acquisition of Comnet Telecom

RF Industries Ltd., the San Diego maker and distributor of cable assemblies used by wireless carriers, said it completed the acquisition of Comnet Telecom Supply Inc. of New Jersey for $4.15 million.

Tuesday, January 20

Lytx Inc. Reports Record Growth in 2014

Lytx Inc., the San Diego provider of video recording services for the transportation industry, said it enjoyed a banner year in 2014, with record growth of 57,000 new subscriptions-in-service, reaching an all-time high of 200,000 SIS.

Mesa, MiraCosta Colleges Chosen for Pilot Baccalaureate Programs

MiraCosta College and Mesa College have been given the initial OK by the California Community Colleges Board of Governors meeting to host pilot baccalaureate programs.

Hilton San Diego Bayfront Ranks Among Top U.S. Meeting Hotels

Downtown’s Hilton San Diego Bayfront hotel placed sixth in a recent national ranking of the nation’s top 100 group-meeting hotels by event management technology provider Cvent Inc.

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Japan to Buy Global Hawk Aircraft from Northrop Grumman

Northrop Grumman Corp. has confirmed that the Japanese government plans to buy the company’s Global Hawk high-altitude reconnaissance aircraft. Specifics of the buy, however, are not yet available.

One Roof Energy Group Announces Investors for Financing

One Roof Energy Group Inc., a San Diego provider of solar energy financing services, said investors in a planned $15 million convertible notes financing include existing investors Black Coral Capital and Spindrift Equities LLC as well as certain other unaffiliated investors.

Barbara Sawrey Re-Elected to American Chemical Society Board

Barbara Sawrey, associate vice chancellor for undergraduate education at the University of California, San Diego, was re-elected director-at-large of the board of directors of the American Chemical Society (ACS).

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Public Memorial Set for SAIC Founder J.R. Beyster

A public memorial for J.R. Beyster, founder and longtime CEO of defense contractor SAIC, is scheduled for 2 p.m. Saturday, Jan. 31 at the Hilton San Diego Resort & Spa, 1775 East Mission Bay Drive. Beyster died on Dec. 22 at age 90.

Hillcrest Apartment Property Sells for $10.6 Million

A buyer recorded as 25316 Malibu Road LLC has purchased the 54-unit Georgia Regency Apartments in San Diego’s Hillcrest neighborhood for approximately $10.6 million, according to ACRE Investment Real Estate Services, which represented the buyer.

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Scott Evans Named CEO of Sharp Grossmont Hospital

Sharp Grossmont Hospital announced that Scott Evans has been named chief executive officer and senior vice president of the 540-bed acute care hospital in East San Diego County.

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Monday, January 19

AT&T Offering High-Speed Internet Service to Some Businesses

AT&T Inc. has started marketing a high-speed Internet service called AT&T Business Fiber in multitenant office buildings in San Diego.

Sycuan Band Elects Cody Martinez Chair of Tribal Council

The new year brought new leadership to the Sycuan Band of the Kumeyaay Nation, which runs the Sycuan casino and resort properties east of El Cajon.

Fitch Upgrades Palomar Health's Outlook from Negative to Stable

Fitch Ratings officials, previously concerned with Palomar Health’s outstanding debt, recently upgraded what had been a negative outlook to stable – citing increasing financial stability and a good market position as key drivers for the revision.

Genentech, Human Longevity Sign Multiyear Agreement

San Diego-based Human Longevity Inc. announced a multiyear agreement with Oceanside's Genentech, a member of the Roche Group, to conduct whole genome sequencing of tens of thousands of samples from Genentech.

Andrew Viterbi to be Inducted into Entrepreneur Hall of Fame

CONNECT, the San Diego nonprofit that fosters innovative technology, said it selected Andrew Viterbi, who co-founded Qualcomm Inc. and served as its first chief technical officer, for induction into its Entrepreneur Hall of Fame.

San Diego Firm Buys Retail Property Near Atlanta for $6.4 Million

PREF Glenridge LLC, an affiliate of San Diego-based Paragon Real Estate Fund, has purchased the retail portion of the mixed-use Glenridge Springs residential development near Atlanta for $6.4 million.

Fresh Healthy Vending Sites 115 Machines in December

Fresh Healthy Vending International Inc., a San Diego franchisor of vending machines of healthy snacks, said it completed the procurement of 115 new locations for its machines across the country in December.

Kearny Mesa Office Property Sells for $43.5 Million

T-C Copley LLC, an affiliate of New York-based pension fund TIAA-CREF, has purchased the Copley Corporate Center office property in Kearny Mesa for $43.5 million, according to CoStar Group and public data.

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Sunday, January 18

RCB Ranch Acquires La Jolla Retail Properties for $26.5M

RCB Ranch Inc. has acquired the Girard Plaza and adjacent Ralph Lauren retail buildings in La Jolla for $26.5 million, according to Flocke & Avoyer Commercial Real Estate, which represented the seller.

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App Developed by MJD Interactive Will Amplify Grammy Experience

A Pacific Beach business is working to make the Grammy Awards, set for Feb. 8, into a two-screen experience.

Navy Awards $16.4 Million Task Order to I.E.-Pacific Inc.

A San Diego construction company will renovate and build facilities at Naval Base Ventura County to accommodate the U.S. Navy’s new Triton unmanned aircraft.

The Business Calendar for the Week of January 19, 2015

Some of the business events planned for the county for the week of January 19, 2015.

Self-Serve Passport Kiosks Introduced at San Diego Airport

San Diego International Airport has introduced new automated passport control kiosks, which officials said will expedite the re-entry process for U.S., Canadian and other international travelers eligible under the visa waiver program.

Neuropore, UCB S.A. Sign Collaboration Agreement

San Diego-based Neuropore Therapies Inc., a biotechnology firm, has entered into a collaboration agreement with Belgium-based UCB S.A. to develop and commercialize products that may slow the progression of Parkinson’s disease and related disorders.

Tuscany Ridge Apartments Sold to MG Properties Group

MG Properties Group of San Diego has acquired the 220-unit Tuscany Ridge Apartments in Temecula for approximately $38.8 million from an institutional investor.

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Strategic Wealth Management Division Launched by Canter Cos.

Canter Cos., a San Diego full-service investment and real estate firm founded in 2007, launched a new division, Canter Strategic Wealth Management, which aims to bridge the gap between real estate services and investment opportunities.

Friday, January 16

Neuropore Therapies to Collaborate With Belgian-Based UCB S.A.

San Diego-based Neuropore Therapies Inc., a biotechnology firm, has entered into a collaboration agreement with Belgium-based UCB S.A. to develop and commercialize products that may slow the progression of Parkinson’s disease and related disorders.

I.E.-Pacific Inc. Receives $16.4 Million Order From Navy

A San Diego construction company will renovate and build facilities at Naval Base Ventura County to accommodate the U.S. Navy’s new Triton unmanned aircraft.

A Visit to La Costa Can Turn Into a Lifetime of Luxury Living

One of the sweetest spots to have lunch in San Diego County is at Bistro 65 at the Omni La Costa Resort & Spa.

When It Comes to Auto Loans, Credit Unions Are On Board

FINANCE: Auto Lending Up 44% At Local Institutions

Credit unions are benefiting from a national trend of consumers replacing their aging vehicles and borrowing money at historically low interest rates.

Mortgage Assurance

Local Credit Unions See Growing Market For Mortgage, Home Equity Lending

Once known primarily for making auto loans, more credit unions are expanding their mortgage lending, taking up some of the slack created from banks exiting the business.

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Downtown Partnership Seeks to Raise Profile of Digital Prowess

MARKETING: Cluster Of Online Marketing Firms Aims to Brand San Diego

Now that downtown San Diego has a thriving cluster of digital marketing firms, stakeholders are plotting how to sustain the momentum.

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Pacific Beach Company Creates App to Watch Grammy Awards

A Pacific Beach business is working to make the Grammy Awards, set for Feb. 8, into a two-screen experience.

New Kitchen Will Help Urban Angels Feed the Homeless

PATH (People Assisting The Homeless) in downtown San Diego recently recognized local nonprofit Urban Angels with a special kitchen and dining area dedication ceremony at Connections Housing.

Healthy North Island Credit Union Ready to Ramp Up Lending

Like a lot of businesses, North Island Credit Union (NICU) has been through some difficult times.

Qualcomm’s Patent Prowess Chips Away at Some Leaders in IP

By now, that famous patent wall should be stretching out the door and across Morehouse Drive.

Mayor Faulconer Forms Committee, Pledges to Resolve Stadium Issue

CIVIC: Speech Touches On Business, Education And Basic Infrastructure

San Diego Mayor Kevin Faulconer pulled a page from former Mayor Dick Murphy’s playbook in his Jan. 14 State of the City address, saying he will form a group of civic leaders to study the Chargers stadium issue.

New GOP-Led Congress Aims to Repeal Medical Device Tax

HEALTH: Strong Bipartisan Support For Nixing Controversial Levy

During the opening session of the newly-elected Congress, a bipartisan group of politicians introduced yet another measure to repeal the medical device tax.

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Style and Security Pay Off With High-Tech Billfold, iWallet

TECH: Accessory Alerts Owner If the Two Get Separated

Few things in life cause as much anxiety as losing a wallet, but a San Diego business has come up with a device that makes that experience less likely.

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TVC Raises $115M for Equity Fund

San Diego-based TVC Capital, a software-focused growth equity firm, announced the closing of TVC Capital III with $115 million in capital commitments.

Supreme Court Declines Convention Center Case

LEGAL: Lawsuit By Company Claimed Antitrust Violations

The U.S. Supreme Court has declined to review an August lower-court ruling favoring the San Diego Convention Center in an antitrust lawsuit brought against center operators.

New Players Shaping Commercial Real Estate

PROPERTY: DTZ, Cassidy Turley Merge Complementary Skill Sets

Pushed by national and global forces, San Diego’s maturing commercial real estate brokerage industry continues to evolve, with the DTZ brand making its first appearance in the local market following that company’s recent merger with Cassidy Turley.

Boardroom Bows Out From Its Helping Role

Grace Decker has put the word out: The Boardroom San Diego is closing down. The final session is Jan. 27.

Millennials Changing Health Care Model

MEDICINE: More Personal, Complete Services Sought

If it wasn’t already apparent by the flocks of twenty-somethings scanning labels in supermarkets — inquiring if the chicken is hormone-free, if the beef is grass-fed and if the produce is organic — market research has confirmed that the millennial generation is the most health-conscious to date,

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Drug Uses Trick Play In Weight-Loss Game

BIOTECH: S.D. Has Novel Therapies for Fat Fight

Maybe it’s the beaches, bikinis and sunshine. Maybe it’s the local talent pool.

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Digital Cluster Begins Taking Root

MARKETING: Workforce Finds Downtown Stimulating

As digital marketers develop innovative ways to promote products and brands, they increasingly are embracing downtown San Diego as a place to work and live.

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Business Calendar for Week of Jan. 19, 2015

Some of the business events planned in the county for the week of January 19, 2015, and beyond.

High Hopes

TOURISM: Ferris Wheel Proposals May Face an Uphill Battle

Three development groups each want to put a towering Ferris wheel on downtown San Diego’s waterfront, but the contentious history of projects in that neighborhood suggests the odds are stacked against any of the proposals coming to fruition anytime soon.

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La Jolla Retail Buildings Sold for $26.5 Million

RCB Ranch Inc. has acquired the Girard Plaza and adjacent Ralph Lauren retail buildings in La Jolla for $26.5 million, according to Flocke & Avoyer Commercial Real Estate, which represented the seller.

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MG Properties Buys Temecula Apartments for $38.8 Million

MG Properties Group of San Diego has acquired the 220-unit Tuscany Ridge Apartments in Temecula for approximately $38.8 million from an institutional investor.

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Canter Cos. Launches Wealth Management Division

Canter Cos., a San Diego full-service investment and real estate firm founded in 2007, launched a new division, Canter Strategic Wealth Management, which aims to bridge the gap between real estate services and investment opportunities.

Thursday, January 15

Qualcomm Announces Quarterly Dividend of 42 Cents Per Share

Qualcomm Inc. announced a quarterly cash dividend of 42 cents per share, payable on March 25 to stockholders of record at the close of business on March 4.

Gerald Choung Named Vice President of Sales at ESET

Anti-virus maker ESET has named Gerald Choung as its vice president of sales.

San Diego Airport Gets Automated Passport Control Kiosks

San Diego International Airport has introduced new automated passport control kiosks, which officials said will expedite the re-entry process for U.S., Canadian and other international travelers eligible under the visa waiver program.

Qualcomm Investing Undisclosed Sum in Satellite System

Qualcomm Inc. is investing an unspecified sum of money in a constellation of 648 micro satellites meant to provide Internet service to portions of the world that don’t have it, according to the satellite provider.

Old Town Building Housing Charter School Sells for $4.85 Million

CRI Old Town LP has purchased a San Diego office building occupied by Old Town Academy Charter School for $4.85 million, according to brokerage company Colliers International, which represented the seller.

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LaSalle Joins IDEA1 Development Venture in East Village

Chicago-based LaSalle Investment Management has joined the development venture working on the previously announced, $90 million IDEA1 mixed-use development in downtown San Diego’s East Village.

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Obalon Announces Completion of $30 Million in Financing

San Diego-based Obalon Therapeutics Inc., a private medical technology company, announced the completion of $30 million in financing to advance the development of their weight-loss device.

Major League Baseball Awards San Diego 2016 All-Star Game

Major League Baseball announced that the 2016 All-Star Game will be held at Petco Park, an event the San Diego Padres have been lobbying for over several years.

Mayor Forms Committee, Pledges to Resolve Chargers Issue

San Diego Mayor Kevin Faulconer pulled a page from former Mayor Dick Murphy’s playbook in his Jan. 14 State of the City address, saying he will form a group of civic leaders to study the Chargers stadium issue.

Wednesday, January 14

Median Home Price Increases to $440,000 in December

San Diego’s median price for a house increased by $10,000 from November to December to $440,000. That was 4.8 percent above the median price in December 2013, according to CoreLogic Dataquick.

TVC Capital Closes $115 Million Fund

San Diego-based TVC Capital, a software-focused growth equity firm, announced the closing of TVC Capital III with $115 million in capital commitments.

TruMed Systems Moves From EvoNexus to Irvine Co. Space

TruMed Systems Inc., a medical device company, graduated from the San Diego-based incubator EvoNexus with a $5.5 million Series B funding round, according to a recent press release.

Supreme Court Declines to Hear Convention Center Antitrust Case

The U.S. Supreme Court has declined to review an August lower-court ruling favoring the San Diego Convention Center in an antitrust lawsuit brought against center operators.

Barney & Barney Names Berk Its New CFO

San Diego-based Barney & Barney Insurance Services LLC, a division of Marsh & McLennan Agency LLC, named Steven Berk its new chief financial officer.

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Renovation to Follow $6.5 Million Purchase of Carmel Mountain Ranch Property

Chicago-based investment firm Singerman Real Estate LLC has teamed with Hill Properties of La Jolla to acquire a Carmel Mountain Ranch office and industrial property for $6.5 million.

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Capstone Advisors Acquires Costa Rica Land for Luxury Development

Capstone Advisors, a Carlsbad-based real estate investment and development firm, has purchased a 479-acre land parcel in Costa Rica, with plans for a $40 million first-phase hotel and luxury residential project.

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Adamis Pharmaceuticals Reports Raising $10.6 Million in Public Offering

Adamis Pharmaceuticals Corp., a San Diego-based biopharmaceutical company, raised about $10.6 million in a previously announced public offering, according to a recent company press release.

Guild Mortgage Opens Operations Center in Reno, Nev.

Guild Mortgage Co., the San Diego private mortgage bank, said it opened an operations center in Reno, Nev.

Tuesday, January 13

Kristin Elliott Named CEO of Precision Measurement Engineering

Precision Measurement Engineering, Inc., an internationally known oceanographic and freshwater instrument design corporation, announced that its Board of Directors has appointed Kristin M. Elliott as Chief Executive Officer, effective immediately.

Reven Housing Acquires 76 houses in Florida, Tennessee

Reven Housing REIT Inc., a real estate investment trust based in La Jolla, said it acquired 76 single family houses in 15 separate transactions in the Jacksonville, Fla. and Memphis, Tenn. areas last month.

ImageWare Joins Tech Partner Program of New York Company

San Diego-based ImageWare Systems Inc., a developer of mobile and cloud-based identity management solutions, announced it is participating in the CA Technologies Tech Partner Program with an advanced partner membership status.

West Coast Air Conditioning Announces Leadership Changes

El Cajon-based West Coast Air Conditioning Co. Inc. announced new leadership roles for the company. David Dudley is taking the chairman of the board role. He appointed James Clower as president, a position Dudley held since 1988, and Matt Fisher as CEO.

Gourmet Dessert Maker CREAM to Franchise 13 locations in San Diego

Millbrae, Calif.-based CREAM Inc., which makes gourmet ice cream sandwiches, plans to franchise 13 locations in San Diego, the first two opening later this year.

Software Firm Parallel 6 Acquires The Agency San Diego

Parallel 6, a San Diego software firm specializing in mobile management engagement, said it acquired The Agency San Diego, a marketing design firm, for an undisclosed price.

Downtown’s First Allied Plaza Tower Sold for $156.8 Million

The San Francisco office of MetLife Inc. has purchased the First Allied Plaza office tower in downtown San Diego for approximately $156.8 million, according to CoStar Group and public data.

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W Hotel Owners Obtain $31.2 Million in Refinancing

Owners of the W Hotel in downtown San Diego have obtained $31.2 million in senior loan refinancing, according to Los Angeles-based real estate investment services firm PCCP LLC, which provided the financing.

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Point Loma Retail Center Sells for $7.4 Million

San Diego-based Investcal Realty Corp. has purchased the Shelter Island Village retail center in Point Loma for $7.4 million, according to Flocke & Avoyer Commercial Real Estate, which represented the seller.

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Monday, January 12

Median Home Price Jumped 9 Percent in 2014 to $495,000

San Diego’s median price on previously owned houses increased 9 percent in 2014, not as dramatic as the 20 percent jump in 2013, but more sustainable and realistic, according to the Greater San Diego Association of Realtors.

Brokerage Firm Kidder Mathews Opens San Diego Office

Commercial real estate brokerage company Kidder Mathews has opened a new office in San Diego, the first in Southern California for the Seattle-based company.

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Ligand Pharmaceuticals Partner's Drug Receives Orphan Designation

San Diego-based Ligand Pharmaceuticals Inc. announced that its partner New York-based Retrophin Inc. has received orphan drug designation from the U.S. Food and Drug Administration for Sparsentan, a drug developed to treat scar tissue in the filtering unit of the kidney.

Marketing Agency AdEase Changes Name to Civilian

Community-centric marketing agency AdEase says it has changed its name to Civilian to better reflect the communications specialist’s character and sense of purpose. The change is effective immediately, announced CEO and founder Stacey Nelson Smith.

Trovagene Inc. Announces Collaboration With UCSD Moores Cancer Center

Trovagene Inc., a San Diego molecular diagnostics company, announced that it has entered into a clinical collaboration with the University of California, San Diego's Moores Cancer Center.

Initial Concrete Pours Completed on Central Courthouse Project

Initial concrete pours were recently completed for the new $555 million downtown San Diego Central Courthouse, according to the local office of general contractor Rudolph and Sletten.

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Encore Capital Agrees to Settlement with New York AG's Office

Encore Capital Group Inc., the San Diego buyer and collector of charged off credit card debt, agreed to a settlement with the New York State Attorney General’s office over allegations of using improper debt collection methods against thousands of New York consumers, the office said.

Four Apartment Properties in Park West Sold for $6 Million

Investor Dan Floit of San Diego has purchased four apartment properties in the city’s Park West neighborhood for $6 million, according to CoStar Group and public data.

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Sunday, January 11

Marine Group Boat Works Receives $45M in Navy Contracts

Chula Vista-based Marine Group Boat Works LLC said it recently pulled in more than $45 million in contracts to build 27 small boats for the U.S. Navy.

Arcturus Partners With Canadian Company for Manufacture of RNA Medicines

San Diego-based Arcturus Therapeutics and Canadian company Precision NanoSystems announced a partnership for the manufacture of RNA medicines.

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Software Company Measurabl Inc. Raises $2.3M in Financing Round

Measurabl Inc., a San Diego-based startup that makes software for companies to track environmental metrics, has raised $2.3 million in funding according to a recent business filing.

AMN Healthcare Announces Completion of Acquisitions From OGH

San Diego-based AMN Healthcare Services Inc., a health care staffing company, announced the completion of the previously announced acquisitions of Onward Healthcare, Locum Leaders and Medefis from OGH LLC for a total purchase price of $82.5 million.

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PriceSmart Inc. Reports Q1 Results for Fiscal 2015

PriceSmart Inc. said its net warehouse club sales increased 7.9 percent to $636.4 million for the first quarter of fiscal 2015 which ended November 30, 2014, compared with $589.7 million in the first quarter of fiscal year 2014.

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The Business Events Calendar for the Week of January 12, 2015

Some of the business events planned in the county for the week of January 12, 2015, and beyond.

Office Building Near Mission Bay Sells for $3M

JWJ Properties One LLC of San Diego has purchased an office building near Mission Bay for $3 million, according to brokerage company Colliers International, which represented the seller.

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San Diego Retail Building Brings $2.46 Million

Andrew Gray Trust of San Diego has purchased a multitenant retail building in the city’s Morena neighborhood for $2.46 million, according to brokerage company Lee & Associates, which represented the seller.

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Charter School Operator Buys a Poway Property for $2.35M

Charter school operator Element Education Inc. of Escondido has purchased a commercial daycare center building in Poway for $2.35 million, according to brokerage company Pacific Coast Commercial, which represented the buyer.

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Friday, January 9

AMN Announces Completion of Acquisitions From OGH

San Diego-based AMN Healthcare Services Inc., a health care staffing company, announced the completion of the previously announced acquisition of Onward Healthcare, Locum Leaders and Medefis from OGH LLC for a total purchase price of $82.5 million.

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How to Feel Good About New Food-Waste Law

Waste diversion isn’t rocket science, but getting people to put the right stuff in the right bin has always been an uphill battle.

Businesses and Groups Make the Holidays Happy for Many

San Diegans really turned out this holiday season for many good causes and events. My inbox was overflowing with news of individuals, businesses and nonprofits that gave generously of their time and money.

AltheaDX and BeneChill File For IPO on Same Day

AltheaDx Inc., a San Diego-based molecular diagnostics firm, joined the biotech IPO boom in late December when the company filed a preliminary prospectus with the U.S. Securities and Exchange Commission stating its plans to raise $69 million in an initial public offering.

CES Offers a Full Plate of the Latest Technology and a Cookie

So much to see! The consumer electronics show in Las Vegas — aka 2015 International CES — offers the sprawling, overwhelming spectacle of a world’s fair while showing off the newest in technology that ordinary folks can get their hands on.

Law Firms Bring on Board Some Key Additions to Their Teams

Nadia Ruyle has joined the impressively growing Shustak & Partners law firm as an associate.

ACA Means Business in 2015; Other New Laws Bring Changes

The California Legislature had an active year, adding 930 new laws that will come into effect in 2015 – many of which aim to reform the state’s health care industry. These come as the federal health care reform hits businesses in a big way this year.

Bank Ratings Don’t Always Provide Perfect Picture of Institutions

At the end of last month, Seacoast Commerce Bank in Rancho Bernardo put out a release trumpeting the fact that it received a 5-star, Superior rating, the highest possible, from Bauer Financial Inc., a nationally recognized bank-rating firm that many consumers use to determine the safety and strength of a bank.

Second Boutique Hotel Likely for Imperial Beach Coastal Location

For years, the city of Imperial Beach struggled to capture the attention of upscale hotel developers and beach visitors more focused on places like Coronado, La Jolla and Del Mar. Now it appears that conditions are lining up for the city to get its second boutique hotel along Seacoast Drive.

Look Who’s Talking: Internet of Everything Keeps Expanding

TECH: Connections Could Open Up a New Universe of Opportunities

Wi-Fi in a rice cooker?

Local Firms Get Dibs at Car Rental Center

SMALL BIZ: New Site Is Looking to Fill Various Service Roles

As construction on a $316 million rental car center reaches the midpoint at San Diego International Airport, officials are giving local and small businesses the chance to provide vital operating services once the facility is up and running in 2016.

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Company Sees Winning Combo With Gamers, Fantasy Leagues

TECH: Platform Brings Opportunity to Monetize Enthusiasm

Todd Peterson thinks he sees the future, and it’s pretty much like the present: He sees people relaxing and engaged, watching pro sports.

Three Satellite Contracts Worth $40M for Kratos

Kratos Defense & Security Solutions Inc. said that it recently received three satellite communications contracts collectively worth $40 million. The company did not name its customers.

Aethlon Device Approved For Treating Patients

BIOTECH: Firm’s Hemopurifier Makes A Top Invention List

San Diego-based Aethlon Medical Inc., a medical device company developing therapies for infectious diseases and cancer, announced that the U.S. Food and Drug Administration has approved a clinical protocol to treat Ebola-infected individuals in the U.S. with the Aethlon Hemopurifier.

ViaSat Chooses SpaceX for Its Satellite Launch

SPACE: Price of ViaSat-2 Launch Has Not Been Revealed

The first step into orbit is finding someone to take you there. ViaSat Inc. has chosen Elon Musk’s SpaceX to put its ViaSat-2 satellite into orbit in 2016.

NAMM Helped Push Innovation

The Consumer Electronics Show, which just wrapped up in Las Vegas, has evolved into the coolest of all trade shows. Among the more than two dozen San Diego-area companies showcasing products were Qualcomm (many things), iWallet (secure and connected wallet) and Independa (cloud-based remote connectivity to help care for seniors).

Health Tracking Goes Deep With This New Device

BIOTECH: Markers Are Measured on Molecular Level

Notable investors, and even a Hollywood star, are betting millions on the Cue, a diagnostic device and consumer health product that may one day be as ubiquitous as the household thermometer.

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Charter School Operator Buys Poway Property for $2.35 Million

Charter school operator Element Education Inc. of Escondido has purchased a commercial daycare center building in Poway for $2.35 million, according to brokerage company Pacific Coast Commercial, which represented the buyer.

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PriceSmart announces First Quarter Results

PriceSmart Inc. said its net warehouse club sales increased 7.9 percent to $636.4 million for the first quarter of fiscal 2015 which ended November 30, 2014, compared with $589.7 million in the first quarter of fiscal year 2014.

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Recovery to Keep Rolling in 2015

ECONOMY: Experts See Competition for Workers

A recurring theme at the San Diego Business Journal’s 2015 Economic Trends Event centered on a refreshingly direct result of expanding national and regional economies — hiring and keeping the region’s abundance of top talent.

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Will Hot Biotech IPO Market Overheat?

FINANCE: Experts Differ On Bonanza’s Sustainability

Remember the get-rich-quick fervor that inspired the dot-com boom in the late ’90s?

A Shot In the Arm

TOURISM: Doctor Groups Driving Convention Business

San Diego Convention Center officials say the facility should continue to benefit from a post-recession uptick in corporate meetings during 2015, particularly from medical groups, even as questions linger regarding how to expand the center to meet expected long-term growth in demand for space.

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San Diego Retail Building Acquired for $2.46 Million

Andrew Gray Trust of San Diego has purchased a multi-tenant retail building in the city’s Morena neighborhood for $2.46 million, according to brokerage company Lee & Associates, which represented the seller.

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Office Building Near Mission Bay Sold for $3 Million

JWJ Properties One LLC of San Diego has purchased an office building near Mission Bay for $3 million, according to brokerage company Colliers International, which represented the seller.

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Business Events Calendar for Week of January 12, 2015

Some of the business events planned in the county for the week of January 12, 2015, and beyond.

Thursday, January 8

Seismic Completes $20 Million Series B Funding Round

Solana Beach-based Seismic said on Jan. 8 that it completed a $20 million series B funding round led by JMI Equity.

Trovagene Announces Clinical Collaboration With City of Hope

Trovagene Inc., a San Diego molecular diagnostics company, announced that it has entered into a clinical collaboration with Los Angeles-based City of Hope, a research and treatment center for cancer, diabetes and other life-threatening diseases

Carlsbad-Based Process Peak Acquired by FranConnect

FranConnect Inc. of suburban Washington, D.C. has acquired Carlsbad-based Process Peak, the buyer announced on Jan. 8. Terms of the deal were not immediately available.

WD-40 Reports First-Quarter Net Income of $10.8 Million

WD-40 Co., the San Diego maker of household products, reported 2015 first-quarter net income of $10.8 million, down 6 percent from the like quarter of the prior fiscal year.

Joint Venture Buys Vista Apartment Property for $86.2 Million

Los Angeles-based TruAmerica Multifamily and joint venture partner Investcorp of New York announced their purchase of the 456-unit Waterleaf Apartments in Vista for $86.2 million, in an off-market transaction.

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Vista Retail Center Sells for $10.2 Million

Gershman Properties of Los Angeles has acquired the Breeze Hill Plaza retail center in Vista for approximately $10.2 million, according to retail property advisory firm Faris Lee Investments, which represented the seller.

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Ansun Biopharma to Pay $2 Million to Settle Fraud Complaints

San Diego-based Ansun Biopharma Inc. will pay about $2 million to settle civil and criminal complaints about submitting false and fraudulent claims on grants and a contract with the National Institutes of Health (NIH).

Two Sorrento Valley Properties Sold for $23.1 Million

Buchanan Street Partners of Newport Beach has purchased two neighboring office and industrial buildings in Sorrento Valley for approximately $23.1 million, according to CoStar Group and public data.

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Wednesday, January 7

Escondido-Based Detectent Sold to Silver Springs Network for $12 Million

Silver Spring Networks Inc., a publicly traded company from Silicon Valley operating in the smart grid space, said on Jan. 7 that it acquired Escondido-based Detectent Inc. for $12 million cash.

Professional Hockey Team Reportedly Coming to San Diego

San Diego hockey fans, your long wait may be over.

Illumina to Consolidate Bay Area Operations at New Campus

BioMed Realty Trust Inc. announced Monday that Illumina Inc. signed a 15-year lease for a new campus in Foster City.

Suneva Wins FDA Approval for Acne Scar Treatment

Suneva Medical Inc., a San Diego-based aesthetics company, announced that the U.S. Food and Drug Administration (FDA) has approved its dermal filler, Bellafill, for the treatment of acne scars.

Ceremony Celebrates Murata's Purchase of Peregrine

Peregrine Semiconductor Corp., the San Diego maker of chips used in wireless devices and networks and now owned by Murata Electronics North America, held an opening ceremony on Wednesday to celebrate last month's closing of the Murata acquisition.

Port District to Discuss Proposals for Downtown Ferris Wheel

The Port of San Diego’s Board of Port Commissioners is expected on Feb. 10 to discuss developer proposals to build a Ferris wheel near the USS Midway Museum in downtown San Diego, according to a port spokeswoman.

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Protests Greet First Presentation of SeaWorld Orca Expansion

Sign-carrying advocates, including representatives of People for the Ethical Treatment of Animals, staged protests as local officials began their first reviews of a planned $100 million expansion of the killer whale habitat at SeaWorld San Diego.

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Express Employment to Add Five More Offices in San Diego

Express Employment Professionals, a franchised staffing company based in Oklahoma City, Okla., said it plans to open five more offices in San Diego to expand from its current base of three.

IDW Publishing Acquires Georgia-Based Top Shelf Productions

IDW Publishing Inc., a San Diego publisher of comic books and graphic novels, said it acquired Top Shelf Productions, a Georgia-based publisher of graphic novels for an undisclosed price.

Tuesday, January 6

SDG&E’s New East County Substation Is Operational

San Diego Gas & Electric announced that the new East County Substation project has been energized and is now operating as an integral part of SDG&E’s electric transmission system.

MIT Enterprise Forum Ends Contract With CONNECT

San Diego’s Massachusetts Institute of Technology Enterprise Forum has reorganized and hired its own executive director for 2015, ending an 11-year contract relationship with CONNECT.

Poway's General Atomics Awarded $43.3 Million Contract

The U.S. Air Force awarded Poway’s General Atomics Aeronautical Systems Inc. a $43.3 million contract to provide unspecified retrofits to an unspecified number of Reaper unmanned aircraft.

Poway Industrial Building Sold for $3.35 Million

Local investors Robert and Elizabeth Burke have purchased a Poway industrial building for $3.35 million, according to brokerage firm Pacific Coast Commercial, which represented the sellers.

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Petco Stops Selling Dog and Cat Treats Made in China

Petco Animal Supplies Inc. announced it has removed all China-made dog and cat treats from shelves at more than 1,300 retail stores nationwide, including Unleashed by Petco stores and online at Petco.com, making it the first national pet specialty retailer to complete such a move, according to the company.

Rexford Buys Kearny Mesa Industrial Complex for $32.3 Million

Los Angeles-based Rexford Industrial Realty Inc. announced that it has purchased a 13-building industrial complex in Kearny Mesa for $32.3 million.

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County Treasurer/Tax Collector Sworn in for Fourth Term

Dan McAllister was sworn in for his fourth term as the San Diego County Treasurer-Tax Collector on Jan. 5.

EDF Orders 150 Megawatts of Wind Turbine Generators

San Diego-based EDF Renewable Energy said it has placed a firm order with Vestas Wind Systems A/S for 150 megawatts of wind turbine generators, closing the books on the master supply agreement announced in September 2013, with orders totaling 1,094 MW.

Monday, January 5

Hines-Oaktree Venture Acquires Carlsbad Property for $20.7 Million

Houston-based Hines and a fund managed by Oaktree Capital Management LP of Los Angeles have partnered to acquire a Carlsbad office and industrial building known as Palomar Center for $20.7 million, according to CoStar Group and public data.

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LG Electronics Unveils First Phone with Snapdragon Processor

LG Electronics unveiled the first phone to have Qualcomm’s Snapdragon 810 processor at its heart.

Coffee Bean & Tea Leaf Opens Store in San Ysidro

The Coffee Bean & Tea Leaf recently opened a new location in the Outlets at the Border mall, in San Diego’s San Ysidro neighborhood near the Mexican border.

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Clothing Retailer Bonobos Plans Store Opening at Westfield UTC

Internet-based men’s clothing retailer Bonobos plans a Jan. 14 opening for a new Bonobos Guideshop location at Westfield UTC mall, in San Diego’s University Towne Center neighborhood.

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Isis Pharmaceuticals, Johnson & Johnson Sign $835 Million Deal

Johnson & Johnson has signed an $835 million pact with Carlsbad-based Isis Pharmaceuticals Inc., joining a growing list of big companies allied with the local company’s research and development group.

Kevin Sayer Named President/CEO of DexCom Inc.

DexCom Inc. announced that Kevin Sayer, currently the company's president and chief operating officer, has assumed the role of president and chief executive officer.

Rams Owner, Developer Join to Build Stadium in Los Angeles

The owner of the St. Louis Rams, Stan Kroenke, is joining forces with Stockbridge Capital Group, the owners of Hollywood Park, to build an 80,000-seat stadium to bring the Rams back to the Los Angeles area in Inglewood, according to the Los Angeles Times.

New York-Based NeuLion to Acquire DivX

DivX LLC, a San Diego maker of video compression software, said it signed a definitive agreement to be acquired by NeuLion Inc., a New York-based provider of live and on-demand content to Internet connected devices.

GlySens Announces Close of $12 Million Series C round

San Diego-based GlySens Inc., a medical technology company, announced Monday that it has closed a $12 million Series C investment round.

Sunday, January 4

Patio Village Apartments in Serra Mesa Sold for $8.4 Million

Patio Village Apartments LLC and SNM Realty Partners have acquired the 54-unit Patio Village Apartments, in San Diego’s Serra Mesa neighborhood, for $8.4 million.

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Aethlon Device Gets FDA Approval to Treat Ebola Patients in U.S.

San Diego-based Aethlon Medical Inc., a medical device company developing therapies for infectious diseases and cancer, announced that the U.S. Food and Drug Administration (FDA) has approved a clinical protocol to treat Ebola-infected individuals in the U.S. with the Aethlon Hemopurifier.

IFAN Financial Announces $1 Million Private Placement

IFAN Financial Inc., a San Diego company that develops and distributes software to enable mobile payments, announced a sale of $1 million of its common stock and warrants in a private placement agreement with an investor.

Telehealth Startup PocketDerm Raises $2.85 Million

San Diego-based PocketDerm LLC, a dermatology-targeted telehealth startup, has raised $2.85 million from the sale of securities, according to a recent regulatory filing with the Securities and Exchange Commission.

Point Loma Mixed-Use Property Purchased for $2.5 Million

Investor Anna Kioutas has purchased a mixed-use retail property in Point Loma, known as the Loma Building, for $2.5 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.

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The Business Events Calendar for the Week of Jan. 5, 2015

Some of the business events planned in the county for the week of January 5, 2015, and beyond.

Wilsonian Hotel Apartments Bought for $2.07 Million

A Carlsbad entity recorded as 1545 Second Avenue LLC has purchased the century-old Wilsonian Hotel, a 36-unit apartment property in downtown San Diego’s Cortez Hill neighborhood, for approximately $2.07 million, according to brokerage company Marcus & Millichap Inc.

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Statewide Strike Set For Jan. 12 by Kaiser Mental Health Clinicians

Kaiser Permanente’s 2,600 California mental health clinicians — psychologists, therapists and social workers represented by the National Union of Healthcare Workers (NUHW) — will launch a statewide strike on Monday, Jan. 12, to protest Kaiser’s alleged failure to provide its patients with timely, quality mental health care, according to a recent press release issued by the NUHW.

Friday, January 2

PocketDerm Raises $2.85 Million From Sale of Securities

San Diego-based PocketDerm LLC, a dermatology-targeted telehealth startup, has raised $2.85 million from the sale of securities, according to a recent regulatory filing with the Securities and Exchange Commission.

FDA Approves Clinical Testing of Aethlon's Ebola Treatment

San Diego-based Aethlon Medical Inc., a medical device company developing therapies for infectious diseases and cancer, announced that the U.S. Food and Drug Administration (FDA) has approved a clinical protocol to treat Ebola-infected individuals in the U.S. with the Aethlon Hemopurifier.

IFAN Announces $1 Million Private Placement

IFAN Financial Inc., a San Diego company that develops and distributes software to enable mobile payments, announced a sale of $1 million of its common stock and warrants in a private placement agreement with an investor.

Historic San Diego Apartment Building Sold for $2 Million

A Carlsbad entity recorded as 1545 Second Avenue LLC has purchased the century-old Wilsonian Hotel, a 36-unit apartment property in downtown San Diego’s Cortez Hill neighborhood, for approximately $2.07 million, according to brokerage company Marcus & Millichap Inc.

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Mixed-Use Property in Point Loma Sells for $2.5 Million

Investor Anna Kioutas has purchased a mixed-use retail property in Point Loma, known as the Loma Building, for $2.5 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.

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Business Events Calendar for Week of January 5, 2015

Some of the business events planned for the county for the week of January 5, 2015, and beyond.

Serra Mesa Apartments Sold for $8.4 Million

Patio Village Apartments LLC and SNM Realty Partners have acquired the 54-unit Patio Village Apartments, in San Diego’s Serra Mesa neighborhood, for $8.4 million.

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Young Architect of the Year Award Honors a Growing Talent

J. Antonio Garcia was named the 2014 Young Architect of the Year at the American Institute of Architects — San Diego Design Awards event held recently.

Home of the Month: Exquisite Elfin Forest Estate

Perched at the top of Paint Mountain in Elfin Forest is one of the most unique and talked about homes in San Diego.

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Interest Rates Will Increase; Global Trade Remains Weak

Q&A: Eugenio Aleman, Wells Fargo

Eugenio J. Aleman is director and senior economist for Wells Fargo, where he primarily focuses on the U.S. economy, consumers and interest rates.

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Data Liability Emerges as Growing Concern for Many Firms

Trindl Reeves is principal/chief sales officer for Barney & Barney LLC.

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Expect Rents to Increase, Additional Foreign Investments

Q&A: Tom van Betten, DTZ, formerly Cassidy Turley

Tom van Betten is managing director/Tenant Representation for DTZ, formerly Cassidy Turley.

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Regardless of Industry, Talent Will Be in Higher Demand

Q&A: Brett Good, Robert Half

Brett Good is a senior district president for Robert Half, which specializes in staffing. Good has been with the company since 1998 and oversees the company’s Accountemps, OfficeTeam, Robert Half Finance & Accounting and Robert Half Management Resources divisions throughout Southern California and Arizona.

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Demand Increasing for Professional Services

Eric Rohner is a tax partner at Moss Adams, LLP, where he serves privately held and public companies with a focus on the technology and manufacturing and distribution industries.

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Technology Boosts Access, Improves Delivery for Health Care

Q&A: Jane Finley, Kaiser Permanente

Jane Finley is senior VP & executive director of Kaiser Permanente in San Diego. Finley began her career with Kaiser Permanente in 1984 and was based in Downey before moving to San Diego in the spring.

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Area’s Tourism Success Creates Room for More Luxury Hotels

hotels: Dual Brand Development Is Also Gaining Popularity

The San Diego region continues to get its share of large new luxury hotels whose developers intend to make a big splash in the market.

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Despite Market’s Stability, Homebuyers Are Still Facing Hurdles

PROPERTY: Lending Constraints, Prices Keep Many on Sideline

It was another year of housing stability in San Diego in 2014, as economic fundamentals took hold, price appreciation slowed, and mortgage rates remained at historic lows.

Commercial Real Estate Sticks to Renovations and Repurposing

PROPERTY: New Sites Remain the Exceptions as Caution Is Still the Rule

While brand-new apartment buildings continued to sprout in places like downtown San Diego during 2014, the region’s office market was mostly a fixer-upper affair, with acquisitions and renovations of older buildings far outpacing new construction.