Latest stories

Sempra Wind Asset Sale Completes $2.5 billion Divestiture

Sempra Energy announced the completion of its divestiture of its U.S. renewable business and non-utility natural gas storage assets April 22. The company said it completed the sale of its stake in operating and development-stage wind assets to American Electric Power Co.

Constellation Brands to Close Trade Street Ballast Point Brewing Facility

According to a spokesperson for Constellation Brands, the Trade Street R&D brewing facility will “transition over the coming months.”

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Apartment Building Sold For $2.2M

Building has eight apartments.

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San Diego-Based TPT Global Agrees to Buy Assets of Michigan Company

The purchase agreement is subject to a $500,000 deposit, a $500,000 payment due at closing, and two additional payments for $500,000 with a 10 percent annual interest within 30 and 60 days of closing.

Normal Heights Apartment Buildings Sold For $5.3M

Buildings have a total of 21 apartments.

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City Heights Apartment Building Bought For $2.8M

Building has 16 apartments.

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Poseida Therapeutics Raises $142M for Cancer Cell Therapy

Poseida is working to advance CAR-T therapy, in which a patient’s T cells are altered to kill cancer cells. The San Diego company developed what are called stem memory T cells. They aim to be safer — and last much longer — than early CAR-T products.

Business Loans 101: What to Expect When Borrowing Money

Borrowed money is a great way for businesses to fuel growth without giving up equity. While there are always costs associated with this, accessing credit can be easier and more affordable than you might think.

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TECH: Settlement Puts Qualcomm Back In 5G Driver’s Seat

The announcement that shook the tech world last week immediately brightened Qualcomm Inc.’s future.

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ECONOMY: San Diego Is a Clear Winner as Qualcomm's Stock Surges

The end of a royalty dispute that bogged down Qualcomm Inc., one of San Diego’s largest employers, looks to be a win for the region.

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Cubic Secures U.S. Navy Aerial Refueling Supplier Contract

The Boeing Co. has tapped Cubic Corp. to aid in the development of the U.S. Navy’s first unmanned aerial refueling aircraft.

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Coronado Apartments Sold For $4.8M

Complex has 12 apartments.

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Four Apartment Buildings Sold For $7.4M

The complexes have a total of 44 apartments.

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San Diego Firm Funds West Hollywood Building Rehab

San Diego-based Wilshire Quinn Capital has provided a $2.2 million rehabilitation loan for a retail property in West Hollywood.

SD 500: Craig Dupper

Craig Dupper in 2018 founded a private equity firm based in Carlsbad after 16 years as the local presence for Newport Beach-based Solis Capital Partners LLC.

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SD 500: Lee Chesnut

Lee Chesnut is principal and founder of Chesnut Properties, a Solana Beach-based commercial real estate investment and development company.

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Pacific Beach Apartments Sold For $3.3M

Building has 10 apartments.

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Business Events Calendar for Week of April 22, 2019

Business events planned in the county.

Father Joe’s to Open Barber Shop for Homeless

Grand opening of Father Joe's Villages barber shop

Swinerton’s Winning Hand

BUILDING: Co. Cultivates Trust, Dependability and Skill To Win Casino Contracts

In the last few years, an estimated $1 billion has been spent on renovations and expansions of casinos in San Diego County.

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