San Diego Business Journal


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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.

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.

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.

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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.

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.

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.

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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.

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.

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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.

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.

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.