SD BUSINESS JOURNAL DAILY ENEWS
Opponents of a planned hike in San Diego’s minimum wage said they have collected more than 56,000 petition signatures, well above the 34,000 required to place the issue before voters.
Houston-based Lionstone Investments, on behalf of an institutional client, has acquired the nine-building San Diego Tech Center office park in Sorrento Mesa for an undisclosed price.
Isis Pharmaceuticals Inc. announced that it has earned a $4 million milestone payment from San Fransisco-based Achaogen Inc. associated with the initiation of a Phase 3 study of plazomicin in patients with serious multi-drug resistant bacterial infections.
San Diego chipmaker Entropic Communications Inc. said on Sept. 16 that it hired an investment bank to help it evaluate “strategic options to enhance shareholder value.”
Heritage Group Partners of Newport Beach has acquired The Heritage Apartments, a 56-unit apartment building in El Cajon, for $8.2 million, according to CoStar Group and public data.
Huntington Capital, a San Diego private equity firm, said one of its portfolio companies, Residential Design Services, Inc., an outsourced interior designer, was acquired by another private equity firm, resulting in “a high return on investment.”
Imagenetix Inc., a San Diego-based company developing over-the-counter topical creams, skincare products and nutritional supplements, announced that its post-bankruptcy Plan of Reorganization was confirmed and all provisions of the plan were approved by Judge Margaret Mann of the United States Bankruptcy Court for the Southern District of California with an effective date of September 16, 2014, enabling the company to emerge from bankruptcy.
Kratos Defense & Security Solutions Inc. said on Sept. 16 that its Micro Systems subsidiary received a $4.8 million delivery order from the U.S. Navy for unmanned aerial drone system command-and-control systems and services.
San Diego-based Curtana Pharmaceuticals Inc. has announced that it will be relocating to Austin, Texas, following a $7.6 million grant from the Cancer Prevention and Research Institute of Texas (CPRIT) to fund the company’s lead cancer therapy.
Tory Nixon, who heads up the San Diego division for California Bank & Trust, was named to oversee the bank’s Northern California division as well.
San Diego-based Denovo Biopharma LLC announced that it has acquired enzastaurin, a late-stage oncology drug, from Eli Lilly and Co.
HELF Investments LP of San Diego has purchased Canyon Hills Marketplace, a retail center in Lake Elsinore, for $33.5 million, according to brokerage company CBRE Group Inc., which represented the buyer and seller.
Target Corp. plans to open a location of its new small-format TargetExpress in San Diego’s South Park neighborhood in July 2015.
The U.S. Navy said on Sept. 16 that it awarded Carlsbad-based RQ Construction LLC a $6.7 million task order to renovate the sterile processing department at Naval Medical Center San Diego in Balboa Park.
AT&T said it expanded its U-verse customer base in the San Diego region by about 4,200 in July, part of an increase of 187,000 customers nationwide during the same month.
Pure Financial Advisors Inc., a Mission Valley based wealth management firm, said it surpassed the $1 billion mark in assets under management this year while increasing its client base to 1,200.
The San Diego Padres will mark Mexican Independence Day and Hispanic Heritage Month at Tuesday’s game against the Philadelphia Phillies with some Mexican-themed spectacle and celebration.
The University of California Board of Regents is set to hear a proposal that would establish a multimillion-dollar venture capital fund to back startups founded on student and faculty research.
San Diego-based Halozyme Therapeutics and Baxter International Inc. announced that the United States Food and Drug Administration approved Baxter’s subcutaneous treatment, HYQVIA, for adult patients with primary immunodeficiency.
Youngevity International Inc., a Chula Vista direct marketing business of gourmet coffees and other products, said is wholly owned subsidiary, CLR Roasters, completed a previously announced $4.35 million sale of secured convertible notes and warrants for an aggregate total of $4.75 million.