San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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County Contracts for Future Construction Up 35 Percent Through August

Contracts for future construction in San Diego County rose 35 percent from a year ago in the first eight months of 2014, with a value topping $3.1 billion, according to the latest data from McGraw Hill Construction.

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Vanguard Space Technologies to Provide a Structure for Advanced Telescope

San Diego-based Vanguard Space Technologies Inc. announced that it has been selected by Ball Aerospace & Technologies Corp. to produce the structure assembly for the L1-L2 lens assembly for the camera on the Large Synoptic Survey Telescope (LSST).

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Acutus Medical Completes $26.2M Funding Round

Acutus Medical Inc., a San Diego-based medical device company developing tools for treating complex cardiac arrhythmias, announced it has completed a $26.2 million financing round to continue developing its imaging and mapping system.

Report Gives Picture of Region's Manufacturing Sectors

In advance of National Manufacturing Day on Friday, Oct. 3, a new local study finds that nearly 3,000 San Diego companies are engaged in the activity, and employ more than 94,000 workers who earn an average of $75,800.

South County EDC to Host Economic Summit at Convention Center

The South County Economic Development Council, the nonprofit business advocacy organization for the South Bay, hosts its 24th annual economic summit Oct. 10 at the San Diego Convention Center.

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Century-Old Downtown Apartment Building Sells for $3.3 Million

A buying entity recorded as Matmo Ents Inc. has purchased a 104-year-old apartment building in downtown San Diego for $3.3 million, according to CoStar Group and public data.

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Otay Mesa Apartments Sold for $150 Million

Partnerships controlled by San Diego-based R&V Management Corp. have acquired the 644-unit Greenfield Village apartment community in Otay Mesa for $150 million, according to Cushman & Wakefield Inc.

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Ambit Biosciences to Be Acquired By Japanese Company

San Diego-based Ambit Biosciences Corp. and Japanese-based Daiichi Sankyo Company Ltd. jointly announced that they have entered into a merger agreement under which Daiichi Sankyo will acquire all of the outstanding common stock of Ambit Biosciences for approximately $315 million on a fully diluted basis or $15 per share.

Irwin Jacobs Makes Forbes' 400 Wealthiest Americans List

Qualcomm Inc. co-founder and retired chairman Irwin Jacobs was the only San Diegan to make this year’s Forbes list of the 400 wealthiest Americans.

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Mollenkopf to Speak on Technology and Running Qualcomm

Qualcomm Inc. CEO Steve Mollenkopf will speak about the future of mobile technology and about his first seven months in charge of the company during an evening presentation Oct. 3.

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Excel Trust Buys Three Utah Retail Properties for $223 Million

San Diego-based Excel Trust Inc. has purchased a portfolio of three Utah retail centers for approximately $223 million, according to the parties and brokerage company involved.

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PriceSmart Acquires Land in Panama for New Warehouse Store

PriceSmart Inc., the San Diego operator of warehouse club stores in Latin America and the Caribbean, said it acquired 239,000square feet of land in Chorrera, Panama where it intends to open a new warehouse store in the summer of 2015.

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Developers Plan Pacific Highlands Apartments after $17.5 Million Land Deal

San Diego-based Wermers Properties and R&V Management Corp. have partnered to acquire 7.4 acres of land near Carmel Valley for $17.5 million, with plans to develop a new apartment community.

Miva Makes Changes in Look, Location and More

Miva Merchant, a San Diego-based provider of ecommerce software, announced a corporate rebrand and name change to Miva, as well as a new headquarters location.

Positive Results in a Meritage Pharma Trial May Be Step Toward Acquisition

San Diego-based Meritage Pharma Inc. announced positive final Phase 2 results of the company’s treatment for a chronic disease involving inflammation of the esophagus ─ eosinophilic esophagitis.

UCSD Installing Large Energy-Storage Battery System on Campus

The University of California, San Diego announced that one of the largest, most environmentally friendly battery-based storage systems in the United States will be installed at the university’s campus.

Aethlon Collaboration Could Lead to Diagnostic for NFL PLayers and Others With CTE

San Diego-based Aethlon Medical Inc. and its diagnostic subsidiary, Exosome Sciences Inc., announced that a clinical collaboration with the Boston University CTE Center has been established to advance a blood-based diagnostic test that could identify chronic traumatic encephalopathy in living individuals – a disorder previously only detected upon autopsy.

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AMN Healthcare Establishing Training Center to Support Changing Health Care Roles

San Diego-based AMN Healthcare Services Inc., a national provider of health care staffing services, announced the establishment of the Center for Professional Advancement to train the future health care workforce for rapidly changing roles at hospitals and health systems.

Business Workshop Will Focus on Tax Credits for Job Creation

Small, medium and large businesses interested in qualifying for a state tax credit for creating new jobs can get more information at a free workshop Oct. 13 presented by the Governor’s Office of Business and Economic Development and the San Diego Regional Economic Development Corp. held at San Diego City College’s Corporate Education Center starting at 1 p.m.

The Business Calendar for the Week of Sept. 29, 2014

Some of the business events scheduled in the county for the week of Sept. 29, 2014.