San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Scripps Partnering With MD Anderson for Cancer Care Program

Scripps Health joined the University of Texas MD Anderson Cancer Center Aug. 29 in announcing an agreement to partner on the creation of Scripps MD Anderson Cancer Center, a clinically integrated, comprehensive regional program based in San Diego that will compete against the area’s most prominent cancer care provider, UC San Diego Health System.

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Oceanside Retail Center Sold for $23.2 Million

Illinois-based InvenTrust Properties Corp. has acquired the Old Grove Marketplace retail center in Oceanside for approximately $23.2 million, the company announced.

Datron Gets $495M Foreign Military Sales Contract

Afghanistan continues to be a plum market for Datron World Communications.

Neurocrine Biosciences Files Investigational New Drug Application With FDA

Local biopharma Neurocrine Biosciences Inc. has filed an Investigational New Drug application with the U.S. Food and Drug Administration for its movement disorder drug, valbenazine.

Callaway Golf Acquires Toulon Design

Carlsbad-based Callaway Golf Co. said on Aug. 29 that it agreed to acquire Vista-based Toulon Design for undisclosed terms. Toulon specializes in putters.

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San Diego Firm Buys Santa Rosa Apartments for $43 Million

San Diego-based Davlyn Investments Inc. has purchased a 138-unit apartment community in Santa Rosa for $43 million, the company announced.

Capt. Joel Roos Taking Command of Naval Medical Center San Diego

Former U.S. Seventh Fleet Surgeon Capt. Joel Roos will assume command Aug. 30 of Naval Medical Center San Diego, relieving Capt. José Acosta, who will become lead medical officer of the locally based U.S. Third Fleet, the military announced.

Seacoast Commerce Banc Holdings Announces Dividend

San Diego-based Seacoast Commerce Banc Holdings, parent company of Seacoast Commerce Bank, on August 29 announced a 5-cent per dividend share.

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Escondido Office Building Sells for $6.9 Million

Torrance-based Showprop Pico Rivera LLC has acquired a 25,380-square-foot office building in Escondido for $6.9 million, according to the seller, San Diego-based SENTRE Inc.

McCain Inc. Agrees to Sell 100% of Its Shares to Swarco

The owner of Vista-based McCain Inc., which makes traffic control equipment for roads and highways, said Aug. 26 that it agreed to sell 100 percent of its shares to Austria-based Swarco.

SDCCU Increases Membership 10%

San Diego County Credit Union’s assets grew about 1.4 percent in the second quarter reaching nearly $7.6 billion, the credit union said Aug. 25 in an earnings report.

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Grocer Smart & Final Opening Third Chula Vista Store

Commerce-based discount grocer Smart & Final plans an Aug. 31 opening for a new Chula Vista store at 40 N. Fourth Ave, Unit D. It will be the company’s third store in Chula Vista and its 27th in San Diego County.

The Business Calendar for the Week of August 29, 2016

Some of the business events planned in the county for the week of August 29, 2016, and beyond.

Report Calls for Enhanced ‘Placemaking’ in San Diego

The city of San Diego can do more to meet community and business goals by creating a sense of place in its individual neighborhoods, according to a new report by the regional nonprofit Circulate San Diego.

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Lakeside Apartment Property Sold for $3.3 Million

San Diego investor Roger Carr has acquired a 20-unit apartment complex in Lakeside for $3.3 million, according to brokerage firm Apartment Consultants Inc., also known as ACI.

Duffy Named CEO of DEI Holdings Inc.

Kevin Duffy has been named CEO of DEI Holdings Inc., the Vista-based holding company for consumer electronics and auto electronics brands such as Polk Audio and Viper.

Vista-Based McCain Inc. Agrees to Sell 100% of Its Shares to Swarco

The owner of Vista-based McCain Inc., which makes traffic control equipment for roads and highways, said Aug. 26 that it agreed to sell 100 percent of its shares to Austria-based Swarco.

Report Calls for Enhanced ‘Placemaking’ in S.D.

The city of San Diego can do more to meet community and business goals by creating a sense of place in its individual neighborhoods, according to a new report by the regional nonprofit Circulate San Diego.

Business Calendar for Week of August 29, 2016

Some of the business events planned in the county for the week of August 29, 2016 and beyond.

SDCCU Increases Its Membership Nearly 10%

San Diego County Credit Union’s assets grew about 1.4 percent in the second quarter reaching nearly $7.6 billion, the credit union said Aug. 25 in an earnings report.