San Diego Business Journal


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USO San Diego Appoints Arne John Nelson CEO

USO San Diego named has Arne John Nelson as its new chief executive officer.

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East Village Apartment Property Sold for $83.95 Million

Plano, Texas-based Monogram Residential Trust Inc. has purchased EV Lofts, a luxury apartment property in downtown San Diego’s East Village, for $83.95 million, according to CoStar Group and public data.

Carlsbad's Colorescience Gets a Key Retail Presence

Carlsbad cosmetics group Colorescience announced its launch on October 13, further expanding its retail footprint.

Regen BioPharma Names Harry Lander President

Regen BioPharma Inc. announced the appointment of Harry Lander as its new president.

Sentek Global Awarded 3 Five-Year Navy Contracts Worth $150 Million

San Diego-based Sentek Global recently announced that it has received three U.S. Navy contracts from SPAWAR.

Qualcomm to Sell Vuforia Business to PTC for $65 Million

Qualcomm Inc. said Oct. 12 that it has agreed to sell its Vuforia business to PTC, a $1.36 billion corporation from suburban Boston.

Astute Medical Inc. Signs Distribution Agreement With Chinese Company

Astute Medical Inc. has signed an agreement with a Chinese pharmaceutical firm for the distribution of its renal risk diagnostic in China. The deal also includes a $20 million investment in Astute.

Court Rules Metropolitan Water District Owes Water Authority $43.4 Million

A San Francisco judge on Friday gave the San Diego County Water Authority another win in its rate case against the Metropolitan Water District of Southern California, finding the MWD owed $43.4 million in prejudgment interest.

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Apartments Sold in National City, Oceanside, San Diego

Four San Diego County apartment properties recently changed hands in separate transactions, including a 23-unit National City property that sold for approximately $3.17 million.

Fate Therapeutics CEO Christian Weyer Resigns, Scott Wolchko Named Successor

Fate Therapeutics Inc. announced that Scott Wolchko will succeed Dr. Christian Weyer as president and CEO following Weyer's resignation effective Nov. 30.

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Miramar Life Science Office Property Sells for $2.53 Million

Calame Development Inc. of La Jolla recently acquired a Miramar life science office property for $2.53 million, according to brokerage company Newmark Grubb Knight Frank (NGKF).

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$2.8 Million Renovation Completed at Oceanside Apartments

REIG Construction of San Marcos recently completed a $2.8 million renovation of the 240-unit Sunterra Apartments in Oceanside, including the addition of a dog park and community area.

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SeaWorld Mulls Response to Panel’s Conditional Approval of Blue World

The parent company of SeaWorld San Diego announced that it will “review its options” after the California Coastal Commission approved the park’s $100 million Blue World expansion project on the condition that it stop breeding its captive killer whales.

Qualcomm Inc. Announces Quarterly Dividend, New Server Platform

Qualcomm Inc. wrapped up the week by announcing a quarterly dividend and announcing that a preliminary version of a new server platform for the data center market was available to interested customers.

Carlsbad Software Business Is One of First Cos. to Be Google Certified Publishing Partner

Ezoic has scored a berth as one of the first Google Certified Publishing Partners.

OPKO Health Participates in MabVax Financing Round

MabVax Therapeutics Holdings, Inc., a clinical-stage cancer immunotherapy company, previously announced that it has closed its public offering of 2,500,000 shares of its common stock and warrants to purchase up to 1,250,000 shares of its common stock.

The Business Calendar for the Week of October 12, 2015

Some of the business events planned for the county for the week of October 12, 2015, and beyond.

H.I.G. Capital Acquires T-Bird Restaurant Group

T-Bird Restaurant Group Inc., the exclusive franchisee of the Outback Steakhouse chain in California, announced that is has been acquired by private-equity firm H.I.G. Capital LLC.

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S.D. Apartment Property Sells for $7.6 Million

An entity recorded as Courtyard on 68th LLC of Irvine has purchased the 38-unit Courtyard on 68th apartment property, in San Diego’s College/Rolando neighborhood, for $7.6 million, according to brokerage firm ACRE Investment Real Estate Services.

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Westcore Purchases Scripps Ranch Industrial Building for $7.3 Million

Westcore Properties has purchased a Scripps Ranch industrial property for $7.3 million, with plans for an extensive renovation and rebranding, the San Diego-based company announced.