San Diego Business Journal


Kratos Gets Five-Year, $50 Million Contract

Kratos Defense & Security Solutions Inc. said on Sept. 1 that its satellite electronics and cybersecurity business recently received a $50 million, five-year contract from an unnamed international customer.

Lynx Technology Acquires PacketVideo Operations

San Diego-based Lynx Technology acquired the North American and European operations of PacketVideo five months ago for undisclosed terms. A publicist for Lynx said that the deal, which closed March 27, called for delaying an announcement until September.

Otonomy Board Gets New Chairman and New Director

Otonomy, Inc., a clinical-stage biopharmaceutical company focused on the development and commercialization of therapeutics for diseases and disorders of the ear, announced the appointment of Ted Schroeder to its board of directors and the resignation of its chairman, Peter Bisgaard.

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San Diego Firm Buys Bay Area Apartments for $26.4 Million

The ConAm Group of San Diego has purchased the 137-unit TownCentre Commons apartment community in the Bay Area city of Brentwood for $26.4 million, the company announced.

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Development Ramping Up at Millenia in Chula Vista

Development of retail and other commercial elements is expected to accelerate next year at the 210-acre Millenia mixed-use community in Chula Vista, where apartments are currently under construction.

Proximity to Schools Determines Home Prices, Study Finds

San Diego homebuyers may want to rethink their desire to live close to a school, according to research released Tuesday by the University of San Diego that found homes further away from schools are worth more than those nearby.

Home Values Gain 5.2 Percent in July, CoreLogic Reports

Home values in San Diego and Carlsbad continued their rise in July, gaining 5.2 percent over the past year, as home prices appreciated 6.9 percent nationwide, according to a report from CoreLogic.

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Value of County’s Future Construction Down 43 Percent in 2015

The value of San Diego County’s future construction projects dropped 43 percent from a year ago in the first seven months of the year, to just over $1.81 billion, according to the latest data from Dodge Data & Analytics.

San Diego Economy Slips Slightly in July, Index Finds

An index measuring the health of the San Diego economy took a downward turn in July, after 13 consecutive months of increases.

SDG&E Names Shults VP of Electric & Fuel Procurement

San Diego Gas & Electric announced that Emily Shults has been named vice president of electric & fuel procurement for SDG&E.

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Scott Carter Named CEO at ID Analytics

ID Analytics LLC named Scott Carter as CEO, publicly announcing the move on Aug. 31.

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Consultants: Convention Center Clients Prefer Contiguous New Space

San Diego Convention Center clients prefer contiguous expansion space, though the city would also benefit from new space that is non-contiguous, according to results of a consultant’s study.

Kratos Receives $6.38 Million Contract

Kratos Defense & Security Solutions Inc. said on Aug. 31 that a subsidiary recently received a $6.38 million task order related to ballistic missile defense and scientific research.

TriWest Healthcare Alliance Hiring Hundreds as it Expands San Diego Presence

TriWest Healthcare Alliance announced the company is hiring 240 employees in San Diego at its new Operations Center, which is scheduled to open on Sept. 8.

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Westfield Said to Be Considering Options, Including Launching Referendum to Block Carlsbad Lagoon Project

Mall operator Westfield Corp., whose local properties include Westfield Carlsbad, is mulling options including a referendum campaign, aimed at overturning the city’s approval of Caruso Affiliated’s planned retail center near the Agua Hedionda Lagoon.

Wrapify Is Audience Favorite at EvoNexus Demo Day

Wrapify, a business that mixes advertising-emblazoned cars, GPS information, crowdsourcing and other computer technology to deliver outdoor advertising, was the audience favorite during the EvoNexus Demo Day on Aug. 27 at the University of California, San Diego.

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Belching Beaver Brewery Buys Oceanside Building to Expand Beer Production

Vista-based craft beer maker Belching Beaver Brewery has purchased an Oceanside industrial building for approximately $2.36 million, with plans to operate a new five-stage, 30-barrel production system, according to brokerage firm Lee & Associates.

The Business Calendar for the Week of Aug. 31, 2015

Some of the business events planned in the county for the week of August 31, 2015, and beyond.

Senomyx Inc. Announces Commercialization of Sweetner

Senomyx Inc., a biotechnology company that makes flavor-enhancers, announced that it has commercialized its sweetener product Sweetmyx S617.

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La Jolla Apartment Property Sells for $8.55 Million

LJ Tides LLC has purchased a 30-unit apartment building known as The Tides for $8.55 million, according to brokerage company Colliers International.